Polkadot (DOT) Price Long-term Trend: Bullish
Polkadot’s (DOT) price has continued its upward trend as it holds above $9.50. On March 14, the DOT price surged to $11.85, but was rebuffed. The cryptocurrency price has retraced above the 21-day moving average line, or the break-out level of $9.58.
If the cryptocurrency price remains above the moving average lines, the altcoin will resume its upward trend. DOT prices will rise and return to the prior high of $11.50. On the other hand, if the DOT price falls below the 21-day SMA, it may fall above the 50-day SMA, or $8.50 low.
Polkadot is now worth $10.12 at the time of writing.
Daily Chart Indicators Reading:
Following the rejection at the recent high, the cryptocurrency price bars are now above the moving average lines. If the price bars remain above the moving average lines, the cryptocurrency asset will begin its upward trend.
The price bars are holding as bulls purchased dips at the $9.21 low. The cryptocurrency’s support line is the 21-day simple moving average (SMA).
General Outlook for Polkadot (DOT)
Polkadot is trading above the moving average lines as it holds above $9.50. This suggests that cryptocurrency may be on the increase. The upward trend will restart if the altcoin remains above the moving average lines. Since December 26, 2023, the altcoin has traded above the breakout level of $9.58.
You can purchase Lucky Block here. Buy LBLOCK
Note: Learn2.Trade 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
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.