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

17 September 2021 | Updated: 17 September 2021

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

Polkadot (DOT) Price Long-term Trend: Bullish
Polkadot’s (DOT) price 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.

You can purchase crypto coins here. Buy Tokens

Note: Learn2Trade 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) Declines as Bulls Fail to overcome $30 high

11 September 2021 | Updated: 11 September 2021

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

You can purchase crypto coins here. Buy Tokens

Note: Learn2Trade 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 the Overbought Region, Faces Rejection at $34

4 September 2021 | Updated: 4 September 2021

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

Polkadot (DOT) Price Long-term Trend: Bullish
Polkadot (DOT) has rallied to $34 resistance zone but could not sustain `above it. On September 1, buyers retested the resistance level buy were repelled. For the past three days, DOT price has been struggling below the resistance level. Further upward move is unlikely as Polkadot reaches the overbought region. Meanwhile, on August 21 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the DOT price will rise but reverse to1.272 Fibonacci extension or level $34.10.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
DOT price is at level 71 of the Relative Strength Index period 14. The altcoin has reached the overbought region of the market. The DOT price is above the 80% range of the daily stochastic. Also, the stochastic has indicated an overbought condition of the coin. The 21-day and 50-day SMAs are sloping upward indicating the trend.

Polkadot (DOT) Medium-term Trend: Bullish
On the 4-hour chart, Polkadot has resumed upward move. Buyers broke the resistance at $32.Meanwhile, on the August 31 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOT will rise to level 1.272 Fibonacci extension or level $33.88.

DOT/USD – Daily Chart

4-hour Chart Indicators Reading
Polkadot is above the 80% range of the daily stochastic. The crypto is trading in the overbought region of the market. The crypto is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for Polkadot (DOT)
DOT/USD has resumed upward move. The uptrend is facing rejection at the 34 resistance level. The market is expected to fall as sellers emerge in the overbought region . According to the Relative Strength Index, DOT price has no room to rally on the upside .


You can purchase crypto coins here. Buy Tokens

Note: Learn2Trade 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) Faces an Uphill Task as It Struggles Below the $28.50 High

21 August 2021 | Updated: 21 August 2021

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

Polkadot (DOT) Price Long-term Trend: Bullish
Polkadot’s (DOT) price is struggling to break above the resistance at $28.50. A break above the recent high will catapult the crypto to the high of $35. Presently, buyers are attempting to break the recent high convincingly. However, DOT price is trading in the overbought region. If buyers fail to break the recent high, sellers will take advantage to push price downward. Sellers will push the price to the next support level at $24. The uptrend will resume if the $24 support holds, otherwise, the downtrend will continue on the downside.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
The altcoin has risen to level 79 of the Relative Strength Index period 14. The market has reached the overbought region. The crypto is likely to resume selling pressure. Also, the DOT price is above the 80% range of the daily stochastic. It indicates that the market is in the overbought region. The 21-day and 50-day SMAs are sloping upward indicating the trend.

Polkadot (DOT) Medium-term Trend: Bullish
On the 4-hour chart, Polkadot has regained bullish momentum as it breaks above the $28.50. Meanwhile, on the August 17 uptrend, a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that DOT will rise to level 2.618 Fibonacci extension or level $36.02.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
Polkadot is above the 80% range of the daily stochastic. The crypto is in the overbought region. The coin is likely to face rejection in the overbought region. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. Sellers will soon emerge in the overbought region.

General Outlook for Polkadot (DOT)
DOT/USD is rising after the initial resistance at $28.50. The altcoin is expected to reach a high of $35 if the bullish momentum is sustained. However, the overbought condition may not permit the altcoin to rally on the upside as sellers emerged.


You can purchase crypto coins here. Buy Tokens

Note: Learn2Trade 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 Sideways Move, Faces Rejection at $22

13 August 2021 | Updated: 13 August 2021

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

Polkadot (DOT) Price Long-term Trend: Bullish
Polkadot’s (DOT) price is in an uptrend as it reaches the high of $22. The DOT price is making a series of higher highs and higher lows. For the past three days, the bulls have been struggling to break above the resistance level. The current uptrend will continue if price breaks the resistance at $22. A breakout will propel the altcoin to reach the high of $26. Meanwhile, DOT/USD is trading in the overbought region of the market. It is unlikely, the current resistance will be breached.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
The crypto is trading at level 68 of the Relative Strength Index period 14. The coin will reach the overbought region at level 70 of RSI. The implication is that DOT price has no room to rally on the upside. The crypto has a bullish crossover as the 21-day SMA crosses above the 50-day SMA indicating a buy signal. The moving average is sloping upward indicating the uptrend

Polkadot (DOT) Medium-term Trend: Bullish
On the 4 hour chart, the altcoin is in a smooth uptrend. A trend line is drawn showing the support levels of the market. The altcoin has reached the high of $22 but it is facing rejection at the $22 high. DOT price action is characterized by small body candlesticks called Doji and Spinning top. The candlesticks describe the indecision between buyers and sellers.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
Polkadot is below the 80% range of the daily stochastic. The market has reached the overbought region. The coin is likely to face rejection in the overbought region. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. Sellers will soon emerge in the overbought region.


