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

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

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.

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Polkadot (DOT) Breaks $40 Resistance, Poises for a Trending Move

Polkadot (DOT) Breaks $40 Resistance, Poises for a Trending Move

Key Resistance Levels: $60, $62, $64
Key Support Levels: $40,$38,$36
Polkadot (DOT) Price Long-term Trend: Ranging
Polkadot (DOT) price is falling on the downside after buyers retested the $40 0verhead resistance. Buyers have retested the overhead resistance severally and broken above it. However, the bulls could not sustain the bullish momentum above the overhead resistance because of the presence of sellers. A rally to $60 is likely if buyers breach the overhead resistance. Otherwise, the range-bound movement will persist. DOT price is retracing and if it finds support above the moving averages, the upward move will resume.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
DOT price is above the moving averages despite the retracement. The upward moves will continue as long as price is above the SMAs. The altcoin is at level 57 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 Daily chart, the altcoin has resumed a sideways move below the overhead resistance. On April 4 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that DOT is likely to rise to level 1.618 Fibonacci extension or the high of $57.77.

DOT/USD – Daily Chart

4-hour Chart Indicators Reading
The altcoin is above the 80% range of the daily stochastic. DOT price is approaching 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)
According to the price indicator, Polkadot (DOT) is likely to move up on the upside. From the price action, the coin has been range-bound below the overhead resistance for three months. Today, buyers are retesting the resistance for a possible upward move.


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Polkadot (DOT) Recovers Above The $28 Support, Poises For Upward Move Soon

Polkadot (DOT) Recovers Above The $28 Support, Poises For Upward Move Soon

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

Polkadot (DOT) Price Long-term Trend: Ranging
Since April 24, DOT price fell to the $28 support as the altcoin resumed upward. The recent fall was caused by a rejection from the high of $48. The bottom line is that since Polkadot attained its price level at $40, the upward move becomes impossible. The coin was compelled to trade below the $40 resistance. On April 5 and 17, buyers push DOT price above the $40 high but the bullish momentum was repelled. Today, Polkadot is rising to retest the $40 resistance. The sideways move will continue until the $40 resistance is convincingly breached.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
DOT/USD has risen to level 50 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day SMA and the 50-day SMA are sloping horizontally since February 22 when the coin resumed a range-bound movement.

Polkadot (DOT) Medium-term Trend: Bullish
On the 4-hour chart, the altcoin has resumed an upward move. On April 28 uptrend; a retraced candle body tested the 78.6% retracement level. This retracement indicates that DOT is likely to rise to level 1.272 Fibonacci extension or the high of $37. DOT is rising and approaching the Fibonacci 1.272 extension which will spark off the reversal.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is above the 80% range of the daily stochastic. DOT price is approaching the overbought region of the market. Presently, DOT price has a bullish crossover. The 21-day SMA crosses over the 50-day SMA which gives a buy signal.

General Outlook for Polkadot (DOT)
Polkadot (DOT) has resumed an upward move after recovering above the $28 support. The altcoin is struggling to sustain above the $40 resistance. Previous attempts to sustain above $40 high have failed. Meanwhile, DOT has a target price of $58.23 if the current resistance is breached.


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

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

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.


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

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

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.

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

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

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.

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

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

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.

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

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

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.

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Polkadot (DOT) Is in a Sideways Trend, Fluctuates Between $36 and $38

Polkadot (DOT) Is in a Sideways Trend, Fluctuates Between $36 and $38

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

Polkadot (DOT) Price Long-term Trend: Ranging
DOT price is presently stuck below $38 for the past two days. The coin is now fluctuating between $36 and $38. Buyers were able to push the crypto to the high of $40 but could not sustain the uptrend. The price was repelled after reaching the overbought region. Presently, the price is falling toward the lower price range. If it breaks below $36 support; it will further decline to $34 low. However, if the $36 support holds, the crypto will continue its range bound movement between $36 and $38.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
The 21-day SMA and the 50-day SMA are sloping upward indicating upward. However, the market is presently in a sideways move. DOT is at level 60 of the Relative Strength Index period 14. This indicates that the pair is in the uptrend zone and above the centerline 50.

Polkadot (DOT) Medium-term Trend: Bearish
On the 4-hour chart, the pair rose to $40 high but was resisted. DOT fell to a $36 low and resumed a sideways trend. On March 11 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 or the low of $34.95 and reverse.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is currently below the 40% range of the daily stochastic. It indicates that the pair is in a bearish momentum. The SMAs are sloping upward indicating the uptrend.

General Outlook for Polkadot (DOT)
Polkadot (DOT) is presently consolidating between $36 and $38. According to the Fibonacci tool, the market will further decline to 1.272 Fibonacci extension or the low of $34.95. Thereafter, the cryptocurrency may resume upward.

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Polkadot (DOT) Hovers above $32 Support, May Resume Upward

Polkadot (DOT) Hovers above $32 Support, May Resume Upward

Key Resistance Levels: $35, $37.50, $40
Key Support Levels: $25,$22.50,$20

Polkadot (DOT) Price Long-term Trend: Bearish
Presently, Polkadot is in an uptrend. In the first uptrend, the coin was resisted at $40 and it retraced to $30 low. Buyers pushed the coin upward for the second time and were repelled at the resistance zone. The crypto is likely to find support above the 21-day SMA. On February 20, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOT will rise to reach level 2.0 Fibonacci extension or the high $61.21.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
The 21-day SMA and the 50-day SMAs are sloping upward indicating upward. DOT is at level 56 of the Relative Strength Index period 14. This indicates that the pair is in the uptrend zone and above the centerline 50.

Polkadot (DOT) Medium-term Trend: Bearish
On the 30-mins chart, the pair is in a downward move. The coin fell to $32 low and corrected upward. The upward correction was short-lived as the crypto resumes downward. Nonetheless, if the coin falls and breaks below $32, the selling pressure will persist. On March 5 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that DOT will fall to level 1.618 Fibonacci extension or the low of $30.05 and reverse. From the price action, DOT is hovering above $32 support for a possible reversal.

DOT/USD – 30-Mins Hour Chart

4-hour Chart Indicators Reading
The altcoin is currently below the 30% range of the daily stochastic. It indicates that the pair is in a bearish momentum. The SMAs are sloping downward indicating a downtrend.

General Outlook for Polkadot (DOT)
Polkadot (DOT) is still retracing after the second rejection from the resistance zone at $40. The upward movement will resume if DOT finds support either above $32 or $30. At the same time, the bulls have to break the $40 overhead resistance. According to the Fibonacci tool, DOT has a target price of $61, if the current resistance is breached.


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