Krutika Adani
Polkadot price has just reversed from $6.18 after falling from $7.6 in the last three days.
DOT bounced off a critical support level of $6.12, below which the price could have fallen to $5.3.
After a continuous fall in the last three days, the RSI has also become stable at 40.
The daily charts show that a further fall and subsequent recovery from here could create a highly bullish triple bottom pattern, which could take the price to $8.3.
On the upside, DOT faces resistance at $7.3 before its target of $8.3. On the downside, $6.12 and $5.3 act as solid support.