Polkadot (DOT) Reaches $33 Support as the Altcoin Rebounds

26 November 2021 | Updated: 26 November 2021

Key Resistance Levels: $60, $62, $64
Key Support Levels: $40,$38,$36

Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot’s (DOT) price fell to the low of $33.60 and pulled back. The cryptocurrency is deeply in the oversold region. Polkadot is testing the historical price level of October 11. Today, the price action is indicating a long candlestick tail. The long candlestick tail indicates that the $33 support is a strong buying pressure. The altcoin is expected to rise above the current support.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot is at level 36 of the Relative Strength Index for period 14. DOT price is still in the downtrend zone and below the centerline 50. It is approaching the oversold region. The crypto’s prices are below the 21-day line and the 50-day line moving averages which indicate the downtrend.

Polkadot (DOT) Medium-term Trend: Bearish
DOT/USD is still in a downward move. DOT price has fallen to the low of $34 and pulled back. Meanwhile, on November 17 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOT price will fall to level 1.272 Fibonacci extensions or $32.82.

DOT/USD – 4 hour

4-hour Chart Indicators Reading
DOT price is below the 20% range of the daily stochastic. The altcoin is trading in the oversold region. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Polkadot (DOT)
Polkadot’s (DOT) has reached bearish exhaustion because of the indication of a long candlestick tail. Also, there is price rejection above the $34 support. The $34 support is a strong buying zone.


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Polkadot (DOT) Is in a New Uptrend, Breaks above $40 Resistance

19 November 2021 | Updated: 19 November 2021

Key Resistance Levels: $60, $62, $64
Key Support Levels: $40,$38,$36

Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot’s (DOT) price has broken below the moving average to reach the low of $37.80. Today, the DOT price has rebounded above the current support as the market resumes an upward move. If buyers push the altcoin above the moving averages, Polkadot will be out of downward correction. The crypto will resume upside momentum to retest the previous highs. In the meantime, the altcoin has risen to the high of $41 at the time of writing.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot has fallen to level 47 of the Relative Strength Index period 14. The crypto is still in the downtrend zone and below the centerline 50. The crypto’s prices are below the 21-day line and the 50-day line moving averages.

Polkadot (DOT) Medium-term Trend: Bearish
On the 4- hour chart, the altcoin is in a downward move. DOT price has fallen to the low of $37 and resumed upward. Meanwhile, on November 6 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that DOT price will fall to level 2.618 Fibonacci extensions or $39.50. The market has tested the Fibonacci level and resumed the current uptrend.

DOT/USD – 4 hour

4-hour Chart Indicators Reading
DOT price is above the 40% range of the daily stochastic. The market has resumed bullish momentum. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Polkadot (DOT)
Polkadot’s (DOT) has begun the resumption of the uptrend. DOT/USD has broken above the 21-day line moving average in the lower time frame. A break above the moving averages will propel the crypto to rise.


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Polkadot (DOT) Rebounds above $44, Poises for Upward Move Soon

12 November 2021 | Updated: 12 November 2021

Key Resistance Levels: $60, $62, $64
Key Support Levels: $40,$38,$36

Polkadot (DOT) Price Long-term Trend: Bullish
Since November 8, Polkadot’s (DOT) price has been in a downward move. Today, the market is approaching the November 10 low of $42. On November 4, buyers have earlier pushed DOT price to the high of $55 but could not sustain the bullish momentum. After three attempts to keep the price above $55 high, the bulls were repelled by the bears. Today, the DOT price has fallen to the low of $45.18 from the high of $55. The downtrend may reach the previous low of $42.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot has fallen to level 48 of the Relative Strength Index period 14. The crypto was earlier in the overbought region as sellers emerged to push prices down. The altcoin is in the bearish trend zone and below the centerline 50. The crypto’s price is falling but below the 21-day line moving average and above the 50-day line moving average.


