Polkadot (DOT) Hits The Brakes At $7.34 After Brief Recovery
Polkadot (DOT) price shows that the coin has finally latched on to its support zone. Polkadot price analysis looks extremely bearish DOT/USD resistance at $7.79 DOT/USD support at $7.05 The bulls did a clap back and were able to rebound as DOT dodged further downtrend that falls below $7.22 and instead went for a range upwards or shooting towards $7.42. ADA showed some recovery but provided the necessary support for the coin’s price. With the prevailing intense selling pressure in the market, a downtrend was apparent for ADA that has been lingering for more than a....
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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....
Polkadot price has steadied itself above the $8 price mark. The coin seems to be extending the price recovery as DOT looks at moving past its next price ceiling. It also formed a bullish pattern on its daily chart. The cup and handle pattern that Polkadot has been forming for the past two months indicate that the bulls were strong in the market. The cup and handle pattern usually indicates a bullish continuation of price. Over the past week, Polkadot price surged over 24% marking strong recovery. DOT has been among the highest gainer within the top 10 cryptocurrencies based on market cap.....
EGLD, Elrond Network’s native coin, was able to break free from a falling wedge pattern during an uptrend seen on August 20. According to CoinMarketCap, EGLD is up by 0.77% or trading at $53.58 as of this writing. It can be remembered that EGLD had a stirring bull run last month that has propelled the coin to a spike of 16%. However, since then, the coin has had a massive double-digit decline this August. EGLD apparently treads the same direction with major crypto Bitcoin that has experienced the extreme downswing that affected the crypto market this month. An extrication spotted at a....
The crypto market has seen over today’s trading session as large cryptocurrencies retrace as much as 20% during the weekend. The near term seems likely to trend to the downside, at least until the end of the week, according to a group of experts. Related Reading: Polkadot (DOT) Hits The Brakes At $7.34 After Brief Recovery At the time of writing, the crypto total market broke below the $1 trillion mark and could re-test support at $920 billion. Macro conditions seem to be pushing down risk assets, such as cryptocurrencies and equities, In a market update shared with NewsBTC, Matt Weller,....
Polkadot price had touched the $8 price level before the bulls lost steam and fell on the one-day chart. DOT travelled 3.6% lower in the last 24 hours on its chart. Over the past week, DOT had gained some value, but most of that was nullified at press time. The Polkadot price was making a recovery over the last two days as it had declined before that. Buyers had stepped in during the recovery period. At the time of writing, however, buyers had exited the market again. The technical outlook for the coin was bearish, with sellers taking over the market. The support zone for Polkadot price....