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.
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.
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
- 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.