This Is the Impact a Death Cross Could Have on Polkadot (DOT) Price
The Polkadot (DOT) rate just recently stopped working in its effort at healing, with the altcoin experiencing a correction of over 12% in the last 2 days.
This decrease has actually brought DOT near to a possibly bearish occasion that might even more affect its rate.
Polkadot Seeks a Bullish Turnaround
Presently trading under $9, Polkadot is pursuing a return, though the chances for healing appear slim. The token's worth stays considerably lower than its October 2023 levels.
In spite of a current rally, DOT has actually not gone back to the highs seen in the previous year, which might prevent brand-new financiers from getting in the marketplace, restricting the possession's healing capacity.
Polkadot P/S Ratio. Source: Token Terminal
The existing market characteristics reveal Polkadot de...