Polkadot (DOT) Falls to $24.06 Low, Resumes Upward Move

Updated:

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


Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot has continued its downward move. Today, the altcoin has dropped to as low as $24.06. On May 29, the coin dropped to $20 low as bulls bought the dips. The crypto’s price corrected to $28 and was resisted. This caused the current downward move of the coin.
The coin is falling and perhaps approaching the previous low of $18 or $13.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot is now at level 44 of the Relative Strength Index period 14. It indicates that the coin is in the downtrend zone and below the centerline 50. The moving averages are sloping downward indicating the downtrend. DOT price is below the moving averages which suggest that the coin is in the bearish trend zone and capable of falling.

Polkadot (DOT) Medium-term Trend: Bearish
On the 1 hour chart, the altcoin has fallen to the low of $ 24. The coin has reached bearish exhaustion. Meanwhile, on June 3 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOT will fall to level 2.0 Fibonacci extension or level $24.98. From the price action, the DOT price has fallen to the low of $24.06. Upward move likely.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is below the 20% range of the daily stochastic. It indicates that the market has fallen to 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) price has fallen and has reached bearish exhaustion. The coin has fallen to the oversold region of the market and buyers are likely to emerge. DOT is consolidating above $24 support

You can purchase crypto coins here: Buy Coins

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

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.

Polkadot (DOT) Is in a Downward Correction, Fluctuates between $16 and $25

Updated:

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

Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot is in a downward move. On May 23, DOT price has dropped to the low of $13.73 as bulls bought the dips. The altcoin price corrected upward to $25 but faces another rejection. The coin has declined to the low of $20. It is presently below the moving averages which suggest that it is capable of the further downward move.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot has fallen to level 39 of the Relative Strength Index period 14. It indicates that the coin is in the downtrend zone below the centerline 50. The crypto’s price has broken below the moving averages which suggests that the coin is in the bearish trend zone and capable of falling. The moving averages are sloping horizontally indicating the sideways trend.

Polkadot (DOT) Medium-term Trend: Bearish
On the Daily chart, the altcoin has fallen to the low of $13.73 and corrected above level $20. Meanwhile, on May 19 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOT will fall to level 1.272 Fibonacci extension. From the price action, the DOT price is retracing on the downside.

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’s (DOT) price is falling and has reached the oversold region of the market. Buyers are expected to emerge. The altcoin is trading below the moving averages which are prone to further downward move.

You can purchase crypto coins here: Buy Coins


Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing result

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

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.

Polkadot (DOT) Retraces From $30 High as Sellers Threaten to Short

Updated:

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

Polkadot (DOT) Price Long-term Trend: Bearish
Today, DOT price is falling after rejection from the $32 high. In the previous price action, Polkadot plunged to $16 low and pulled back as bulls bought the dips. However, the uptrend was short-lived as DOT price faced resistance at $32.50. Buyers could not sustain the bullish momentum above the recent high. Meanwhile, on May 19 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that DOT price will fall to level 1.618 Fibonacci extension .

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot has fallen to level 40 of the Relative Strength Index period 14. It indicates that the coin is in the downtrend zone below the centerline 50. The crypto’s price has broken below the moving averages which suggests that the coin is in the bearish trend zone and capable of falling. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways trend.

Polkadot (DOT) Medium-term Trend: Bearish
On the 4 hour chart, the altcoin has been in a sideways trend since February. On May 20, the crypto plunged to $21 low as bulls bought the dips. The price corrected upward but the uptrend is facing resistance at the high of $30. Meanwhile, on May 19 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOT will fall to level 2.0 Fibonacci extension. From the price action, the altcoin is retracing after the rejection from the recent high.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is above the 40% range of the daily stochastic. It indicates that the market is in a bullish momentum. This is contrary to the price action which is retracing from the recent high. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Polkadot (DOT)
Polkadot (DOT) price is in a downward correction. The altcoin is facing rejection from the recent high. In the meantime, the crypto’s price is fluctuating between $16 and $30. The altcoin will trend if the levels are breached.

