Contrasting the Polkadot and Cardno price trend
Inspecting DOT on a daily timeframe, it became evident that it was experiencing a downtrend at press time. As of this writing, it was trading at approximately $5.2, reflecting a minor decline of less than 1%. However, it suffered a loss of nearly 5% over the four days.Despite this decline, DOT was still positioned above its short Moving Average , which acted as a support level. The Moving Average Convergence Divergence indicator also indicated a bullish sentiment.
However, the token was trending below its short Moving Average , which also acted as a resistance level. Furthermore, its trend appeared bearish as per the Relative Strength Index as well.
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