Select Page

DOT Price Analysis: Polkadot (DOT) Jumps 40% off Weekly Lows, Here Are Important Levels to Watch

DOT Price Analysis: Polkadot (DOT) Jumps 40% off Weekly Lows, Here Are Important Levels to Watch
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

-DOT pushes 40% off weekly low
-DOT Price is still stuck within a descending channel
-200MA has continued to act as resistance

Polkadot Price Overview

Polkadot has been flat the last few days as prices have stalled near important resistance. The overall cryptocurrency market has pushed very strong off lows, a type of revival not seen in months. Over the last year, DOT has earned a spot in the top 10 cryptocurrencies by market cap. As long as BTC continues in a bullish manner, DOT should push back near the $20 mark.

For the past two months, DOT price has been trading within a descending channel formation (shown in blue). Each trend of this channel has been very important to price action as it continuously has gotten rejected. Just over the past week, Polkadot has been trying to reach this top trend. DOT Price has been getting stopped at a major resistance of $14.72.

Once bulls clear this mark, price will likely push to major resistance zone of $16.30-$17.26.

DOT Price Analysis: DOTUSDT Live 4 Hr Chart

DOT Price Analysis
DOT Price Analysis

In the case bulls fail to break & hold this resistance, DOT price will likely fall to major support of $13.00. The next major support will be found at around $11.00. We have to keep in mind that the 200MA has continuously acted as resistance for over 2 months. This will be a large barrier DOT must tackle for prices to be in much safer waters.

  • RSI: While looking at the RSI, we can see that strength has formed a bull flag right below the overbought territory. This is a bullish sign that bulls have strength for another push. The RSI must break above the 70 line to experience a rally.
  • MACD: The MACD is not telling much as it has been going sideways for some time. This indicates a larger move is on the horizon.

Polkadot Intraday Analysis

  • Spot rate: $14.50
  • Trend: Bullish
  • Volatility: Medium
  • Support: $13.03
  • Resistance: $14.68

The post DOT Price Analysis: Polkadot (DOT) Jumps 40% off Weekly Lows, Here Are Important Levels to Watch appeared first on Coingape.


Source: Coingape


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now

Don't forget to share your review/suggestions for android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own here


Select Sub Category


All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber

Recent Comments