You can purchase crypto coins here: Buy Coins

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

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.

Polkadot (DOT) Price Breaks Above the Resistance Levels, Faces Rejection at $44

Updated:

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

Polkadot (DOT) Price Long-term Trend: Ranging
Polkadot (DOT) price is making an impressive upward move. Buyers have broken the resistance at $40 and $42. Nonetheless, if the current bullish momentum is sustained, DOT price will reach a new high of $48. However, in the previous price action on April 5 and 17, DOT prices reach the highs of $45 and $48 and were repelled. The altcoin fell to the range-bound zone and resume fluctuations between $28 and $40. Today, an uptrend is facing resistance at the recent high.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
. The altcoin has risen to level 60 of the Relative Strength Index period 14. It indicates that the coin is in the uptrend zone above the centerline 50. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways trend.

Polkadot (DOT) Medium-term Trend: Bullish
On the 4 -hour chart, DOT price is in a strong uptrend. The price has broken the initial resistance level. On May 5 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. This retracement indicates that DOT is likely to rise to level 1.272 Fibonacci extension or the high of $42.69. The market is expected to reverse at the recent high.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is above the 80% range of the daily stochastic. DOT price has reached the overbought region of the market. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the price movement.

General Outlook for Polkadot (DOT)
DOT/USD is presently in an upward move. Buyers have pushed DOT price above the resistance level but may not sustain the bullish momentum. The selling pressure above the resistance is overwhelming. Besides, the altcoin is likely to fall as it reaches the overbought region of the market.

You can purchase crypto coins here: Buy Coins

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

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.

Polkadot (DOT) Slumps Further After The Formation Of Bearish Double Top Pattern

Updated:

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

Polkadot (DOT) Price Long-term Trend: Ranging
Polkadot’s price is in a downward move after buyers retested the $48 overhead resistance. The retesting of the overhead resistance on April 5 and 18, suggests the formation of a bearish double top pattern. This bearish double top pattern will cause the DOT price to fall. Today, the market has fallen to the low of $27.50 and it pulled back. There is the tendency of price falling on the upside.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
DOT price has fallen below the 21-day SMA and the 50-day SMA which suggests that the coin is in the bearish trend zone. It implies that the coin is capable of falling on the downside. DOT/USD is also at level 37 of the Relative Strength Index period 14. It indicates that the coin is approaching the oversold region of the market.

Polkadot (DOT) Medium-term Trend: Bearish
On the 4-hour chart, the altcoin is in a downward move. On April 18 downtrend; a retraced candle body tested the 61.8% retracement level. This retracement indicates that DOT is likely to fall to level 1.618 Fibonacci extension or the low of $21.70. From the price action, the market has fallen to the low of $29.65 at the time of writing.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is below the 40% range of the daily stochastic. It is in a bearish momentum. The 21-day and 50-day SMAs are sloping downward indicating the downtrend.

General Outlook for Polkadot (DOT)
Polkadot (DOT) has a bearish double top formation. The implication is that the coin will further depreciate on the downside. According to the Fibonacci tool, the market will fall to the low of $21.70.


You can purchase crypto coins here: Buy Coins

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

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.

Polkadot (DOT) Is Stuck Below $46 As Price Fluctuates Between $38 And $44

Updated:

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

Polkadot (DOT) Price Long-term Trend: Ranging
For the past week, DOT price has been in a sideways move after its rejection at the $46 high. Today, the Polkadot is in a downward correction as price fluctuates between levels $38 and $44. In the previous week, buyers pushed the DOT price to the high of $46 but were resisted. DOT price pulled back and retested the recent high. There was a bearish reaction as the altcoin plunged to $38 low. Today, the crypto fluctuated between the range-bound levels. A retest at $46 overhead resistance is possible if price breaks above the minor resistance at $44.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
DOT price is above the 21-day SMA and the 50-day SMA which indicates a possible rise in price. The altcoin is at level 57 of the Relative Strength Index period 14. DOT is in the uptrend zone and capable of rising.


