Polkadot's price has surged by 18.9% in recent times but faces resistance at $1 amid a long-term downtrend, according to Pluang.
Despite this rally, Polkadot continues to trade below its long-term trend line, indicating that it may still be subject to further decline.
The price action of Polkadot is being closely watched by investors and analysts alike as it attempts to break through the $1 level.
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