Polkadot Tests $2.27 Support as ADX Climbs Past 35 – Bulls Guard Critical Floor
Polkadot has endured a devastating drop over the past month, shedding 26.3% to land precisely at $2.27 – a level that now represents both the weekly and monthly close. The coin’s three-month performance paints an even grimmer picture at -40.4%, though interestingly, technical patterns suggest this bloodbath might be setting up something more constructive. The main question for traders is: can bulls defend this Wyckoff spring level that formed during recent accumulation, or will the bearish momentum that’s been building since October finally break through?