Polkadot (DOT) Fluctuates in a Tight Range, Poises for a Price Rebound

Updated:

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

Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot’s (DOT) price has been in a downtrend as it poises for a price rebound. The selling pressure has subsided as price reaches the low of $23 . Today, cryptocurrency has resumed a sideways trend. Buyers have made frantic efforts to push DOT prices to the previous highs. The upward correction has been facing rejection at the $32 high. The recent rejection was at the $30 high where price fell to the low of $24 low. DOT/USD has been fluctuating above $24 and $25 price levels. . Polkadot will resume up trending if price breaks above the $32 resistance and the bullish momentum is sustained. The current support has been holding since December 4.

Polkadot (DOT) Fluctuates in a Tight Range, Poises for a Price Rebound
DOT/USD – Daily Chart

Daily Chart Indicators Reading:
The crypto’s price is below the moving averages which implies that the altcoin is likely to fall. The altcoin has fallen to level 38 of the Relative Strength Index for period 14. The market is in the downtrend zone but it is approaching the oversold region of the market.


Polkadot (DOT) Medium-term Trend: Bullish
The altcoin is in a downward move. Meanwhile, on November 28 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 $25.88. DOT price is hovering above the Fibonacci extension.

Polkadot (DOT) Fluctuates in a Tight Range, Poises for a Price Rebound
DOT/USD – Daily Chart

4-hour Chart Indicators Reading
The crypto is below the 20% area of the daily stochastic. It indicates the altcoin has reached the oversold region of the market. Selling pressure is likely to end. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Polkadot (DOT)
DOT/USD downward move has subsided as it poises for a price rebound. The crypto has resumed consolidation above the $24 support. DOT/USD will be out of downward correction if price breaks above the $32 resistance and the bullish momentum is sustained. Otherwise, the altcoin will be fluctuating between $24 and $32.

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Polkadot (DOT) Fluctuates Above $27 Support, May Resume Uptrend

Updated:

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

Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot’s (DOT) price is still in a downtrend but may resume uptrend. The price is above the 21-day line SMA but below the 50-day line SMA. If the 21-day line support holds, the DOT price will resume fluctuation between the moving averages. The altcoin is in a bullish momentum. A retest at the $32 resistance is likely as the support holds. On the upside, if buyers push the altcoin above the moving averages, it will signal the resumption of the uptrend. On the other hand, if the bears break below the $27 support, the market will decline to the low of $23.50.

Polkadot (DOT) Fluctuates Above $27 Support, May Resume Uptrend
DOT/USD – Daily Chart

Daily Chart Indicators Reading:
The crypto is at level 45 of the Relative Strength Index for period 14. Polkadot is still in the downtrend zone but below the centerline 50. DOT’s price is above the 21-day line moving average but below the 50-day line moving average. The moving averages are sloping southward indicating the downtrend.

Polkadot (DOT) Medium-term Trend: Ranging
Polkadot is in a downtrend but the market is correcting upward. DOT price is approaching the 21-day line moving average. Meanwhile, on December 29 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement suggests that DOT will fall but will reverse at level 1.272 Fibonacci extensions or $25.63.

Polkadot (DOT) Fluctuates Above $27 Support, May Resume Uptrend
DOT/USD – Daily Chart

4-hour Chart Indicators Reading
Polkadot is above 40% area of the daily stochastic. DOT price is expected to rise. The 21-day line and the 50-day line moving averages are sloping downward.

.General Outlook for Polkadot (DOT)
DOT/USD is fluctuating above the $27 support but may resume uptrend. A retest at the $32 high is likely. The upside momentum will resume if the bullish momentum is extended above the $40 high.

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Polkadot (DOT) Is in an Uptrend, Faces Rejection at $29

Updated:

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

Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot’s (DOT) price has reached bearish exhaustion as it faces rejection at $29. The altcoin has rebounded above the previous low at $23.50. The downtrend is presumed to be over as price breaks above the 21-day moving average. The current uptrend will be accelerated if the DOT price breaks above the 50-day line moving average. Meanwhile, Polkadot has continued to rise to the upside. The cryptocurrency will resume upside momentum if buyers push the altcoin above the 50-day line moving average. In other words, buyers will have to keep the price above the $40 high. The bullish momentum will extend to the previous high of $55. Meanwhile, DOT/USD is trading at $29.33 at press time.

Polkadot (DOT) Is in an Uptrend, Faces Rejection at $29
DOT/USD – Daily Chart

Daily Chart Indicators Reading:
DOT price is at level 48 of the Relative Strength Index for period 14. It indicates that the altcoin is still in the downtrend zone and below the centerline 50. DOT’s price is above the 21-day line moving average and below the 50-day line moving average.

Polkadot (DOT) Medium-term Trend: Ranging
On the 4–hour chart, the cryptocurrency is in an uptrend but the altcoin has reached the overbought region of the market. Meanwhile, on December 23 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement suggests that DOT will rise but will reverse at level 1.272 Fibonacci extension or $29.29.

Polkadot (DOT)Is in an Uptrend, Faces Rejection at $29
DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is above 80% area of the daily stochastic. It indicates that the market has reached the overbought region of the market. Sellers will emerge to push prices downward.DOT price may decline to the downside.


