隨著市場等待SEC對Polkadot ETF的判決，點價格下跌低於5美元

Dot是0層區塊鏈Polkadot的本地令牌，已降至5美元以下。這種發展是在Polkadot的價格上漲30％之後的幾天

Key TakeawaysDOT, the native token of layer-0 blockchain Polkadot, has dropped below $5. This development comes days after Polkadot’s price experienced a 30% increase, driving it to its highest level since Feb. 2.Interestingly, the pullback also happened as the crypto market awaits a key regulatory decision: whether the U.S. Securities and Exchange Commission (SEC) will approve, delay, or reject pending applications for a Polkadot exchange-traded fund (ETF).The SEC verdict could impact DOT’s price action outside of the technical outlook. As the decision nears, here is what could be next for the altcoin.DOT Rally Eases After BreakoutAccording to the daily chart, Polkadot’s price surged to $5.30 after the cryptocurrency broke out of a falling wedge. The falling wedge is a bullish pattern characterized by two downward trendlines. The upper trendline represents resistance as the price hits lower highs. The lower trendline, on the other hand, shows lower lows, indicating support.Image: Polkadot price chart by TradingView

Key ThakeAweyDot是0層的區塊鏈Polkadot的本地令牌，已降至5美元以下。這一發展發生在Polkadot的價格上漲30％之後的幾天，將其提高到2月2日以來。 2。截然不同的是，由於加密貨幣市場等待關鍵的監管決定：美國證券和交易委員會（SEC）（SEC）是否會批准，延遲，延遲或拒絕Polkadot交換資金的申請申請（ETF）。隨著決定的臨近，這是Altcoin的下一個下一步可能會在分解到每日圖表後放鬆的事情，Polkadot的價格飆升至5.30美元，在加密貨幣從掉落的楔子中脫穎而出。掉落的楔形是一種看漲的模式，其特徵是兩個下降趨勢線。當價格降低高點時，上層趨勢線代表電阻。另一方面，較低的趨勢線顯示較低的低點，表示支持。圖片：Polkadot價格圖表

For DOT, the breakout happened as the trendlines narrowed and buying pressure increased, as shown by the Chaikin Money Flow (CMF). However, Polkadot’s price has since slipped to $4.82, due to the strong resistance near $5.30. The recent decline in the CMF reading indicates that accumulation is fading, contributing to the pullback. From this position, DOT’s price may continue to slide, with a risk of breaching the key support level at $4.45.Polkdot ETF Verdict Could Impact DOT PriceThe technical outlook for DOT is bearish as the cryptocurrency trades below the 200-day moving average. Moreover, the RSI has dropped below the neutral point, suggesting that there is more room for the bears to push the price lower.If the cryptocurrency continues to fall, it could find support at the 50-day moving average. A bounce from this level could set the stage for a rally towards the 200-day moving average.

對於DOT而言，突破發生了，隨著趨勢線的縮小和購買壓力的增加，Chaikin貨幣流量（CMF）表明。但是，由於強大的抵抗力接近5.30美元，Polkadot的價格已下跌至4.82美元。 CMF讀數最近的下降表明，積累正在逐漸消失，導致了回調。從這個職位上看，DOT的價格可能會繼續下跌，有可能以4.45美元的價格違反關鍵支持水平。 PolkdotETF判決可能會影響DOT的DOT技術前景DOT是看跌的，因為加密貨幣交易低於200天移動平均線。此外，RSI已下降到中性點以下，這表明熊有更多的餘地可以推動價格降低。如果加密貨幣繼續下降，則可以在50天移動平均線下找到支持。從這個級別的反彈可能會為200天移動平均線的集會奠定基礎。

If the SEC decides to approve the Polkadot ETF applications, it could have a significant impact on DOT’s price action.

如果SEC決定批准Polkadot ETF應用程序，則可能會對DOT的價格行動產生重大影響。

The crypto's price is currently facing resistance at the 50% Fibonacci retracement level from the March 2022 low to the January 2023 high. If the ETF applications are approved, it could help to drive DOT’s price through this resistance level, opening the way for further gains.

