Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Key Resistance Levels: $10, $12, $14
Key Support Levels: $5, $3,$1
Polkadot (DOT) Price Long-term Trend: Bullish
Polkadot (DOT) price has broken above the barrier level as it struggles to hold above the $5.50 support. The DOT price has already reached a high of $5.70. According to the price indicator, the cryptocurrency will continue to increase to a high of $6.88.
However, the altcoin reached a high of $5.73 on July 14 and was resisted at the current high. A retraced candle body tested the 50% Fibonacci retracement level on July 4 upswing. The retracement shows that DOT will increase to Fibonacci Extension level 2.0, or $6.88.
However, further higher movement of the coin is unlikely as the market approaches overbought territory. Meanwhile, the altcoin is trading above the $5.50 support level.
Daily Chart Indicators Reading:
Following the latest breakthrough, the DOT price is now at Relative Strength Index level 61 for period 14. The recent increase was feasible since the price bars remained above the moving average lines. As a result of its rejection at the recent high, the crypto asset has been trading in the overbought range.
It is in a bearish trend below the daily Stochastic level of 80.
General Outlook for Polkadot (DOT)
Polkadotis is in the bullish trend zone as it struggles to hold above the $5.50 support. However, the overbought condition is restraining the cryptocurrency’s upward growth. If the altcoin retraces above the $5.50 level, the rise may continue. In a strong trending market, the overbought condition may not last.
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
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus