Polkadot Price Analysis: DOT retests $15 resistance, prepares to reverse?

For each part of the movie industry, we have to do more: write our scripts, act in plays, become directors, actors, models, photographers, and designers. We have to take all of the knowledge that we learned in class and put it into practice in order to get better and better results.

This text is sensitive. Try generating new copy.

For each part of the movie industry, we have to do more: write our scripts, act in plays, become directors, actors, models, photographers, and designers. We have to take all of the knowledge that we learned in class and put it into practice in order to get better and better results.

TL;DR Summary

  • Yesterday, DOT made a comeback.
  • Today, polkadot reached a new high of $15.
  • Over the next 24 hours, DOT/USD is expected to revert.

Today’s Polkadot price analysis is bearish, as another attempt to rise over the $15 level was greeted with rejection. As a result, we may expect DOT/USD to reverse later today and test the nearest support around $13.6.

Heat map of cryptocurrencies. Coin360 is the source of this information.

Over the past 24 hours, the entire market has traded with mixed outcomes. Bitcoin and Ethereum, the market leaders, are marginally higher, up 0.45 percent and 0.14 percent, respectively. Ripple (XRP) is one among the poorest performers, now trading at a loss of approximately 4.6 percent.

Polkadot price trend during the past 24 hours: Polkadot is rallying back around $15.

Over the past 24 hours, DOT/USD has traded in a range of $1.26 to $1.32, showing moderate volatility. The overall trading volume has dropped by 13.4% to $1.7 billion. Meanwhile, the entire market value of the cryptocurrency is approximately $40.9 billion, putting it in fifth position worldwide.

DOT/USD 4-hour chart: Is the DOT on the verge of reversing?

The Polkadot price is refusing additional upward on the 4-hour chart as bears ready to push to the negative later today.

Polkadot Price Analysis: DOT retests $15 resistance, prepares to reverse?4-hour DOT/USD chart. TradingView is the source of this information.

Polkadot price movement has been trading in a strong positive trend over the past several days, after a sharp drop below the $10.5 level early this month. DOT/USD has lost more over 40% of its value during the previous downswing, with a positive retracement now reclaiming the majority of it.

The $15 mark has previously served as a strong support level. Polkadot pricing approached to retest its prior support as resistance earlier this week, suggesting that a reversal may be in the works.

Because the entire market is trading with strong negative momentum, DOT/USD is expected to follow the overall trend and launch another wave to the lower. As a result, we anticipate Polkadot to experience a lot more decline in the next weeks as long as the $15 barrier is not broken.

Conclusion on the Polkadot Price Analysis 

The $15 barrier is retested for the second time, with a rejection for additional upward, according to Polkadot price analysis. As a result, we anticipate DOT/USD retracing later today and testing the $13.5 support level.

While you wait for the price of Polkadot to drop, check out our information on Bitcoin costs, DeFi benefits, and what you can do with Bitcoin.

Disclaimer: The material on this website is not intended to be trading advice, and.com assumes no responsibility for any investments made as a result of the information on this page. Before making any financial choices, we highly advise doing independent research and/or consulting with a competent expert.

This text is sensitive. Try generating new copy.. Read more about qkc usdt tradingview and let us know what you think.

Related Tags

This article broadly covered the following related topics:

  • algorand price analysis
  • coinstats security
  • how to update coinstats portfolio
  • coinstats withdrawal
  • crypto portfolio tracker

Latest News

What is GATE? How Do You Buy GATE?

Can I use credit card on gate io? Gate.io's Support Center Users may buy digital currencies using US dollars (USD), Euros (EUR), and British pounds...

What is Juventus Fan Token? How Do You Buy JUV?

Similarly, What is Juventus fan token? The Juventus Fan Token (JUV) is a utility token that uses the Socios application and services to provide Juventus...

What is RING X PLATFORM? How Do You Buy RINGX?

But then this question also arises, Is hamster coin on Coinbase? Coinbase does not support BABY WHITE HAMSTER. What platform does Coinbase use? Coinbase customers may trade...

What is Metaverse ETP? How Do You Buy ETP?

What is metaverse ETP? On the Metaverse blockchain network, Metaverse ETP is utilized to value or collateralize smart contracts. It's also used to pay for...

Related articles