I-Polkadot (DOT) ifikelela kwi-Bearish Exhaustion, enokuthi ibuyele kwi-12.43 yeedola

UAzeez Mustapha

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I-Polka dot (DOT) Ixabiso Ixesha elide Trend: Bearish
IPolkadot's (DOT) price has resumed selling pressure as bears broke the previous low at level $13.09. The altcoin has fallen to level $12.26 but may reach the low of $9. The market is showing signs of reversal of the current trend. DOT/USD is capable of reaching the target price of $9.59. Meanwhile, the daily price indicators have shown that the DOT price has reached bearish exhaustion. Polkadot has reached the oversold region of the market. The crypto may not have enough room to rally on the downsides. The crypto is trading at $12.26 at the time of writing.

I-DOT / USD -Itshathi yansuku zonke

Ukutsalwa kwezalathi zemihla ngemihla:
The altcoin is at level 31 of the Relative Strength Index period 14. It indicates that the crypto is in the downtrend zone and below the centerline 50. The 21-day and the 50-day SMAs are sloping southward indicating the downtrend. The price bars are below the moving averages which suggests further downside.

IPolkadot (DOT) yeXesha eliPhakathi leTrend: Ukuthwala
On the 4 hour chart, the altcoin was fluctuating between $15 and $17 before the resumption of a downward move. The bears broke the lower price range and retested the $14 high before resuming the downtrend. Meanwhile, on July 13 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOT price will fall to level 1.272 Fibonacci extensions or level $12.43 and reverse. From the price action, the altcoin has tested the Fibonacci level. The crypto is expected to reverse to 78.6% Fibonacci retracement level where it originated.

I-DOT / USD -4 Itshathi yeYure

Isalathisi seeyure ezingama-4 Ukufunda
I-crypto ingaphantsi kwe-20% yoluhlu lwe-stochastic yemihla ngemihla. Ibonisa ukuba ixabiso liwele kummandla othengisiweyo. Abathengi kulindeleke ukuba bathathe ulawulo lwamaxabiso. I-SMA yeentsuku ze-21 kunye ne-50-day SMA zihla zinyuka zibonisa ukuhla.

Umbono gabalala wePolkadot (DOT)
The altcoin has reached bearish exhaustion. The crypto is testing 1.272 Fibonacci extensions or level $12.43. There is the likelihood of price reversal. However, the reversal will not be immediate.


Unokuthenga iingqekembe ze-crypto apha. Thenga amathokheni



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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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