Polkadot (DOT) Medium-term Trend: Bullish
On the 4- hour chart, the altcoin is in a downward move. The cryptocurrency has broken below the moving averages to reach the low of $42.50. Meanwhile, on November 6 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that DOT price will fall to level 2.618 Fibonacci extensions or $39.35.

DOT/USD – 4 hour

4-hour Chart Indicators Reading
The crypto is below the 50% area of the daily stochastic. Polkadot is in a bearish momentum. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Polkadot (DOT)
Polkadot’s (DOT) downward move has reached bearish exhaustion. A candlestick long tail is pointing to the $42.50 support. This indicates that the altcoin has a strong buying pressure above the $42 support.


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Polkadot (DOT) Declines to the Downside, Faces Rejection at $55

5 November 2021 | Updated: 5 November 2021

Key Resistance Levels: $60, $62, $64
Key Support Levels: $40,$38,$36

Polkadot (DOT) Price Long-term Trend: Bullish
Polkadot’s (DOT) price is in a downward move after its rejection from the high of $55. The new peak price was achieved after a rebound above the 21-day moving average. The rebound breaks through the $46 resistance level. The $46 resistance has been obstructing price movement for two weeks. DOT price rallied to $55 high. The current retracement is caused by the overbought condition of the cryptocurrency. The current decline will extend to the low of $49 or the breakout level of $46. The bullish momentum will resume if price finds support above the $46 or $49 price level.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
The altcoin reached the overbought region but has fallen to level 66 of the Relative Strength Index for period 14. DOT price is in the bullish trend zone and capable of a further upward move.
The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

Polkadot (DOT) Medium-term Trend: Bullish
On the 2- hour chart, the altcoin is in a downward move. The crypto is falling after rejection from $55. Meanwhile, on November 4 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOT price will fall to level 2.0 Fibonacci extensions or $49.77.

DOT/USD – 2 hour Chart

2-hour Chart Indicators Reading
Presently, the market is below the 20% range of the daily stochastic. It has fallen to the oversold region. It implies that the selling pressure is reaching bearish exhaustion. The market is in a bearish momentum. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Polkadot (DOT)
Polkadot’s (DOT) price is in a downward move. It has retraced from the peak price of $55 to $52. It is likely to resume upward as the altcoin falls to the oversold region of the market.


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Polkadot (DOT) Holds above $40, May Resume Uptrend

29 October 2021 | Updated: 29 October 2021

Key Resistance Levels: $60, $62, $64
Key Support Levels: $40,$38,$36

Polkadot (DOT) Price Long-term Trend: Bullish
Today, Polkadot’s (DOT) price is trading above the moving averages. Buyers pushed the altcoin to the high of $45.76 but were resisted at the recent high. The cryptocurrency fell to the support above the 21-day SMA. Simultaneously, the altcoin has resumed upward above the current support. Polkadot will resume upward if the 21-day SMA or the $38 support holds. The altcoin will decline if the current support is breached.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot is at level 55 of the Relative Strength Index period 14. The altcoin trades in the bullish trend zone, therefore there is a possibility of a further upward movement of the coin. The 21-day and 50-day SMAs are still sloping upward indicating the uptrend. Presently, the market is below the 80% range of the daily stochastic.


Polkadot (DOT) Medium-term Trend: Bullish
On the 3- hour chart, the altcoin is resuming a fresh uptrend. The uptrend is being restricted by the 21-day SMA and the 50-day SMA. The uptrend will continue when price breaks above the moving averages. Meanwhile, on October 28 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that DOT price will rise to level 1.618 Fibonacci extensions or $45.02.

DOT/USD – 3 hour

3-hour Chart Indicators Reading
DOT is below the 80% range of the daily stochastic. The market is in a bearish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for Polkadot (DOT)
Polkadot’s (DOT) price is still above the moving averages. There is a likelihood of an upward movement of the cryptocurrency. DOT price will have an accelerated movement if price breaks above the moving averages.


