DOT Tests $3.91 Ahead of Polkadot 2.0 — Mixed Technicals Signal Caution
I see DOT testing the $3.91 level as the market digests Gavin Wood’s return and the upcoming Polkadot 2.0 upgrade. Price is down about 2.2% and technical indicators are mixed, so momentum is unclear.
I’m cautious because the upgrade is a significant catalyst that could amplify moves in either direction; traders may react strongly to on-chain news or implementation details. For now I’m watching for a decisive break or a confirmed reversal signal before adding exposure.
Analysis
Recommendation
Watch the $3.91 level and wait for confirmation (breakout or confirmed support) before entering; avoid committing new capital solely on the upgrade headline until price action clarifies direction.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.