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DOT

Polkadot Tests $3.91 Support Ahead of Polkadot 2.0

I see DOT trading around $3.91, down about 2.2%, as it tests a near-term support level despite the bullish narrative of Gavin Wood returning and the upcoming Polkadot 2.0 upgrade.

Technical indicators are mixed, so I’m watching for a clear breakout above resistance or a failed retest of $3.91 before considering a trade.

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Analysis

The upgrade and leadership news are positive catalysts, but price action shows weakness as DOT retests $3.91 with mixed momentum and volume—near-term downside risk remains until structure improves.

Recommendation

Watch price action around $3.91 and avoid initiating new longs until a confirmed breakout or a clean retest holds; consider small, staged exposure only on clear confirmation.

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.

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