PolkaDot has produced short-term highs, and following the Christmas weekend is now banging up against values not seen since early December.
of December, DOT/USD was near the 23.5000 mark and treading depths not seen since late August.
Before traders decide to jump on the bandwagon based on the belief another surge higher is about to be exhibited by DOT/USD, they should make sure they keep their ambitions in check. However, since attaining these apex highs almost two months ago, Polkadot has struggled to find renewed buying momentum and it has gradually traversed lower, hitting rather nervous depths only one week ago. While the run upwards the past few days has been impressive and scored large percentage moves forAs DOT/USD continues to bounce along the 31.5000 to 31.6500 level, traders may prove wise to wait to see if the early December values can actually be challenged.
Aggressive traders who feel that DOT/USD has ability to climb higher in the short term and want quick trades could look at this resistance as a take profit location
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