DOT Clamping On $8 Support Crucial To Maintain Bullish Pace

Can Polkadot (DOT) hold on to dear life as its price nosedived by 4% on the daily charts right after it peaked at $8.84? The $8 support line is seen as a critical zone for the coin, especially with the prevailing seller pressure going on. DOT is seen to go downhill or can plunge to $6 in the coming days. On the brighter side, the token’s price is generally bullish as shown in the extended increase which propelled its price to a high of $8.84 seen yesterday. On the other hand, DOT is seen to have decreased by 4% in price overnight. On July 26, 2022, its price formed an extended ascending triangle pattern when the price plunged to a mere $6.55.Cryp DOT Breaks Resistance At $8.5 Hereinafter, DOT has been extremely bullish and breaking the resistance seen at $8.5 and as it trades above $8.60. Support clamped at $8 is mission-critical for Polkadot price, especially with imminent selling pressure. With that in mind, any movement that swerves below this critical line could trigger a worse downtrend that may result in a price decline to $6.15. Major cryptocurrencies like Bitcoin and Ethereum also suffered a massive drop in the past 24 hours. Bitcoin evidently dipped by 3% or towards $23,700, while Ethereum plunged dramatically to $1,700. With the altcoins, Ripple spiked by 3% reaching $0.38, Cardano dropped to $0.52, Solana soared to $44.22, while Dogecoin plunged by 3% and fell to $0.07. Can Crypto Maintain Its Bullish Momentum...