The DOTUSD has been able to create a slight reversal higher the last day of trading, but it remains within sight of important support levels which may fuel nervous sentiment.
Since reaching its apex highs in early November 2021, DOT/USD has slumped along with the broad cryptocurrency market.of November feels like a long time ago, particularly as DOT/USD has crashed through support levels which continue to display signs of vulnerability. As of this writing, DOT/USD is near the 18.5000 ratio.
However, bearish traders may look at the value of DOT/USD and think that if more nervous sentiment is generated within the broad cryptocurrency market, more downwards movement could be displayed. If DOT/USD falls through current support and tests the 18.0000 level, traders will see quite clearly that Polkadot hit a depth below 16.0000 only two days ago.