Polkadot’s Bitcoin A higher high and lower low is considered a bullish signal. It shows that an asset can resist a downward trend and attain a higher value.As it stands, a close above the resistance could foreshadow the trend that trigger a rally toward $17. Furthermore, if DOT hits $17, a breakout might occur and drive the value toward an all-time high.
However, it is also important to assess DOT using other indicators. The first indicator we ran to was the Liquidation Levels available on HyblockCapital’s platform. However, above the aforementioned value, lots of liquidation could take place, especially for high-leverage traders.
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