Polkadot ($DOT) Poised to Reach Local High of $9.6
Alternative coins have yet to catch up with Bitcoin's ascent, including CRYPTOCAP:DOT , which is currently oscillating between a support zone of $7.0โ$7.3 and a resistance zone of $7.62 โ$8.20.
There's an anticipation that buyers will soon make a move to break out from this sideways range upwards. Potential targets include resistance zones at $8.46, $8.74โ$9.2, and the local high of $9.6 established on December 26, 2023.
With Bitcoin on an upward trajectory, significant pullbacks in Polkadot's chart are unlikely. The price might retract to the support area of $5.96โ$6.57, but falling below this bracket seems improbable.