POLKADOT PRICE ANALYSIS & PREDICTION (March 23) – DOT Signals Fresh Buy, But Trading Volume Appears Low 

2024-3-24 22:25

While some altcoins are relatively recovering in the past 24 hours, Polkadot, DOT is yet to show signs of strength as it stuck under a minor resistance. However, it has formed a bullish pattern on the lower timeframe, but volatility currently appears low.

The recent correction in Polkadot’s price appeared to have come a halt following the latest increase across the market. 

Although, the crypto is still trading in a downward range on the daily chart; but the trend appeared to be shifting the 4-hour chart after forming a bullish (double-bottom) pattern. 

This pattern came after establishing support above $8.5 lev in the mid-week. The bulls are already poised for fresh gains but buying volume look insufficient at the moment. A push above the $9.6 level should confirm a buy on the 4-hour chart. 

On the daily chart, there are no major obstacles for the bulls until they reach the current monthly high. Breaking through it would trigger more gains and at the same time confirm a continuation from a mid-term perspective. 

In case of another dip, the key level to watch for a crackdown is the recently printed low. Losing it could trigger a bigger sell-off in the future. Currently, trading volatility is a bit low. We can expect a notable surge when the volatility expands.

DOT’s Key Levels To Watch Source: Tradingview

While it is yet to confirm a buy on the daily chart, the key resistance level to watch in the latest increase is $10. Looking ahead, the $10.65 and $11.3 levels are the next resistance to watch before recovering fully to $11.87. 

DOT is currently supported by the $8.58 level on the daily chart. A drop below it could active another selling to $7.85 and potentially $7.3.

Key Resistance Levels: $9.6, $10, $10.65

Key Support Levels: $8.58, $7.85, $7.3

Spot Price: $9.16 Trend: Bearish 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 »

Dotcoin (DOT) на Currencies.ru

$ 0.0055765 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0055765 - H: $0.0055765
Капитализация $1.74m Rank 99999
Доступно / Всего 312.018m DOT / 890m DOT

low polkadot dot appears strength timeframe stuck

low polkadot → Результатов: 38


Завершился девятый парачейн-аукцион Polkadot. Победил проект HydraDX

Протокол для кроссчейн-свопов HydraDX победил в аукционе за девятый слот парачейна Polkadot. Пользователи заблокировали в его поддержку свыше 2,46 млн DOT общей стоимостью $50,65 млн. Big news: The multi-headed liquidity monster has won @Polkadot parachain auction #9 The HydraDX team is humbled by your continuous support which gives us the confidence to finish implementing the #OmnipoolTrade many assets in a single pool with deep liquidity and low slippage- hydraDX (@hydra_dx) February 10, 2022 Слот для HydraDX разыгран в рамках второго раунда парачейн-аукционов Polkadot.

2022-2-11 15:52


ETHA Lend implementing Chainlink Keepers to automate yield harvesting on Ethereum

ETHA Lend, a composable DeFi yield optimizer built on Ethereum and Polkadot, announced today that it will integrate Chainlink Keepers on Ethereum to automate key protocol functions. Chainlink Keepers uses decentralized off-computation to monitor predefined events to auto-trigger on-chain actions when they are found to occur — all in a low cost, highly reliable, and […] The post ETHA Lend implementing Chainlink Keepers to automate yield harvesting on Ethereum appeared first on CryptoNinjas.

2021-8-25 20:03