Investing.com – (DOT) price has been on a bit of a roller coaster in October. After a 10.9% uptick last week, the price climbed from $4.32 to $4.53, but the crypto token has since pulled back.
On Wednesday, DOT was trading down by 3% amid wider weakness observed in risk assets. The sluggish performance comes after a busy week in the market, with daily trading volume shooting up by more than 50%.
Even with the recent dip, short-term traders are keeping a close eye on DOT after it broke out of a falling wedge pattern, which usually hints at the chance for more gains ahead. The positive vibes surrounding Bitcoin’s push to $69k also helped lift sentiment across the crypto space.
However, Polkadot traded mostly in the red over the past month, which led some to question whether investor interest is fading. After hitting a high of $4.57 over the weekend, DOT struggled to maintain momentum and dropped back below $4.50 on Monday.
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