polkaDOT please stay above $5.70

DOTUSDT

Polkadot bounced off the 20-day EMA ($6.49), but the bears continued to defend the 61.8% Fibonacci retracement level of $6.85. If the price turns up from the uptrend line, the buyers may resume the up-move and propel the DOT/USDT pair to the neckline of the inverse H&S pattern.

If the uptrend line gives way, the bears may try to sink the pair to $5.70, which is an important level to watch because below it, the pair could drop to $5.15.

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