Crypto
Polkadot's Price Hinges on $1.25 Breakout
Polkadot is at a critical inflection point, trading at $1.22 after a modest 24-hour retreat from an intraday high of $1.24.
The price action is forcing a decision, with momentum indicators grinding to a standstill and smart money positioning aggressively long.
A clean break above $1.25 could open the door to $1.29 and potentially the Bollinger upper band at $1.32.
However, the funding rate is sitting at -0.0027%, reflecting a subtle counterweight to the bullish positioning setup.