Polkadot Watch: Will DOT Succumb To Sharp Sell-off In Next Few Days?
2022年9月9日 - 12:23AM
NEWSBTC
The native token of Polkadot has dropped significantly in
the last few days. The fate of DOT rests in the hands of its
traders and investors as the correction period in crypto markets
drags on. Based on recent price actions, some are predicting that
DOT coin prices will fall to the $6 per coin support level. Some
analysts believe sellers have the upper hand as the 20-day
exponential moving average ($7.38) is curving down and the relative
strength index (RSI) is in the negative zone. The key support for
the DOT/USDT pair is at $6 if the bears lose their grip, and
the price drops below $6.79. Interestingly, as of this writing,
Polkadot (DOT) is trading at $7.11, up 1.3% in the last seven days,
data from CoinMarketCap show. Related Reading: Polkadot (DOT) Hits
The Brakes At $7.34 After Brief Recovery Polkadot Bulls Try To
Stand Their Ground It is expected that the bulls will defend this
territory vigorously, according to market experts. After reaching
its apex earlier this year, the market has been steadily declining
ever since. However, current market data suggests that the bulls
have been engaged in a grueling struggle. Some of the top 100 coins
have had a good week in the market, according to Coingecko’s most
recent data. DOT is one of these coins with an excellent seven-day
performance of 3.4%. This has been a pivotal moment in the recent
market activity of the crypto. The coin’s 1-day price movement has
been robust, but this may be a temporary reprieve for DOT.
Recent coin analysis has demonstrated that the market is currently
bearish. Polkadot Aims To Create New Support Line Other price
analysis indicates that a potential price bump may be a better
selling point for investors than an indication that the market is
recovering. With updated market data, however, this may no longer
be the case. DOT bulls have maintained a tenacious defense near the
$7.3 resistance zone. Since the price broke through the lower range
of resistance at $7.11, Polkadot has maintained its position and is
attempting to establish a new support line at $7.11. This could
become a battlefront for bulls and bears. Recent price appreciation
may indicate a strengthening bullish position. But as doubt hovers
on the horizon, the battle between bears and bulls persists.
Related Reading: Litecoin (LTC) Near-Term Route Could Be Determined
By This Factor DOT total market cap at $8 billion on the daily
chart | Source: TradingView.com Featured image from VOI.id, chart
from TradingView.com
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