Polkadot has been correcting since the ATH and is heavily impacted by BTC. DOT is almost 37% below the last ATH despite all the bullish hype such as parachain auction. The question is where should we buy or accumulate more DOT?
Currently DOT finding support at 200 EMA and 0.786 fib if it bounces from here and breaks the trendline then we will see a massive rally....
Polkadot has established a clear channel and is currently testing support.
Expect reversal with DOT to begin bullish action and enter price discovery as the auctions gain momentum and the Polkadot ecosystem begins to expand.
Reference is the Polkadot test network, Kusama ($KSM) to see impact of auctions on price and mCap.
Fundamental: Parachain Auction...
