Polkadot ($DOT ) Price Analysis – October 17: Heading Towards $4? 📉
Polkadot (DOT) is currently trading at $4.21, down over 3% as it slips below the 20 and 50-day SMAs. After a brief recovery earlier in the week, DOT hit a high of $4.53 but has since struggled to maintain bullish momentum.
Current Status:
Recent dip to $4.29 raises concerns, with sellers looking to push lower.
If this trend continues, DOT could test the critical $4.00 support level, likely attracting buyers.
Despite the decline, optimism remains with ongoing network activities and partnerships, including the JAM protocol and collaboration with Inter Miami, which may spark a recovery.
Stay tuned for updates on DOT's next move!
Disclaimer: This article is for informational purposes only and is not financial advice.
