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Polkadot Bounces Back After Trendline Breakout

Guavy AI Editorial Team
Instruments
DOT
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Gareth Soloway, chief market strategist at InTheMoneyStocks, is monitoring Polkadot:native after it broke above a near-term trendline and retraced to key support.

Soloway notes that this technical setup has played out in other markets, including HYPE's approach to $50 and its trendline stability.

Polkadot bounced back after testing support, suggesting that it may be poised for a move higher with price action expected to rebound from support.

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