- Polkadot performed consolidated on Monday’s trading session
- Polkadot current price is $18.25, which is up by 0.41% in last 24 hour time frame and is 4.81% up from the previous week
- DOT/BTC pair is negative with a loss of 1.57% in Monday’s trading session (0.00054863)
Polkadot consolidated on weekly chart, and it went up to $19.32 on January 16, 2021, while breaking above the resistance zones created in the past. Polkadot current price set a mark of all-time high with help of overall market conditions. The DOT/ETH pair is in a downtrend with a value of 0.86% in Monday’s trading session (0.012826).
Polkadot Technical Chart Indicates a Sideways Momentum
The technical chart of Polkadot highlights a sideways trend due to the overall market conditions on Monday’s trading session. Polkadot current price is $18.25, with a resistance zone of $19.34, following the support zone of $15.20. Diving into the weekly chart of a 15-minute time frame, it forms a downside gap three methods candlestick pattern, indicating the bears have overwhelmed the bulls and are now in control.
The Volume indicator of value (145.884K) reflects a low selling volume in coin with the overall market’s help. One can further see an increase in buying volume in the next few trading sessions.
MACD indicator (Neutral), no bearish or bullish crossover signal line is spotted on January 25, 2021, during the trading session, it indicates a neutral signal in the coin. Also, it denotes no red or green bars on Histogram.
Meanwhile, the RSI indicator (Neutral) with a value of 52 indicates a neutral signal in the coin. One cannot observe any bullish or bearish sign on RSI, so the trend remains unclear.
Conclusion
Polkadot current price is up by 0.41% on Monday’s trading session. The price has been consolidating for past few days. All technical indicators reflect a neutral sign in the coin, and the trend remains unclear for Monday’s trading session.
Resistance: $19.34
Support: $15.20