該加密貨幣的價格目前正面臨著從2022年3月至2023年1月高的斐波那契回撤水平的50％反回試。如果批准了ETF應用程序，則可以幫助將DOT的價格通過此阻力水平提高，從而為進一步的收益開闢了道路。

However, if the SEC decides to delay or reject the applications, it could add to the downward pressure on DOT’s price.

但是，如果SEC決定延遲或拒絕申請，則可能會增加DOT價格的下降壓力。

This decision is becoming increasingly urgent as it is due very soon.

由於很快到期，該決定就變得越來越緊迫。

Earlier this year, asset manager Grayscale filed an application for a spot Polkadot ETF, with the SEC’s decision now expected on June 11.

今年早些時候，資產經理Grayscale向現場Polkadot ETF提出了申請，該公司現已預計在6月11日的決定。

Similarly, 21Shares is also applying for a Polkadot ETF, with the SEC’s verdict on this application anticipated by June 24.

同樣，21shares也申請了Polkadot ETF，SEC對6月24日的申請的判決。

Despite the pending applications and the broader market recovery, Paymon Mohsin, crypto derivatives market analyst at Capital.com, remains skeptical about the chances of approval for these ETFs.

儘管待定應用程序和更廣泛的市場回收率，但Capital.com上加密衍生品市場分析師Paymon Mohsin仍然對這些ETF的認可機會持懷疑態度。

"Despite the pending applications and the broader crypto market recovery in 2024, I wouldn't get our hopes up for an early approval. Chances are the SEC will prefer to delay the decision or reject the applications," he told Capital.com.

他告訴Capital.com：“儘管有待處理的申請和2024年更廣泛的加密貨幣市場恢復，但我不會希望早日批准。

His skepticism stems from the SEC’s recent actions, which have seen the regulator postpone rulings on Solana (SOL) and Litecoin (LTC) ETF applications.

他的懷疑源於美國證券交易委員會（SEC）最近的行動，後者看到了監管機構對Solana（Sol）（Sol）和Litecoin（LTC）ETF應用的裁決。

These applications were initially set to be decided by March 15 but have since been pushed back to June.

這些申請最初定於3月15日決定，但此後已被推回6月。

Moreover, Mohsin pointed out that the SEC has yet to approve any crypto ETFs, despite receiving numerous applications over the past few years.

此外，Mohsin指出，儘管在過去幾年中收到了許多申請，但SEC尚未批准任何加密ETF。

The SEC has faced significant pressure to approve crypto ETFs, particularly after the agency approved the first iShares Short Treasury Bond ETF in 2007, kicking off a massive ETF boom.

SEC面臨著批准加密ETF的巨大壓力，尤其是在該機構批准了2007年第一批ISHARES短款債券ETF之後，開始了巨大的ETF繁榮。

Since then, the SEC has approved over 2,000 ETFs, but no crypto ETFs despite receiving the first Bitcoin ETF application in 2015.

從那時起，SEC已批准了2,000多個ETF，但是儘管在2015年收到了第一個比特幣ETF應用程序，但沒有加密ETF。

As the SEC’s verdict on the Polkadot ETF applications draws near, it could have a notable impact on DOT’s price action.

隨著SEC對Polkadot ETF應用程序的判決臨近，這可能會對DOT的價格行動產生顯著影響。

If the applications are approved, it could lead to a surge in demand for DOT, which in turn could propel the crypto's price higher.

如果批准了申請，則可能導致對DOT的需求激增，進而可以推動加密貨幣的價格更高。

Conversely, if the SEC decides to delay or reject the applications, it could add to the downward pressure on DOT’s price.

相反，如果SEC決定延遲或拒絕申請，則可能會增加DOT價格的下降壓力。

From a technical analysis perspective, DOT’s price has pulled back from the recent breakout of the falling wedge, which had seen the cryptocurrency rally to $5.30.

從技術分析的角度來看，DOT的價格從最近的Falling Wedge的突破中撤回，該楔形的趨勢已將加密貨幣集會升至5.30美元。

The breakout occurred as the trendlines of the wedge converged and the Chaikin Money Flow (CMF) showed

突破是隨著楔形的趨勢線融合而發生的，Chaikin貨幣流（CMF）顯示