Polkadot: Assessing whether DOT is really at the risk of a 16% sell-off

Polkadot was in a delicate position on the charts. Its price remained gridlocked between two important Fibonacci levels while the indicators flashed mixed signals with respect to its mid-long term trajectory. One on end, sellers would look to target a close below the 50% Fibonacci level which would expose DOT to a potential 16% sell-off. […]