General Outlook for Polkadot (DOT)
DOT/USD is likely to resume a downward move as it faces rejection at the recent high. If the crypto falls and breaks below the moving averages, the downtrend will resume. The uptrend will resume if price retraces and finds support above the moving averages.

You can purchase crypto coins here. Buy Tokens

Note: Learn2Trade 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 Posts Healthy Bullish Recovery Amid Crypto Market Resurgence

2 August 2021 | Updated: 2 August 2021

The recent resurgence across the crypto market, fueled by Bitcoin, has helped Polkadot (DOT) regain decent bullish ground over the past few sessions. The ninth-largest cryptocurrency gained over 22% over the past week and currently trades at $18.10.

While the overall market sentiment is not completely bullish yet, altcoins have had a better performance streak than Bitcoin and Ethereum over the past few days.

The cryptocurrency industry is getting dragged down by the growing spate of regulatory scrutiny across the globe. Also, the energy-intensive process involved in mining BTC has triggered extra declines for the primary cryptocurrency and the industry.

However, this is where crypto players like Polkadot are making significant impacts, boasting of better energy-efficient transaction procedures than others. Polkadot—touted as the ‘Ethereum killer’—has more use cases than many other digital assets, especially with the impending launch of its parachains that would give its users blockchain interoperability capabilities. DOT has recorded significant gains since the successful parachain auctions on the cryptocurrency’s canary network, Kusama.

Meanwhile, top crypto analyst ‘The Crypto Dog’ forecasts that we could see a rally in Bitcoin in the coming months, which could push DOT by 83% in the near term.

Key Polkadot Levels to Watch — August 2

Following a goodish bounce over the past week, Polkadot peaked at the $20.00 psychological resistance before correcting by more than -10% to $17.60 earlier today. That said, bulls need to facilitate a rebound from the $17.60 support back to the $20.00 area over the coming hours or risk an additional correction to the $16.00 round figure, where our ascending trendline resides.

DOTUSD – 4-Hour Chart

DOT has wandered into overbought market conditions, based on the 4-hour MACD indicator, and needs to cool off soon, further confirming the possibility of a correction to the $16.00 area.

Meanwhile, our resistance levels are at $20.00, $22.00, and $24.00, and our key support levels are at $17.60, $16.40, and $14.00.

Total Market Capitalization: $1.6 trillion

Polkadot Market Capitalization: $17.7 billion

Polkadot Dominance: 1.1%

Market Rank: #9

 

You can purchase crypto coins here: Buy Tokens

  • 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) Resumes Uptrend, Battles the Resistance at $15.24

30 July 2021 | Updated: 30 July 2021

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

Polkadot (DOT) Price Long-term Trend: Bearish
Today, Polkadot’s (DOT) is retracing after facing rejection at the $15.60 resistance. The crypto fell to $14.40 low and resumed an upward move. Since July 26, Polkadot has been facing rejection at the $15.24 resistance. On the upside, if buyers breach the $15.24 high, the market will rise to $17 high. On the other hand, if the DOT/USD faces rejection, the DOT price will continue to fluctuate between $13 and $15.24.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot is at level 50 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day and the 50-day SMAs are sloping southward indicating the downtrend. The price bars are below the moving averages which suggest further downsides.

Polkadot (DOT) Medium-term Trend: Bearish
On the 4 hour chart, the altcoin is making an uptrend. The uptrend is facing rejection as price fell above the 21-day Support. The uptrend is likely to continue if the 21-day SMA support holds.Meanwhile, on July 21 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the DOT price will rise to level 2.0 Fibonacci extensions or level $18.04.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The crypto is below the 50% range of the daily stochastic. It indicates that the altcoin is in a bearish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. The altcoin has a bullish crossover as the 21-day SMA crosses over the 50-day SMA. This indicates a buy signal.

General Outlook for Polkadot (DOT)
DOT/USD is still trading in the bearish trend zone. Presently, crypto has resumed an upward move. The upward move is facing rejection at the 50-day SMA. If price breaks above the 50-day SMA, the crypto will be in the bullish trend zone.



You can purchase crypto coins here. Buy Tokens

Note: Learn2Trade 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) Faces Rejection at $13.50, Revisits Previous Low at $10.36

23 July 2021 | Updated: 23 July 2021

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

Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot’s (DOT) price has broken below the previous low at level $13.09. The altcoin has fallen to another low of $10.36. However, at the recent low, the bulls bought the dips as the market resumed upward. Polkadot price corrected upward to the high of $13.50. The upward move could not continue as the market reached the overbought region. Sellers have emerged as the altcoin resumes selling pressure.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot is at level 41 of the Relative Strength Index period 14. It indicates that the crypto is in the downtrend zone and below the centerline 50. The 21-day and the 50-day SMAs are sloping southward indicating the downtrend. The price bars are below the moving averages which suggests further downside.

