Polkadot’s bearish head and shoulders pattern on the one-day chart suggests a potential price drop to 3.47 USD. This pattern indicates a possible over 50% downward move if 7.56 USD resistance persists, warning traders to brace for potential correction.
Polkadot’s network sees a decline in daily active users, plummeting to 4,200, the lowest in 30 days. Coupled with reduced trading volume, experts express concern over DOT’s ability to maintain recent gains, spotlighting the need for buyer re-engagement.