POLKADOT PRICE ANALYSIS & PREDICTION (February 16) – DOT Volatility Increases Following Latest Buying Pressure, Bigger Moves Ahead? 

2024-2-17 15:00

Polkadot, DOT is up 11% in the past week following a steady recovery from a month’s low. After struggling with volatility in the past few days, it took a brief break and initiated a fresh surge this week. 

Since the price bounced off $6 last month, DOT has been on the rise and has shown no signs of stopping buying pressure at the time of writing. It broke higher this week and reached a new monthly high of $7.7 today. 

While it continues to show signs of strength, we may see a full recovery of last month’s losses before the end of this month, which could position the market for a mid-term bullish breakout. 

The current daily candle pattern reveals that buying volume is currently high. Once the volatility expands, we can expect a quick price movement with a bigger candle formation in no time. A surge through the last December high could validate a mid-term bullish rally. 

However, it is important to note that the trading landscape has changed to the upside on the higher timeframe. A drop below last month’s low would confirm another leg down. 

But with the positive sentiments surrounding this market of recent, there’s no room for bearish actions at the time of writing.

DOT Key Levels To Watch Source: Tradingview

Now that DOT is facing up again, the closest resistance level to keep in mind right now is $7.85. If the price increases above this level, the next buying target would be $8.58 and $9.6. 

The recently flipped resistance is now standing as a weekly support. A drop below this support could cause a drawdown to the $7 and $6.6 levels. The support to watch below this level lies at $6.

Key Resistance Levels: $7.85, $8.58, $9.6

Key Support Levels: $7.3, $6.6, $6

Spot Price: $7.6 Trend: Bullish Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: valedol/123RF // Image Effects by Colorcinch

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Inverse Bitcoin Volatility Token (IBVOL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 8561.89 (-100%)

following polkadot past week volatility dot days

Источник: nulltx.com

following polkadot → Результатов: 126


How to best use crowdloans on Polkadot and Acala Network with Dan Reecer

If you’ve been following the crypto markets for a hot minute, you’d notice two trends that immediately stand out from the thousands of niches within the already obscure space—one, of memecoins like Shiba Inu and their unexplained rise, and two, the technically astound advances (read: parachains) made on blockchain networks like Polkadot and Kusama.

2021-10-28 22:00


Crypto-margin trading platform Evolve lists LINK, DOGE, SOL, BNB & DOT

Evolve Markets, a bitcoin and cryptocurrency denominated margin trading platform, today announced it has added five new crypto trading markets with the listing of LINK, DOGE, SOL, BNB, and DOT. The following markets are now listed in the crypto orderbook on Evolve Markets: Chainlink (LINK-USD) Dogecoin (DOGE-USD) Solana (SOL-USD) Binance (BNB-USD) Polkadot (DOT-USD) Trading Specifications […] The post Crypto-margin trading platform Evolve lists LINK, DOGE, SOL, BNB & DOT appeared first on CryptoNinjas.

2021-10-13 00:02


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

How soon can Polkadot break $6? A Look at DOT's recent market moves

DOT has shown classic signs of a healthy, growth-driven retracement.  However, patience may get tested before a breakout materializes. Polkadot [DOT] has mirrored the broader market’s reThe post How soon can Polkadot break $6? A Look at DOT's recent market moves appeared first on AMBCrypto.

Polkadot [DOT] traders can use THIS strategy to navigate DOT’s downturn

Polkadot continued its long-term downtrend and hovered around its multi-yearly lows For DOT to regain a bullish outlook, it must find a decisive close above the 20-day and 50-day EMAs PolkadThe post Polkadot [DOT] traders can use THIS strategy to navigate DOT’s downturn appeared first on AMBCrypto.

Mixed signals in DOT market: What's next for Polkadot prices?

DOT's price faces a key threshold; if it can break through the current supply level, a rally could follow. Technical indicators are sending mixed signals—some suggest a bullish shift, while oThe post Mixed signals in DOT market: What's next for Polkadot prices? appeared first on AMBCrypto.

Polkadot price prediction: 2024 and beyond

Polkadot (DOT) is down almost 92% from its all-time high. However, the layer zero blockchain network may still bounce back as its market cap is standing at over $5 billion, at the time of writing.  Read on to learn more…

Can Polkadot [DOT] break $5 after its falling wedge breakout?

Polkadot’s breakout from the falling wedge signals potential trend reversal, with $5 as key resistance. Whale activity shows confidence, while balanced liquidations suggest cautious optimism The post Can Polkadot [DOT] break $5 after its falling wedge breakout? appeared first on AMBCrypto.