$DOT For Polkadot (DOT) on October 18th, 2024, the sentiment leans slightly bearish. The price has struggled to break key resistance levels, particularly around $4.50. Technical indicators show a downward trend, with multiple moving averages signaling a "sell" position. The RSI also reflects weakening momentum. However, the market is still mixed, and if DOT can regain traction and increase trading volume, it could retest higher levels like $5.00.
In the short term, expect some volatility as DOT faces challenges sustaining upward momentum. A breakout above $4.50 would be a bullish signal, but continued struggles could push the price lower.
