Polkadot in the Charts: What do On-Chain Data and Technical Analysis Indicate for DOT’s Price?

Several altcoins have surrendered their recent gains this week amid rising geopolitical tensions, with Polkadot (DOT) facing similar challenges. The latest market correction pulled the altcoin’s price down to $4.04, a drop of over 14% in just three days.

At times like this, it’s important to take a step back and examine some fundamentals and traders’ sentiment in the face of popular industry analysts’ conclusions.