Polkadot's Trendline Breakout Still Alive Despite Recent Pullback

Polkadot's trendline breakout is still alive despite a recent pullback, according to technical analysis. The coin broke through a descending trendline after four previous attempts and rallied nearly seven percent before cooling off.

Polkadot has since fallen below its short-term ascending trendline but is now approaching a support zone between $0.7950 and $0.7869. If it holds this zone, the breakout remains intact, setting up another attempt at clearing $0.9090 and beyond.

The momentum oscillator RSI is reading 49.94, roughly neutral after an earlier bearish tag and a recent bullish tag. A confirmed close below $0.7869 would mean the retest failed, shifting focus to $0.7429 as the next support level.