DOT has been very bearish since November 2021. The coin formed a peak at $55 before the market set in for a consistent decline in price. The market has dropped by 88% since a significant high was formed in November.
Critical Demand Zones: $6.50 & $6.00
Critical Supply Zones: $8.00 &$ 9.50
MA20: $7.30
MA50: $7.80
MA100: $7.50
MA 200: $11.50
Technical Analysis
The Daily Chart
The months of July and August had a significant move against the overall bearish trend. The price moved from $6.00 in mid-July to $9.50 in mid-August.
The market has fallen by 30% since the high formed in August. DOT has momentarily swerved above the 100 and 50-day moving averages since the year started.
The trend-line that supported the bullish motion during July and August has broken. The price has found a support level at $6.50. The bearish pressure is expected to push through the support level.
Liquidity is resting at a lower price of $6.00. This is likely to be a magnet on price.
The DOT/BTC Chart
Critical Supply Zones: 0.000480, 0.000400
Critical Demand Zones: 0.000280, 0.000300
The DOT/BTC chart is also bearish, like the DOT/USD. DOT has been ranging after the bearish displacement from 0.000480 to 0.000280. 
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