Polkadot Is Nearing Support

Polkadot with ticker DOTUSD made an impulsive recovery into first leg (A)(1) at the beginning of 2023. Since then we can see it making a higher degree A-B-C zig-zag corrective decline within wave (B)/(2), which can be now approaching the end, as we see it nearing important support area. Technically speaking, ideal support comes here around 5.0 – 4.5 area, from where we should be aware of a continuation higher into wave (C) or (3), but keep in mind that bullish confirmation is only above channel resistance line and 7.0 region.

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