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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/exploring-the-impact-of-market-trends-on-polkadot-dot-prices/" data-wpel-link="internal">Exploring the Impact of Market Trends on Polkadot (DOT) Prices</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/bitcoin-dusmani-dev-altcoin-ilk-8de-bitcoine-verdi-veristirdi" data-wpel-link="internal">Bitcoin</a> price</strong> has fallen below $60,000 for the first time since early March, causing investors to worry about potentially larger dips. As this article is being prepared, <a href="https://coin-turk.com/analist-kritik-fiyat-seviyelerine-isaret-etti-bitcoinin-siradaki-rotasi-neresi-olacak-4" data-wpel-link="internal">BTC</a> is finding buyers at $61,600. Most altcoins have begun to recover from their recent rises. But is this also the case for <a href="https://en.coin-turk.com/polkadot-strives-for-stability-after-recent-price-dip/" data-wpel-link="internal">DOT</a> Coin?</p> 
<h2 style="text-align: justify" id="polkadot-dot">Polkadot (DOT)</h2> 
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/bitcoin-price-analysis-grayscale-case-and-uncertainties-for-the-future/" data-wpel-link="internal">Bitcoin</a></strong>‘s price uncertainty generally leads to a lack of demand for altcoins. The price, lingering in a low and narrow range, supports concerns about potential deeper lows. On the other hand, a new attempt below $60,000 within 24 hours also shows there is some justification for these concerns.</p> 
<p style="text-align: justify">However, the good news is that if Israel does not make a contrary statement, it appears to have abandoned a retaliation that could escalate tensions. Although a postponement to an indefinite date is mentioned, the cooling of the situation means that the delayed response this week is not expected to have the feared major consequences.</p> 
<p style="text-align: justify">So shouldn’t the appetite in the cryptocurrency markets recover? This was not the only outcome, and the bad inflation data also keeps medium-term risks alive. Specifically for DOT Coin, the Sharpe Ratio is currently -5.17, marking a seven-month low. This metric, which measures return per unit of risk, highlights the weakness of a short-term recovery for DOT Coin.</p> 
<h2 style="text-align: justify" id="dot-coin-predictions">DOT Coin Predictions</h2> 
<p style="text-align: justify">In futures trading, open positions for many cryptocurrencies have melted away. Considering the falling volumes in spot markets, this is not surprising. Except for a few altcoins, a lack of interest dominates the overall market. For DOT Coin, open interest dropped by $154 million in six days, illustrating the investors’ flight.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-341745 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/DOT-coin-grafik-tahmini.png" alt="" width="1920" height="817"></p> 
<p style="text-align: justify">If DOT Coin starts closing below $6.3, a retreat to as low as $5.7 is expected in this scenario. Such a drop would represent a four-month low in price and potentially establish a market base for 2024. Considering reasons like the decrease in regional tensions, the support for DOT Coin could remain strong for now, with potential surprise movements towards $7-8 if it closes above $6.3. However, for this to happen, <strong><a href="https://en.coin-turk.com/fed-chairman-powells-influence-on-cryptocurrencies-whats-coming-next/" data-wpel-link="internal">BTC</a></strong> must climb to safer regions.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/exploring-the-impact-of-market-trends-on-polkadot-dot-prices/" data-wpel-link="internal">Exploring the Impact of Market Trends on Polkadot (DOT) Prices</a></h5>

Exploring the Impact of Market Trends on Polkadot (DOT) Prices

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