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Polkadot (DOT) has lastly managed to cease its extended correction. The worth appeared to have settled a bit after bottoming at round $7.35. DOT now has a good alternative to reverse the downtrend and could rally considerably despite rising uncertainty out there. Here are some factors:

• DOT is testing the $10 which could be vital in any bull run

• It’s the primary time the coin has reported features after 4 days of retreat

• Crossing the $10 could set off a rally in direction of $13 or thereabout

Data Source: TradingView 

Polkadot worth evaluation and prediction

The most essential factor for DOT bulls is that the downtrend seems to have slowed. The coin had reported losses in 4 straight classes, and there have been fears it could really fall beneath $5 for the primary time this 12 months. But it appears the value motion began to consolidate at round $7.35. 

Eventually, DOT was in a position to set off a run and is now making an attempt to cross above $10. If certainly this occurs, we could see the token rally in direction of $13 or past. This will characterize an upswing of round $30 from this worth. However, despite this bullish outlook, there are still a number of uncertainties out there.

For instance, we’ve not seen sufficient buying and selling quantity to recommend DOT goes bullish. It is feasible that DOT might in reality get rejected on the $10. This will push it downwards towards its earlier backside worth of $7.35. But if bulls should not in a position to hold the value above $7.35, there will probably be extra draw back to come back.

How to commerce DOT on this setup?

The first entry can be above $10. If DOT is ready to cross above this worth, then you should buy and exit at $13. 

However, if the value motion stays suppressed beneath $10, then look ahead to it to backside at round $7 before you purchase. But there may be a danger that a drop in direction of $7 could proceed till DOT hits $5.