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Polkadot (DOT) Declines on the Downsides, Unable to Sustain Above $45 High

22 October 2021 | Updated: 22 October 2021

Key Resistance Levels: $60, $62, $64
Key Support Levels: $40,$38,$36

Polkadot (DOT) Price Long-term Trend: Bullish
Today, Polkadot’s (DOT) price has been struggling to sustain above the $45 high. Buyers have made two attempts to break above the recent high. In the first attempt, Polkadot was resisted as it fell to $44.90 support. Nevertheless, after the second retest, the altcoin slumped above the $45 support. The current price action has remained the same since October 20. The cryptocurrency will rally to $50 high if the bulls are successful above the recent high. However, if the bulls fail to sustain the bullish momentum, the DOT price will decline to $34 low.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot is at level 68 of the Relative Strength Index period 14. The market is near the overbought region. DOT/USD has not enough room to rally on the upside. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

Polkadot (DOT) Medium-term Trend: Bullish
The altcoin has been struggling to sustain above $45 support. The cryptocurrency will resume an upward move if the current bullish momentum is sustained. Today, the upward move has been repelled. Meanwhile, on October 22 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that DOT price will rise to level 1.618 Fibonacci extensions or $47.11.

DOT/USD – 30 Mins Chart

4-hour Chart Indicators Reading
DOT is below the 40% range of the daily stochastic but the stochastic bands are sloping upward. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. Polkadot has a bullish crossover as the 21-day SMA crosses above the 50-day SMA.

General Outlook for Polkadot (DOT)
Polkadot’s (DOT) price is in an upward move. The chances of rising are there as long as the price bars are above the moving averages. Buyers have to breach the $46 resistance zone to resume the upward move.


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Polkadot (DOT) Consolidates Above $40 Amidst Bullish Expectation

15 October 2021 | Updated: 15 October 2021

Key Resistance Levels: $60, $62, $64
Key Support Levels: $40,$38,$36

Polkadot (DOT) Price Long-term Trend: Bullish
Today, Polkadot’s (DOT) price has risen to the high of $42. The current uptrend is facing resistance at the $44 resistance zone. Yesterday, the market declined to $40 support. The $40 support is holding with the appearance of bullish candlesticks. DOT price will resume a fresh uptrend if the current support holds DOT/USD will resume an upward move if the current resistance is breached. The market will attain a new high of $50.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot is at level 64 of the Relative Strength Index period 14. It indicates that the current bullish momentum is reaching the overbought region of the market. DOT price will be overbought at level 70 of the daily RSI. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

Polkadot (DOT) Medium-term Trend: Bullish
On the 4 hour chart, the altcoin has resumed an upward move after rebounding above the $36 support. The current uptrend reached the high of $42.42 but was repelled. Meanwhile, on October 13 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOT will rise to level 2.0 Fibonacci extensions or $50.59 .

DOT/USD – 4 hour

4-hour Chart Indicators Reading
DOT is below the 80% range of the daily stochastic. However, the stochastic bands are sloping upward indicating an upward move. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for Polkadot (DOT)
Polkadot’s (DOT) price is in an upward move. The altcoin is trading in the bullish trend zone. There is the possibility of a further upward movement of the crypto. A break above the $44 resistance will catapult the coin to $50 high.


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Polkadot (DOT) Surges Ahead, Breaks Above the $32 High

2 October 2021 | Updated: 2 October 2021

Key Resistance Levels: $60, $62, $64
Key Support Levels: $40,$38,$36

Polkadot (DOT) Price Long-term Trend: Bullish
DOT price rebounded above $26.50 as price breaks above the moving averages. The uptrend will resume if price breaks and closes above the moving averages. The altcoin price will rise to revisit the previous highs of $34 and $38 if the current uptrend is sustained. However, if the current bullish move faces rejection at the recent high, the altcoin will fall to the range-bound zone. DOT price will fluctuate between the 21-day SMA and the 50-day SMA.

