Polkadot (DOT) Price Hanging on to Support by a Thread

With the crypto market selling off and bitcoin cracking that key 59k support area the alts are down too.

However, some of them have not broken their upper level support levels as of yet.

Polkadot is one of the alts (as of the time of this writing)

As you can see looking at the chart the 38-40 area demand zone is still in play as price is all up in it at the moment.

This is marked by all the bottoms we saw in October and then the pivot top we saw in September.

Now, if BTC keeps selling off I'd expect DOT to fall too, but at the moment it is showing a little relative strength to the market on a whole.

The 32 and 27 price levels would be the next downsides while the upside is pretty clear, get back above 41 and then the all time highs is the target.