POLKADOT PRICE ANALYSIS & PREDICTION (October 12) – DOT Post 3% Gains Amid Slight Recovery, Remains In A Range

2024-10-12 09:07

This month’s crackdown has subjected DOT to a serious loss, but it appeared to have taken a breath amid the current market recovery. It is climbing back but buying pressure seems low at the moment.

Dot’s overall market outlook remains bearish on a long-term scale. But it seemed to be footing a bullish move as the price traded well above the key $3.5 level since August.

However, the price is still trapped in a tight range since it was subjected to a sideways trend months back. While gathering momentum for a big move, the trend is likely to change anytime soon.

Meanwhile, during last month’s increase, it attempted a break out of its range-bound but after rejecting the descending trendline that served as resistance for six months.

This led to a monthly crackdown and the price rolled back into the $3.9 range this week. It has increased briefly from this low range level to where it is currently priced at around $4.1. We can expect more increase if this low range holds firmly.

An increase above this resistance line should confirm a breakout before rallying up. From a technical standpoint, the market is still in favour of the bears. A drop below August’s low could facilitate another dip.

DOT’s Key Levels To Watch Source: Tradingview

As buying pressure is still low, the closest level to watch for an increase is $4.5, where the resistance line lies. If the price flips through it, the next level for a test is $5, $6 and $6.6 respectively.

If the bears step back, a pull below the $4 support could facilitate more dip to the $3.59 level (August’s low) before navigating $3.

Key Resistance Levels: $5, $6, $6.6

Key Support Levels: $4, $3.59, $3

Spot Price: $4.15 Trend: Bearish Volatility: Low

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 »

Recovery Right Tokens (RRT) 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
Доступно / Всего 0 RRT

amid dot recovery taken breath low moment

Источник: nulltx.com

amid dot → Результатов: 34


Фото:

Polkadot price struggles amid bearish momentum: key levels to watch

Polkadot (DOT) is currently navigating a period of heightened volatility, as the cryptocurrency finds itself at a critical juncture in its price action. After showing signs of recovery from its multi-year low, Polkadot’s bullish momentum has weakened, with renewed bearish pressure steering its price toward the key support level of $3.5. The asset, once trading […]

2024-9-13 19:17


Polkadot: Can DOT dare to dream of bull run amid growing investor interest in the blockchain?  

Crypto and blockchain projects that have healthy long-term potential tend to attract a lot of investors. A Messari report revealed that Polkadot [DOT] currently attracts the blockchain project that atThe post Polkadot: Can DOT dare to dream of bull run amid growing investor interest in the blockchain?   appeared first on AMBCrypto.

2022-6-27 23:30


Фото:

Altcoin Explorer: How Polkadot (DOT) Is Leading the Blockchain Interoperability Race

Amid the rapidly maturing decentralized finance (DeFi) space within the larger cryptocurrency industry, one major smart-contract platform has caught the attention of everyone – Polkadot (DOT). In this Altcoin Explorer, we explore in detail the Polkadot ecosystem and attempt to determine if this promising blockchain project has what it takes to propel blockchain technology intoRead MoreRead More.

2020-11-7 18:45


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.