DOT/USD -Daily Chart

Daily Chart Indicators Reading:
DOT price is at level 53 of the Relative Strength Index period 14. It indicates that the market has reached an uptrend zone and is capable of rising on the upside. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

Polkadot (DOT) Medium-term Trend: Bullish
On the4 hour chart, the altcoin is making an upward move. The market is approaching the overbought region of the market. Meanwhile, on October 1 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOT will fall to level 1.272 Fibonacci extension.

DOT/USD -1 Hour

1-hour Chart Indicators Reading
DOTs price is above the 80% range of the daily stochastic. It indicates that the market has reached the overbought region. Sellers will emerge in the overbought region of the market. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Polkadot (DOT)
Polkadot’s (DOT) price is in an upward move. DOT price has broken above the moving averages. If the bullish momentum is sustained, the market will continue to rise.

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Polkadot (DOT) Declines as Buyers Fail to Sustain Above $34 High

24 September 2021 | Updated: 24 September 2021

Key Resistance Levels: $60, $62, $64
Key Support Levels: $40,$38,$36

Polkadot (DOT) Price Long-term Trend: Bullish
Polkadot’s (DOT) price is in a downward move. The altcoin is falling as it faces rejection from the $33.60 high. In the previous price action, Polkadot was in an impressive bullish run as it reached the $34 resistance zone. Buyers retested the resistance zone twice before they were repelled. The crypto is now fluctuating between the 21-day SMA and the 50-day SMA. If the bears break below the 50-day SMA, the selling pressure will resume.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
DOT price is at level 52 of the Relative Strength Index period 14. The coin is in the uptrend zone and above the centerline 50. If price breaks below the support line, the selling pressure will resume.

Polkadot (DOT) Medium-term Trend: Bearish
On the 4-hour chart, Polkadot is a downward move. The altcoin has broken below the moving averages. This will accelerate the downward move. Meanwhile, on September 23 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the DOT price will rise and reverse at level 1.272 Fibonacci extension or level $34.03. The altcoin did not reach the Fibonacci extension but reverse at level $33.60.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOT price is below the 21-day SMA and the 50-day SMA suggesting a further downward move. The altcoin is below the 80% range of the daily stochastic. It indicates that the market is in a bearish momentum.

General Outlook for Polkadot (DOT)
Polkadot is in a downward move. Buyers could not sustain the bullish momentum above the $34 resistance. The current downtrend is likely to extend to the low of $26.

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Dogecoin (DOGE) Revisits the Previous Low at $0.21 as Bears Threaten to Short

23 September 2021 | Updated: 23 September 2021

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Bearish
Dogecoin’s (DOGE) price has fallen to the low of $0.20 as bulls bought the dips. Yesterday, buyers pushed the coin to the high of $0.23 but could not continue the bullish momentum. Today, the DOGE price is falling as it faces rejection at the $0.23 high. The market is expected to fall and retest the $0.20 support. On the downside, if the bears break the current support, the DOGE price will fall to $0.18 low and reverse.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
Dogecoin has a bearish crossover. The 21-day SMA crosses below the 50-day SMA indicating a sell signal. Dogecoin is at level 39 of the Relative Strength Index period 14. The crypto is in the downtrend zone and capable of falling on the downside. The 21-day SMA and 50-day SMA are sloping downward indicating the downtrend.

DOGE/USD Medium-term bias: Bearish
On the daily chart, the DOGE price is below the moving averages. The price is falling to break the previous low the second time. Meanwhile, on September 7 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOGE will fall but reverse at level 1.272 Fibonacci extension or level $0.18.

DOGE/USD – Daily Chart

4-hour/Daily Chart Indicators Reading
DOGE price is below the 40% range of the daily stochastic. It indicates that DOGE is in a bearish momentum. The 21-day and the 50-day SMA are sloping downward.

General Outlook for Dogecoin
DOGE/USD is in a downward move. Initially, Dogecoin fell to the low of $0.21 as bulls bought the dips. The upward correction was short-lived as bears revisit the previous low. If the $0.21 support is broken again, the market will decline to $0.18 low.


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