Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot’s (DOT) price is consolidating above its $1.20 bottom price, having reached a low of $1.10. The cryptocurrency price is trading above the $1.20 support level but below the moving averages. The price movement has remained stationary for the past 48 hours due to the formation of Doji candlesticks. The upward movement has been limited by the $1.40 barrier.
Today, the cryptocurrency price is consolidating above the $1.20 support. On the downside, if the bears break below the $1.20 support, the DOT price would fall to $1.10 and $1.00. Meanwhile, Polkadot remains at the bottom of its chart. The DOT price is currently about $1.28.
Key Resistance Levels: $10, $12,$14
Key Support Levels: $5, $3, $1
Polkadot Indicator Analysis
The cryptocurrency price is represented by Doji candlesticks that consolidate below the downward-sloping moving average lines. The DOT price has entered the oversold territory of the market. The price bars are below the 21-day SMA barrier, as bulls and bears compete for price control at the recent high on the 4-hour chart.
General Outlook for Polkadot (DOT)
Polkadot is falling below the moving average lines, but it is trading above its $1.20 bottom price. The altcoin’s price has remained stable above the $1.20 support as it consolidates. On the 4-hour chart, the altcoin is trading sideways above the $1.20 support but below the moving average lines. The cryptocurrency price is prone to either breaking down or rising above the current support because it trades in a narrow range.
Make money without lifting your fingers: Start using a world-class auto trading solution.
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment.
- 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
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
