Why Is Polkadot (DOT) Declining? Whales Are Selling DOT for This New Solana Meme Coin Priced at Just $0.0007

Polkadot’s price has been falling, catching the attention of crypto enthusiasts. Major investors are offloading their DOT holdings and turning to a new meme coin on the Solana network, available at just $0.0007. What is causing this shift in investment, and how might it impact the broader cryptocurrency landscape?

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Polkadot Eyes Breakout Amid Altcoin Season Optimism

Polkadot (DOT) is trading between $3.77 and $4.55, showing signs of consolidation. The 10-day and 100-day simple moving averages are close, suggesting potential for a trend change. The nearest resistance is at $4.97; if DOT breaks above this, it could aim for $5.75, which would be a substantial rise from current levels. Stochastic indicators are in the oversold territory, and RSI is approaching neutral, indicating possible bullish momentum. Despite recent declines over the past month, growing optimism for a global crypto bull run could propel Polkadot higher during the anticipated altcoin season.

Conclusion

As DOT’s short-term potential fades, investors are turning to DOGEN. This meme token, designed for those seeking the best in life, embodies luxury and success. With expected 700% growth by the end of the presale, DOGEN follows successful tokens like BONK, WIF, and Popcat, offering real benefits and exclusive perks for early adopters.

Site: Dogen crypto

Twitter: https://x.com/dogenmeme

Telegram: https://t.me/Dogen_Portal

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.