Polkadot Price Analysis: Bearish Forces Continue To Melt Price? Polkadot Price Analysis: Bearish Forces Continue To Melt Price?
Plokadot was exchanging close to $4.05 losing 2.43% a day.
The RSI and 14 day SMA line showcased a bearish crossover indicating sellers' domination in the near term.
Despite a strong recovery and improving sentiments in the crypto sec
Polkadot (DOT)Polkadot (DOT)
Polkadot crypto surged nearly 10.1% this week and made its way in the top 10 weekly gainers. The price took a rebound from a psychological $5.5 level and surged higher. At the time of writing, DOT crypto was trading close to $6.128 indicating a swift 0.92% rise in intraday.
The long
f the demand for the DOT remains highThe Polkadot (DOT) crypto has shown a spectacular run from the $4.5 base to the $11.8 roof, where it failed to break it and ended up in a contracted wedge. The deterioration in the wedge led the price to fall to resistance turned support level of $5.50.
Thereon, the DOT crypto has revealed a sign o
the resurgence continuesAt press time, the Polkadiot price structure was bullish and has risen above the 20-day EMA, and approaching 50-day EMA to cut from below. The price has also been backed by bullish indicators, as the MACD shows a bullish cross and the RSI above the median line at 54.25.
Therefore, if the resurgence
Polkadot Consolidates, What Can We Expect Next?The price of Polkadot (DOT) has remained relatively stable in recent days. Looking at the price chart below, DOT has been trading within the range of its support at $6.80 and resistance at $7.50 for the past few days.
As of now, the price has not demonstrated any significant gains or losses. Whethe
The Polkadot crypto is poised for a spectacular rallyThe DOT crypto is experiencing a surge of 1.62% in the last 24 hours, trading at $11.56.
The Polkadot crypto is poised for a spectacular rally, as it prepares to smash the resistance level and soar to new heights from the current support zone.
However, if the demand for the DOT remains high, the a
Top 4 coins which have outperformed BTCBitcoin has increased by almost 48.97% in the year 2023. Let us have a look at the top 5 coins (based on market cap) which have outperformed BTC (we have not considered meme coins for our analysis).
1.Cardano (ADA)
YTD(%): 61.63
Price is currently moving within a range (0.385-0.421).
25% upside mo
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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