Polkadot Price Update: Key Support Levels Hold Key to Next Rally

Polkadot (DOT) has been struggling with market pressure in recent days, with its price experiencing a 6.3% weekly decline.

The altcoin is currently trading at around $1.47, with a 24-hour trading volume of approximately $124 million, marking an 8.58% decline in activity.

According to Fibonacci retracement levels, DOT's price has been oscillating within the range of $1.468 and $1.220. If it manages to break above this zone, it could indicate a higher low pattern and confirm bullish sentiment.