Polkadot (DOT) Medium-term Trend: Bearish
On the 4 hour chart, the altcoin is making a brief uptrend. The uptrend reached the high of $13.50 but faced rejection. DOT/USD is now turning from the recent high. Meanwhile, on July 21 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the DOT price will rise but reverse at level 1.272 Fibonacci extensions or level $13.52. From the price action, Polkadot has tested the Fibonacci level and it is reversing.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The crypto is below the 20% range of the daily stochastic. It indicates that price has fallen to the oversold region. Buyers are expected to take control of price. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Polkadot (DOT)
DOT/USD has resumed a downtrend as buyers failed to breach the $13.50 high. The market is likely to fall to retest the low at $10.36.DOT price is likely to retest the previous low at $10.36 and resumed upward.

You can purchase crypto coins here. Buy Tokens

Note: Learn2Trade 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) Reaches Bearish Exhaustion, May Reverse At $12.43 Low

16 July 2021 | Updated: 16 July 2021

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

Polka dot (DOT) Price Long-term Trend: Bearish
Polkadot’s (DOT) price has resumed selling pressure as bears broke the previous low at level $13.09. The altcoin has fallen to level $12.26 but may reach the low of $9. The market is showing signs of reversal of the current trend. DOT/USD is capable of reaching the target price of $9.59. Meanwhile, the daily price indicators have shown that the DOT price has reached bearish exhaustion. Polkadot has reached the oversold region of the market. The crypto may not have enough room to rally on the downsides. The crypto is trading at $12.26 at the time of writing.

DOT/USD -Daily Chart

Daily Chart Indicators Reading:
The altcoin is at level 31 of the Relative Strength Index period 14. It indicates that the crypto is in the downtrend zone and below the centerline 50. The 21-day and the 50-day SMAs are sloping southward indicating the downtrend. The price bars are below the moving averages which suggests further downside.

Polkadot (DOT) Medium-term Trend: Bearish
On the 4 hour chart, the altcoin was fluctuating between $15 and $17 before the resumption of a downward move. The bears broke the lower price range and retested the $14 high before resuming the downtrend. Meanwhile, on July 13 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 level $12.43 and reverse. From the price action, the altcoin has tested the Fibonacci level. The crypto is expected to reverse to 78.6% Fibonacci retracement level where it originated.

DOT/USD -4 Hour Chart

4-hour Chart Indicators Reading
The crypto is below the 20% range of the daily stochastic. It indicates that price has fallen to the oversold region. Buyers are expected to take control of price. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Polkadot (DOT)
The altcoin has reached bearish exhaustion. The crypto is testing 1.272 Fibonacci extensions or level $12.43. There is the likelihood of price reversal. However, the reversal will not be immediate.


You can purchase crypto coins here. Buy Tokens



Note: Learn2Trade 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) Consolidates Above $15 as Sellers Threaten to Short

9 July 2021 | Updated: 9 July 2021

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

Polka dot (DOT) Price Long-term Trend: Bearish
Polkadot (DOT) is still in a downward correction. Today, the bears push DOT price to the low of $14.80 as bulls buy the dips. The upward move was short-lived as bulls were rejected twice at the $15.40 high. As a result of the rejection, the selling pressure has resumed to the downside. Nonetheless, if buyers had pushed the DOT price above $17 and the bullish momentum is sustained, the market would have risen to $21.50 high. The upward move has been repelled. However, if buyers are repelled at the recent high, DOT price is likely to fall to breach the $13 support.

DO/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot is at level 40 of the Relative Strength Index period 14. It indicates that crypto is in the downtrend zone and below the centerline 50. The 21-day and the 50-day SMA are sloping southward indicating the downtrend. The price bars are below the 21-day and the 50-day SMA which suggests further downside.

Polkadot (DOT) Medium-term Trend: Bearish
On the 4 hour chart, the altcoin is in a downward correction. The rejection at the $17.50 resistance made the altcoin fall to the previous low. On July 9 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 level $14.07 and reverse. The crypto will reverse to 78.6% Fibonacci retracement level where it originated.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The crypto is below the 20% range of the daily stochastic. It indicates that price has fallen to the oversold region. Buyers are expected to take control of price. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Polkadot (DOT)
The market has reached bearish exhaustion as the altcoin may reverse. The crypto has been in a downward correction since June 22. According to the Fibonacci tool, the market will reverse at level 1.272 Fibonacci extensions or level $14.07.



You can purchase crypto coins here. Buy Tokens

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.