The price of DOT has decreased to $2.54, reflecting a 2.5% drop, following the announcement of the Polkadot Hub. Traders are now focused on the upcoming SEC ETF ruling scheduled for November 8th. Despite the recent announcement, the DOT price was unable to maintain its rally. Analysts note that technical indicators are signaling oversold conditions, which may impact trading strategies. The anticipation surrounding the SEC’s decision is creating uncertainty in the market, leading to cautious trading behavior among investors.
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