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

Updated:

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

Updated:

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

Updated:

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

Updated:

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

Updated:

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

Updated:

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

Updated:

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

Updated:

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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Polkadot (DOT) Recoups above $34 Support, May Resume Upward Move

Updated:

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

Polkadot (DOT) Price Long-term Trend: Bullish
Polkadot’s (DOT) price has retraced to the low of $33. There are also bullish candlesticks above the $33 support. Also, the crypto’s price is above the moving averages suggesting that the retracement might have ended and an upward move is likely. In the previous price action, buyers pushed the altcoin to the $40 resistance zone but were repelled. Today, buyers are recouping above the $33 support for an upward move.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
The crypto is at level 57 of the Relative Strength Index period 14. The coin is in the uptrend zone and capable of resuming upward. DOT/USD price bars are above the 21-day and 50-day SMAs indicating a possible upward move.

Polkadot (DOT) Medium-term Trend: Bearish
On the 4-hour chart, Polkadot is a downward move. The altcoin has retraced to the low of $33. Meanwhile, on September 16 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the DOT price will fall to level 2.0 Fibonacci extension or level $29.71. From the price action, the market fell to $33 and resumed upward.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is above the 25% range of the daily stochastic. It indicates that the market is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Polkadot (DOT)
Polkadot is in a downward move. The altcoin has retraced to $33 low and resumed upward move. The crypto is likely to resume a fresh uptrend to retest the previous high. DOT/USD is trading at $34 at the time of writing.

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Polkadot (DOT) Declines as Bulls Fail to overcome $30 high

Updated:

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

Polkadot (DOT) Price Long-term Trend: Bullish
Following the recent breakdown, Polkadot corrected upward to $32.66. At the recent high, the altcoin faced another rejection. This caused the altcoin to fall to the low of $28.13. From the price action, the selling pressure is likely to continue on the downside.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
DOT price is at level 52 of the Relative Strength Index period 14. It indicates that the altcoin is in the uptrend zone and capable of rising on the upside. The 21-day and 50-day SMAs are sloping upward indicating the trend. The crypto’s prices are below the 21-day and 50-day SMAs which suggest a possible fall.

Polkadot (DOT) Medium-term Trend: Bearish
On the 1-hour chart, Polkadot is a downward move. The selling pressure resumes after the coin was repelled at level $32. Meanwhile, on September 10 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the DOT price will fall to level 2.618 Fibonacci extension or level $25.83.

DOT/USD – 4 Hour Chart

1-hour Chart Indicators Reading
Polkadot is above the 25% range of the daily stochastic. The coin is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Polkadot (DOT)
Polkadot is in a downward move. Buyers are attempting to push the price upward but are facing another rejection at $30. If the altcoin faces rejection the market will reach the low of $25. Otherwise, the coin will range-bound between $25 and $30

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Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.