DOT tests support levels as Polkadot partners with German telecom giant

DOT tests support levels as Polkadot partners with German telecom giant
фото показано с : invezz.com

2022-1-1 17:51

Polkadot (DOT/USD) had attempted to make major bullish gains last week, but this uptrend failed to materialize. The recession happening across the market has disrupted these bullish gains; hence the token is making a downtrend towards lower levels.

Last week, DOT made a major bullish run due to the first parachains launching on the platform. However, now that the news of this launch has died down, DOT is now headed towards a price correction.

DOT testing support levels

Last week marked a major recovery in DOT’s prices. After hitting an all-time high in early November, DOT has been making significant losses, and now it seems like the downtrend could have reached exhaustion, and the token is now recovering.

The token is currently trading at the support level of $28. This is a crucial level for the token because if it fails to hold, the coin could enter another strong bearish mode that could erase the weekly gains.

If it fails to hold $28, the other lower support level lies at $26, which is currently the weekly low for the token. Dips in prices are possible, given the token’s trend over the past few weeks.

On the upside, the broader market is showing slight signs of making a recovery in prices, and this could aid DOT in making another uptrend. If the token gains, it could push towards the resistance level at $30. The gains could also be triggered by buyers coming back into the market after a long recession.

Polkadot signs deal with German Telkom giant

The Polkadot network has also announced entering into a partnership deal with T-Systems MultiMedia Solutions (MMS). Following this deal, Deutsche Telekom, one of the leading telecom companies in Germany, will receive DOT tokens.

The company has not announced the total amount of DOT tokens that it will receive following this deal. However, T-Systems MMS will now be a validator for the Polkadot network, and it will support the secure transmission of messages between independent blockchains running on Polkadot.

The telecom giant company has been keen on boosting independence and decentralization. Therefore, the partnership will enable the company to continue meeting its goals of having a decentralized system. On the other hand, it will also allow Polkadot to support the interoperable system it is creating through the parachains because the independent blockchains that win the slots will easily communicate.

The post DOT tests support levels as Polkadot partners with German telecom giant appeared first on Invezz.

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

bullish gains polkadot dot levels materialize across

Источник: invezz.com

bullish gains → Результатов: 126


Top 5 Metaverse Coins Gaining The Most Price Today

As crypto markets become more and more mainstream, Metaverse coins are taking over with incredible price gains and bullish trends. While today was a relatively slow day for cryptocurrency markets, in this article, we take a look at the top 5 Metaverse coins gaining the most price today, ordered by 24-hour price gained, lowest to […] The post Top 5 Metaverse Coins Gaining The Most Price Today appeared first on NullTX.

2021-12-2 13:38


Top 3 Metaverse Coins Gaining The Most Price Today

As the meme coin hype is starting to slow down, Metaverse and Web3 coins are taking over crypto with incredible price gains and bullish trends. While there are a lot of underrated metaverse coins out there, in this article, we take a look at the top 3 performers today, ordered by percent gained in the […] The post Top 3 Metaverse Coins Gaining The Most Price Today appeared first on NullTX.

2021-12-1 03:49


Фото:

MicroStrategy Rakes In Over $2 Billion From Its Bitcoin Holdings In October

Key takeaways Institutions secure huge ROI following Bitcoin’s bullish October run. MicroStrategy has gained over $2 billion in October alone on its Bitcoin holdings. With the surge in the price of Bitcoin in October, many institutions that invested in the top cryptocurrency have recorded massive gains on their holdings. Worthy of note among them is […]

2021-10-29 21:43


Bitcoin Back To $64K?, Why This Time The Bulls Have The Winning Edge

Bitcoin remains range bound in lower timeframes trading at $54,277. The first cryptocurrency by market cap records almost no gains in the daily chart, but a massive 23. 9% in the 7-day chart. The general sentiment in the market has flipped bullish, as investors seem to be waiting for further appreciation in Q4, 2021, a period that usually works for the bulls.

2021-10-9 21:00


Фото:

Dogecoin Shaves Off $60 Billion In One Month, But DOGE HODLers Are Bullish For These Significant Reasons

At the time of this writing, Dogecoin has garnered gains of 15%, a major recovery from yesterday’s low, although the 7 day losses are still above 33%. The cryptocurrency market turned green at the later part of yesterday, and leading altcoins like Dogecoin followed suit as trading volume climbed up swiftly. Although the asset had […]

2021-6-24 19:41


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

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.

Polkadot mirrors key 2020 pattern: Here's what it means for DOT traders

DOT surged by 3.7% over the past week. Market indicators showed Polkadot was experiencing strong positive market sentiment. Polkadot [DOT] has experienced favorable market conditions over The post Polkadot mirrors key 2020 pattern: Here's what it means for DOT traders appeared first on AMBCrypto.

Mapping Polkadot's future: Is DOT following Fantom's path?

DOT has surged by 6.36% on weekly charts. An analyst eyed a historical surge, citing Fantom's historical pattern. After a sustained decline, Polkadot [DOT] has made a strong back over the paThe post Mapping Polkadot's future: Is DOT following Fantom's path? appeared first on AMBCrypto.