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Polkadot – Friday, August 01, 2025.
Sellers are quite dominant in the Polkadot cryptocurrency, as confirmed by the Death Cross EMA position and the RSI(14) indicator in Extreme Bearish conditions, potentially exposing it to pressure throughout the day.
Key Levels
1. Resistance 2: 3.9832.
2. Resistance 1: 3.8579.
3. Pivot: 3.7853.
4. Support 1: 3.6600.
5. Support 2: 3.5874.
Tactical Scenario
Pressure Risk Zone: If the price breaks down and closes below 3.6600, Polkadot will continue its decline to 3.5874.
Momentum Extension Bias: If 3.5874 is successfully broken and closes below it, Polkadot has the potential to continue its decline to 3.4621.
Invalidation Level / Bias Revision
Downside bias is maintained if the price suddenly strengthens to 3.9832.
Technical Summary
EMA(50): 3.7750.
EMA(200): 3.9010.
RSI(14): 24.34.
Economic News Release Agenda:
Tonight, there are significant data releases from the United States: US Non-Farm Payrolls and US Unemployment Rate at 19:30 WIB.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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