PolkaDOT could fall further to $5.15

DOTUSDT

Polkadot's price analysis shows that despite the bears' success in defending the moving averages on April 26, the support at $5.70 held and buyers emerged at lower levels.

As a result, the DOT/USDT pair is expected to trade within a range between $5.70 and the 50-day SMA ($6.20) for a while. If the consolidation breaks to the downside, the selling pressure may increase, pushing the pair towards $5.15, where demand is likely to pick up. Conversely, if buyers manage to push the price above the 50-day SMA, it would signal a comeback for the bulls. In this scenario, the pair may first target 7, and if that level is surpassed, the next resistance would be at $7.90.

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