Polkadot Price Prediction: DOT/USD Ignores The Massive Crypto Selloff, Holds Abo

[Lenipiw]

Polkadot soared to new highs in August, allowing investors to diversify their portfolios as they seek alternatives to the major cryptocurrencies (Bitcoin, Ethereum, and Ripple). The token, however, hit pause on trading a monthly high of $6.79. The barrier opened the Pandora box as DOT plunged to levels slightly above $5.00.
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[highnayem34]

The channel resistance continues to make it difficult for Polkadot to rise above the critical $7.00 level. On the downside, its support has been instrumental in keeping bearish action in check in a bid to avoid acute losses.