- DOT-USDT is currently trading at $5.25, down by 2% in the past 7 days
- It is now near to its 4 months low with support at $5.15 – $5.20
- DOT has rallied over 15% at this price levels in the previous two occasions
The token is building positive momentum due to the following reasons:
- Largest decentralized exchange, Uniswap to launch on Polkadot, helping to increase volume & liquidity across the ecosystem
- Relative Strength Index (RSI) for 1 year stands near 40, close to oversold zone signaling more buying opportunities ahead
- Development activity has increased by 12% in last 4 days, indicating more projects being built on the blockchain
Note: This is not an investment advice and we highly recommend that you do your own research
Source: Sentiments Polkadot