Polkadot (DOT) Medium-term Trend: Bullish
On the 4-hour chart, the altcoin is in a consolidation. On April 3 uptrend; a retraced candle body tested the 61.8% retracement level. This retracement indicates that DOT is likely to rise to level 1.618 Fibonacci extension or the high of $58.44.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is below the 80% range of the daily stochastic. It is in a bearish momentum. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

General Outlook for Polkadot (DOT)
Polkadot (DOT) is range-bound as price faces rejection at level $46. DOT price is expected to resume upward. According to Fibonacci tool, DOT will rise to $58.25 high if the $46 resistance is breached.

You can purchase crypto coins here: Buy Coins  



Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

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.

Polkadot (DOT) Breaks Resistance At $40, Resumes Uptrend

Updated:

Key Resistance Levels: $40, $42, $44
Key Support Levels: $30,$28,$26

Polkadot (DOT) Price Long-term Trend: Bullish
On April 2, buyers pushed DOT price above the $40 resistance. The altcoin rallied to $46.74 high but was resisted. With this breakout, the crypto has broken the range movement of February 20. However, for the past 48 hours, the coin fell to the previous low above $40 and it is resuming upward. The upward move is facing another rejection at the $42 high. Buyers are currently defending the $40 support level. On the upside, if buyers clear the $42 resistance, the market will rally above $53 high. Conversely, if the bears break the $40 support, DOT will fall into the range-bound zone. Perhaps the coin will retest the previous low at $28.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. DOT has risen to level 57 of the Relative Strength Index period 14. DOT is in the uptrend zone and above the centerline 50.

Polkadot (DOT) Medium-term Trend: Bullish
On the 4-hour chart, the altcoin is making an upward move. DOT price broke the $40 resistance but retraced back to the $40 support. Meanwhile, on April 3 uptrend, a retraced candle body tested the 61.8% retracement level. This retracement indicates that DOT is likely to rise to level 1.618 Fibonacci extension or the high of $58.32.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is above the 80% range of the daily stochastic. The stochastic bands are sloping downward. It indicates that DOT is in the overbought region. Sellers are likely to emerge in the overbought region. The SMAs are sloping upward indicating the uptrend.

General Outlook for Polkadot (DOT)
Polkadot (DOT) price is likely to trend upward if bulls clear the resistance at $42. The crypto’s price is above the 21-day and 50-day SMAs which indicates a possible rise of the coin.

You can purchase crypto coins here: Buy Coins



Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

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.

Polkadot (DOT) Price Retests the $40 Overhead Resistance, May Continue Sideways Move

Updated:

Key Resistance Levels: $40, $42, $44
Key Support Levels: $30,$28,$26

Polkadot (DOT) Price Long-term Trend: Ranging
For the past week, the DOT price has been rising towards the $40 overhead resistance. Today, the brief uptrend has reached bullish exhaustion. The overhead resistance is resisting a further upward move. The crypto will eventually fall because of the resistance at the recent high. This has been the price action since February 20. Each time the coin is repelled the market will fall to the lower range. DOT/USD price is fluctuating between $28 and $40. Polkadot will trend if buyers breach the $40 overhead resistance. The sideways trend will continue if the overhead resistance remained unbroken.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
The 21-day SMA and the 50-day SMA are sloping horizontally. The crypto’s price is above the SMAs which indicates a possible rise in price. DOT has risen to level 55 of the Relative Strength Index period 14. DOT is in the uptrend and is capable of rising on the upside.

Polkadot (DOT) Medium-term Trend: Bullish
On the 4-hour chart, the altcoin is in an upward move. The Fibonacci tool has indicated an upward movement of the coin. On March 31 uptrend; a retraced candle body tested the 61.8% retracement level. This retracement indicates that DOT is likely to rise to level 1.618 Fibonacci extension or the high of $41.16.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is above the 80% range of the daily stochastic. It indicates that the pair is in the overbought region. Sellers are likely to emerge in the overbought region. The SMAs are sloping upward indicating the uptrend.

