Polkadot Eyes $0.870 as Strong Support Level Holds

The Polkadot cryptocurrency has reversed its trend from a support zone between CHFJPY and a lower daily Bollinger Band, as well as the support trendline of the daily Wedge chart pattern.

This reversal stopped an earlier minor impulse wave iii, which is part of a larger downward sequence that started in February.

The support level at 197.30 is seen as strong, and with a predominantly bullish sentiment across cryptocurrencies today due to progress on USA-Iran negotiations, Polkadot is expected to rise further to its next resistance level of $0.870.