Polkadot At $9.30, But Is There A Chance Of Slight Shift In Trend?
2022年6月4日 - 01:00PM
NEWSBTC
Polkadot has been noting fall in price over the past few days.
Although the coin has been laterally trading, there has been
continuous dips in the price. Over the last 24 hours, DOT fell by
4.2% and in the last week the coin brought home minor gains.
Broader market weakness can be attributed to most altcoins either
trading sideways or moving downtrend. The coin broke below its
crucial support of $14 and ever since that Polkadot has been moving
south. Buying strength also automatically faded from the market as
the bears took over the price action. Despite the bears
strengthening, DOT continued to attempt moving on the upside but
the coin was met with selling pressure each time. The bulls just
need to push the price a little above the $9.60 mark after which
the buyers could attempt to re-enter the market. This could bring
in some relief to the altcoin’s price. Polkadot Price Analysis: One
Day Chart DOT was trading at $9.30 on the one day chart. Polkadot
was mostly consolidating but was trying to break past the same
every now and then. Bears have gotten stronger as buying strength
has fallen. A fall below the $9.30 price mark will cause the coin
to rest on the $8.71 support line. This would mean DOT would touch
the price level of August, 2021 again. Overhead resistance for the
coin stood at $10 and a push above the same will make the altcoin
trade near the $11.87 price mark. The volume of the coin traded had
fallen and was seen in red. This indicated that the bulls had
weakened at press time. Technical Analysis DOT noted a consistent
increase in buying strength as seen on the Relative Strength Index.
There has been an uptrend on the RSI. At press time, the coin
displayed fall in buying strength as the indicator captured a
downtick signifying increase in selling pressure. In regards to DOT
registering a shift in price action, the price pf the asset was
seen slightly above the 20-SMA line. This meant that buyers were
slowly gathering momentum and that the sellers might not continue
to drive the price momentum in the market. Related Reading |
Polkadot Surged Over 4%, What Are The Technicals Indicating? DOT
flashed a buy signal which amounts to the coin displaying a
possible change in the price action. Moving Average Convergence
Divergence depicts the price momentum, and it indicated
bullishness. MACD portrayed green signal bars which are tied to a
buy signal. Bollinger Bands that indicate price volatility showed
narrowing of the bands. If the bands become narrowed it means that
price volatility is about to drop. A drop in the same means lesser
price fluctuations. DOT can try to rise above the given immediate
resistance if the buying strength increases in the market over the
immediate trading sessions. Related Reading | Bitcoin NUL Suggests
More Downside To Come Before The Bottom
Polkadot (COIN:DOTUSD)
過去 株価チャート
から 2 2024 まで 3 2024
Polkadot (COIN:DOTUSD)
過去 株価チャート
から 3 2023 まで 3 2024