Polkadot Hits Crucial Support at $4.00 as Buyers Emerge
Login

Polkadot Hits Crucial Support at $4.00 as Buyers Emerge

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Key Resistance Levels: $10, $12,$14
Key Support Levels: $5, $3,$1

Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot (DOT) prices have passed the bottom price level as they hit crucial support at $4.00. On September 11, the altcoin fell to a low of $3.91. The coin has returned above $4.00 and has begun to consolidate above it. The crypto asset’s upward movement has been stifled by the resistance at $4.30, resulting in a drop below the current support.

The price range has been restricted between $4.00 and $4.30. According to the price behavior, the DOT/USD should have dropped and reversed at $4.00. The market is currently trading above the $4.00 support level.

Polkadot Hits Crucial Support at $4.00 as Buyers Emerge
DOT/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot has declined further, reaching level 24 of the Relative Strength Index for period 14. The current drop has pushed the altcoin into the market’s oversold zone. The current price fall has hit its bearish limit. The daily Stochastic has already signaled that the market is oversold.

Buyers are emerging to drive up prices. It is higher than the daily Stochastic level of 25.

General Outlook for Polkadot (DOT)
The cryptocurrency asset has entered the market’s oversold zone as it hits crucial support at $4.00 . Price signs point to a likely reversal above the $4.00 support level. Meanwhile, assuming the current support holds, the market will move between $4.00 and $4.30.

Polkadot Hits Crucial Support at $4.00 as Buyers Emerge
DOT/USD – 4 hour Chart

You can purchase crypto coins 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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News