DOT/USDT holding key support? 🚀Polkadot Today Analysis

💎 Paradisers, prepare for an exciting chance with #DOTUSDT as it stands firm at the critical support of $8.711. Holding steady at this level hints at a potential bullish trend, especially since the price has already tested liquidity below this point, reinforcing the bullish outlook.

💎 Let's also ponder the scenario where DOT struggles to surpass its previous peak, suggesting a risk of breaking below the support. In such a case, we're eyeing a bullish bounce from a secondary support at $8.137.

💎 Caution is advised: slipping below this secondary support could signal a shift towards a more pronounced bearish phase, marked by increasing sell-offs. Being alert and flexible is crucial as we navigate the evolving #POLKADOT market.