.General Outlook for Polkadot (DOT)
DOT/USD has recovered from the downtrend as it faces rejection at $29. The current support is holding as the altcoin rebounds. However, the current uptrend is likely to be short-lived as the market reaches the overbought region of the market.

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Polkadot (DOT) Fluctuates in a Range as Sellers Attempt to Break Current Support

Updated:

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

Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot’s (DOT) price is hovering above the $25 price level. The cryptocurrency has been fluctuating above the current support at $23.95. During the December 4 price slump, the bears retested the current support twice but failed to sink the altcoin. Also, the bulls bought the dips as buyers pushed the altcoin upward. The upward correction was interrupted twice on December 7 and 9 as the crypto fell and resumed the range-bound move. Polkadot has already fallen to the oversold region on December 4. Therefore, a further downward move is unlikely. Buyers are expected to emerge in the oversold region.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot is at level 33 of the Relative Strength Index period 14. The market is in the downtrend zone and below the centerline 50. The crypto’s price bars are below the moving averages which indicate a further downward move. The altcoin will rise if price breaks above the moving averages.


Polkadot (DOT) Medium-term Trend: Ranging
On the 4-hour chart, Polkadot is in a range-bound move. The cryptocurrency is fluctuating between $24 and $30 price levels. Polkadot will resume trending when price breaks the range-bound levels. For instance, if price breaks the $30 resistance and the bullish momentum is sustained, the uptrend will resume.

DOT/USD – 4 hour

4-hour Chart Indicators Reading
DOT price is above the 25% area of the daily stochastic indicating a bullish momentum. The altcoin is rising after falling to the lower price range. The 21-day SMA and the 50-day SMA are sloping southward indicating the downtrend.

General Outlook for Polkadot (DOT)
DOT/USD is now in a range-bound move. The bearish trend has subsided above the $23.95 support. The altcoin will resume an uptrend if price rebounds above the current support.


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Polkadot (DOT) Rebounds above $26 Low, Targets $45 Price Level

Updated:

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

Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot’s (DOT) price has fallen to $26 low as the altcoin rebounds above the current support. The $26 support is the historical price level of September 28. In September, the altcoin rebounded above the current support to reach the previous highs. Today, the market has reached the oversold region. The downward movement prices are likely to subside. There are bullish candlesticks above the current support indicting a possible upward move of the altcoin. Meanwhile, DOT/USD is trading at $27.78 at the time of writing.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
The cryptocurrency is at level 32 of the Relative Strength Index period 14. The market is rising but the altcoin is in the downtrend zone and below the centerline 50. The crypto’s price bars are below the moving averages which indicate a further downward move.

Polkadot (DOT) Medium-term Trend: Bearish
Polkadot is in a downward correction. The altcoin is making an upward move above the current support. Meanwhile, on November 28 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOT price will fall but reverse at level 1.272 Fibonacci extensions or $25.74.

DOT/USD – Daily Chart

Daily Chart Indicators Reading
The crypto is above the 25% area of the daily stochastic indicating a bullish momentum. The stochastic bands are sloping horizontally above the current support. The 21-day SMA and the 50-day SMA are sloping southward indicating the downtrend.

General Outlook for Polkadot (DOT)
P0lkdot has resumed upward move. The altcoin has been hovering above the $26 support for some time. The market is likely to hold above the current support. The candlestick has indicated strong buying pressure above the current support

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Polkadot (DOT) Declines, Faces Rejection at $38 Resistance

Updated:

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

Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot’s (DOT) price is in a downward move as the altcoin declines to the oversold region of the market. As the altcoin fell to the low of $32, the bulls bought the dips. The upward correction terminated at the high of $38. DOT/USD is now in a downward correction as price fluctuates between $32 and $38. DOT price will resume upward if price breaks above the $38 high or above the moving averages. On the other hand, the selling pressure will resume, if price breaks below the $32 support.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
The cryptocurrency is at level 41 of the Relative Strength Index period 14. The altcoin is in the downtrend zone and below the centerline 50. It is falling while trading in the downtrend zone. The crypto’s price bars are below the moving average which indicates a further downward move.

Polkadot (DOT) Medium-term Trend: Bearish
Polkadot has reached bearish exhaustion as it fluctuates between $32 and $38. Meanwhile, on November 18 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOT price will fall but reverse at level 1.272 Fibonacci extensions or $32.50.

DOT/USD – 4 hour

4-hour Chart Indicators Reading
The crypto is above the 30% area of the daily stochastic indicating a bullish momentum. The altcoin has a bearish crossover. That is, the 21-day SMA crosses below the 50-day SMA indicating a sell signal.

General Outlook for Polkadot (DOT)
Polkadot’s (DOT) has rebounded above the $32.50 support. The candlestick is displaying a long tail pointing to the current support. The long tail indicates that the current support is a strong buying pressure. Besides, the market has fallen below the 20% range of the daily stochastic.


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

Updated:

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

Updated:

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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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) 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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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

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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.


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
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  • The Lowest Trading Costs
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  • Award-winning Cryptocurrency trading platform
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Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
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$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
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$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.