Polkadot (DOT) Price Long-term Trend: Ranging
Polkadot’s (DOT) price has been trading below the moving average lines, but to its prior low of $3.00. The cryptocurrency trades above the $3.60 support level but below the moving average lines. The moving average lines have hampered the increasing trend. The altcoin is gradually reverting to its previous price of $3.43.
On the other hand, the DOT price would drop to $3.00 if the bears broke the current support at $3.43. The altrcoin is now worth $3.78 as of this writing.
Technical indicators:
Key Resistance Levels: $10, $12, $14
Key Support Levels: $5, $3, $1
Polkadot Indicator Analysis
The price bars are located below the horizontal moving average lines. The cryptocurrency has returned to the market’s oversold territory. The extended candlestick tails at the bottom suggest significant selling pressure.
General Outlook for Polkadot (DOT)
Polkadot’s price has returned to its prior low of $3.00. Although it is currently below the $3.90 resistance, the altcoin is above the $3.60 support. If the current support level holds, the DOT price will restart its upward trend. Meanwhile, the cryptocurrency signal is range-bound as Doji candlesticks appear.
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
