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Polkadot's Bullish Momentum Faces Resistance at Bearish Order Block, Open Interest Indicates Growing Confidence

The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Despite a bearish order block limiting DOT's bullish advance, open interest has maintained an upward movement. Polkadot's buyers have been persistent in July, resulting in favorable price gains and keeping the altcoin's upward trajectory despite the general market correction led by Bitcoin's decline below $30k. On-chart indicators show bullish intent, but a drop below the $5.23 level would be a sign of a bearish takeover in the short term. Rising open interest highlights growing bullish confidence.

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