Polkadot (DOT) is currently trading at $3.91, down over 1% in the past 24 hours, as it struggles to reclaim $4. On Thursday, DOT slipped below $4 after a substantial decline of over 5% and fell to a low of $3.89. Despite buyers looking to push above the 20 and 50-day SMAs, sellers have continued to dictate market sentiment.
If buyers can push DOT above these levels, a retest of the resistance at $4.50 is possible. However, if sellers retake control, DOT could drop to its multi-year support of $3.62. Despite recent struggles, many analysts remain bullish on the token’s long-term potential.
