11 月初的看涨势头将 DOT 价格推高至 5.7 美元。回调至 4.75 美元并在 6 美元关口下方盘整，让多头得以为下一轮反弹做好准备。Polkadot [DOT] is up 185% from the low of $3.7 it set on November 4. Part of the increase has been recovered so far, and the price may fall further.
Polkadot has been in a downtrend since the second half of March. It continued to move lower even into November, but the bulls were able to use Bitcoin [BTC]'s bullish momentum to recover.
What DOT traders need to pay attention toSupport levelAs shown below.
DOT crosses the $10 mark
The bullish momentum in early November propelled the DOT price to $5.7. The pullback to $4.75 and consolidated below the $6 mark, leaving the bulls ready for the next round of rebound.
From November 22 to 24, DOT increased 77%.
The coin has retraced significantly over the past few days and was trading at $8.07 at press time. The A/D indicator continues to rise strongly, indicating high demand for this token.
Furthermore, the money flow index did not indicate a bearish divergence.
However, as Bitcoin moves towards the $90,000 support area, the altcoin is likely to experience a setback. This could force Polkadot towards Fibonacci retracement levels, namely $7.09 and $6,285.
Such a decline would be a buying opportunity.
Falling spot CVD suggests weakening demand
On Sunday, November 24, open contracts (OI) peaked at $0.3998 billion. On the same day, spot CVD saw a large inflow of capital, showing an upward trend. The next day, this began to change.
OI and spot CVD began to show a downward trend, indicating a decrease in bidding in both the spot and futures markets.
The drop in spot prices was particularly strong, indicating strong selling pressure during the lower period. The financing rate is still positive, but overall, it is likely to fall further in the next few days.
