Polkadot At $9.30, But Is There A Chance Of Slight Shift In Trend?
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....
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Polkadot’s DeFi ecosystem is expanding, but will its interoperability prove to be the Ethereum-killer? The Polkadot blockchain platform only launched its mainnet in May, but it is already pushing to become a major competitive force in the sector. In late August, following a DOT token redenomination, Polkadot smashed into the top 10 cryptocurrencies, overtaking established altcoins such as EOS, Litecoin (LTC) and others. Kelvin Koh from Asian crypto fund Spartan Black previously said that Polkadot could rank in the top three blockchains. Elsewhere, Dan Morehead from Pantera Capital....
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.....
As the price drops to $7.55, the Polkadot (DOT) price analysis suggests that the trend is still bearish. Polkadot price analysis reveals a downward trend DOT/USD has looked for support at roughly $7.49 DOT/USD is encountering resistance at $7.74 Previously trading at about $7.74, Polkadot is now looking for support at about $7.49. The price of DOT/USD is still facing resistance at $7.74, but if it drops below $7.49, it might find support at $7.32. and $7.05. If it declines below that, it might find support there. Around these levels, Polkadot might feel some selling pressure, but if it....
The price of Polkadot has been trading sideways within a narrow range of $5.7 to $6.6 in recent days, with a slight uptick of only 0.7% in the past 24 hours indicating consolidation. The weekly chart shows a decline of 1.7%, and the technical outlook is bearish with decreasing demand and accumulation. Although buying pressure is still present above the $6.10 mark, the ongoing consolidation has caused a decline in buyers’ confidence. If buyers fail to act soon, Polkadot could drop below its current price level and reach its local support level. Similar to Polkadot, other altcoins have....