Polkadot Varies as It Falls Below the $5.20 High
Login

Polkadot Varies as It Falls Below the $5.20 High

Estimated Reading Time: 2 minutes

Azeez Mustapha

Updated:

Key Resistance Levels: $10, $12, $14
Key Support Levels: $5, $3,$1

Polkadot (DOT) Price Long-term Trend: Bullish
Polkadot (DOT) price has been stable above the moving average lines as it falls below the $5.20 high. The advent of Doji candlesticks has kept the price slow. The altcoin’s increasing trend is questionable. The bears are aiming to breach below the 21-day SMA today.

If the bears break below the moving average lines, the downtrend will resume. The altcoin will fall and return to its prior low of $4.74. Polkadot will be forced to make a range-bound move if it falls between the moving average lines. Meanwhile, the DOT price has fallen below the 21-day SMA but remains above the 50-day SMA.

At the time of writing, the altcoin is trading at $5.11.

Polkadot Varies as It Falls Below the $5.20 High
DOT/USD – Daily Chart

Daily Chart Indicators Reading:
Polkadot has fallen until it reaches a Relative Strength Index level of 50 for period 14. The altcoin has reached its equilibrium price level as a result of the retracement. Demand and supply are likely to balance out. Because the altcoin is currently between the moving average lines, it may vary within the price range.

The DOT price is currently trading below the daily Stochastic threshold of 20. The market has reached oversold territory. The current downturn may come to an end.

General Outlook for Polkadot (DOT)
Polkadot faces rejection at the recent high as it falls below the $5.20 high. The coin has declaimed and is currently trading above the current support level of $5.00. Further declines are unlikely as the market approaches oversold territory.

Polkadot Varies as It Falls Below the $5.20 High
DOT/USD – 4 hour Chart

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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News