- DOT coin price is currently seeing a strong correction and can soon test the lower support in the future. It has seen a loss of more than 8% in the past 24 hours.
- Technical indicators of Polkadot hints towards a bearish trend in price and can soon test the lower level. In contrast, the DOT/BTC pair has seen a loss of more than 2% in the past 24 hours.
DOT crypto price is currently observing a downside trend and can soon test the next support in the future. Polkadot’s price is currently trading near the value of $42 and has seen a loss of more than 8%. The downside momentum of an asset can push the price to a lower level. The upside momentum of an asset can face resistance near the value of $50. DOT/BTC pair can also observe a strong upside trend and can see a new high. One can invest in DOT according to their needs and risk capacity
Polkadot market dominance along with the market cap can soon test the lower levels.. . The volume to market capitalization ratio for DOT hints towards a downside momentum for the future. The volume of the asset can also see a strong surge and can see a new high
Bears Of DOT May Push The Price To A Lower Level
The weekly technical chart of the Polkadot hints towards consolidation in the price for the future. On the daily chart, the coin price is seeing a downside move and can soon see a reversal in the future. The price of the DOT is trading above 50 and 100 Daily Moving Average, with an upcoming positive crossover. The asset price can soon test below the 50MA and can see a new low. DOT prices may test the lower level in the upcoming days. Meanwhile, the asset can see a bounceback near $30.
Polkadot price upside trend of an asset can see a hostility near $60. Meanwhile, the volume of the asset can see a new surge in the future. If the price of the coin jumps over $60 then a rally can be seen. The DOT/BTC pair can see a new high in the future in the upcoming days.
Conclusion
DOT coin price is seeing a strong correction and can soon test the lower levels. DOT/BTC pair can see a new high in the upcoming days. Investor should do their due diligence before investing.
Technical Levels
Major Support:$30
Major Resistance:$60