General Outlook for Polkadot (DOT)
Polkadot (DOT) price is still range-bound between levels $28 and $40. The upward move is doubtful because of the resistance at $40. More so, DOT price is in the overbought region of the market. The crypto is likely to fall based on the price action.

You can purchase crypto coins here: Buy Coins 

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

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.

Polkadot (DOT) Breaks $28 Support Level, May Resume the Uptrend

Updated:

Key Resistance Levels: $40, $42, $44
Key Support Levels: $30,$28,$26

Polkadot (DOT) Price Long-term Trend: Ranging
On March 20, DOT attempted to breach the $40 resistance but were repelled. Consequently, the bears push the crypto to $28 low. This resulted in breaking the lower price range. The recent support is holding as bulls buy the dips. This is a bullish signal for range-bound traders who can initiate long trades at the lower price range. This trade can be exited near the resistance zone. Nevertheless, if the bulls face rejection at the resistance zone, a short trade can also be initiated. This can be closed near the support zone. This trading can be done consistently until the coin resumes trending.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
The 21-day SMA and the 50-day SMA are sloping horizontally. DOT is fallen to level 40 of the Relative Strength Index period 14. This indicates that the pair is in the downtrend zone. It is likely to fall as it is in the bullish trend zone.

Polkadot (DOT) Medium-term Trend: Bearish
On the 4-hour chart, the altcoin is in a downward move. The crypto has already fallen to the $28 low. The Fibonacci tool has indicated a further downward movement of price if the current support is breached. On March 24 downtrend, the crypto dropped to $28. The retraced candle body tested the 78.6% retracement level. This indicates that DOT is likely to fall to level 1.272 Fibonacci extension or the low of $25.92.

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 pair is in a bullish momentum. The SMAs are sloping southward indicating the downtrend.

General Outlook for Polkadot (DOT)
Polkadot (DOT) has fallen to the lower price range. If the support holds, the range-bound movement will resume. DOT is trading at $30.68 at the time of writing. From every indication the range-bound movement will continue as there are bullish signals.

You can purchase crypto coins here: Buy Coins

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

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.

Polkadot (DOT) Is Range Bound Between $28 and $40, a Breakout or Breakdown Is Imminent

Updated:

Key Resistance Levels: $40, $42, $44
Key Support Levels: $30,$28,$26

Polkadot (DOT) Price Long-term Trend: Ranging
For the past month, DOT has been in range-bound movement because of rejection at the recent high. The cryptocurrency is facing rejection at the $40 high. The crypto is fluctuating between $28 and $40. DOT will resume an uptrend if the $40 overhead resistance is breached. Conversely, if the bears break the $28 support, the market will decline to $16 low. Meanwhile, the coin is likely to rise, if the crypto’s price is sustained above the moving averages.

DOT – Daily Chart

Daily Chart Indicators Reading:
The 21-day SMA and the 50-day SMA are sloping upward indicating the previous upward. Dot price may rise as it is above the SMAs. DOT is at level 54 of the Relative Strength Index period 14. This indicates that the pair is in the uptrend zone and it is capable of rising on the upside.

Polkadot (DOT) Medium-term Trend: Ranging
On the 4-hour chart, the altcoin has resumed a range bound movement between $32 and $38. Since February 20, the price has been fluctuating between the range-bound level. A range-bound trader can initiate a short order at the resistance level and exit near the support. Similarly, a long order can be initiated at the support, while you exit close to the résistance zone. Presently, the price is in the middle of the chart.

DOT – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is below the 80% range of the daily stochastic. It indicates that the pair is in a bearish momentum. The SMAs are sloping horizontally indicating the sideways trend.

General Outlook for Polkadot (DOT)
Polkadot (DOT) is yet a trend as crypto continues its range-bound movement. The coin may soon encounter a price breakout or breakdown. The bulls will be on advantage if the price is sustained above the moving averages.

You can purchase crypto coins here: Buy Coins

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

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.