Polkadot Reverts to Its Prior Low of $3.00

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.

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