Tag Archives: DOT Analysis

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot. Ethereum (ETH) Ethereum lost its bullish momentum this week and closed it with a 4.4% loss. Sellers took over the price action and pushed this cryptocurrency to the key support at $3,500. However, this pullback could turn out to be a normal retest, considering the massive breakout after the ETF confirmation. As long as buyers hold the price above $3,500, there is no reason to be too...

Polkadot’s price has been consolidating sideways near the critical resistance region around the $6.5 threshold. A slight bullish reversal might occur in the short term due to the potential heightened demand near this pivotal level. Technical Analysis By Shayan The Daily Chart The daily chart shows Polkadot’s bearish momentum faded after reaching the substantial support region of $6.5, an important level in recent months. This pivotal support is accompanied by substantial...

Polkadot buyers were unable to surpass the critical resistance at $7.5, resulting in a significant 7% decline due to increased selling pressure. The cryptocurrency has now reached a decisive support level, and the upcoming price action will be crucial in determining Polkadot’s future trend. Technical Analysis By Shayan The Daily Chart A detailed daily chart analysis reveals that Polkadot buyers failed to reclaim a key resistance zone over several weeks. This zone includes the...

Polkadot faces a significant challenge in reclaiming a decisive resistance region encompassing the $7.5 mark, the 100-day moving average, and critical Fibonacci levels. This resistance range can potentially halt upward pressure in the short term. Technical Analysis By Shayan The Daily Chart A comprehensive daily chart analysis highlights Polkadot’s prolonged struggle to breach a crucial resistance zone over several weeks. This resistance includes: The static resistance level...

Polkadot’s price has been consolidating over the past couple of months, following a steep decline in early April. Yet, things might be changing for the better. Technical Analysis By TradingRage The Daily Chart On the daily chart, the cryptocurrency has been range-bound inside a rising wedge pattern. This is a classical bearish reversal or continuation pattern that would be validated if the price breaks it to the downside. Meanwhile, the market has also been hovering around...

A constant consolidation near the substantial resistance region of $7.4 indicates an ongoing battle between Polkadot buyers and sellers. Nevertheless, the market is in a critical spot, with the upcoming price action shedding light on DOT’s future prospects. Technical Analysis By Shayan The Daily Chart A detailed examination of Polkadot’s daily chart reveals an uncertain market state, as the price has been hovering around a crucial resistance marked by the $7.4 level and the...

Polkadot’s recent price action has been characterized by steady but uncertain movements within a defined range, highlighting a balance between buyers and sellers. However, a decisive breakout from this range is imperative to determine its future trajectory. Technical Analysis By Shayan The Daily Chart On the daily chart, Polkadot has been trapped within a defined range, with the $6 support and the $7.5 resistance serving as significant boundaries. This sideways movement...

Following a bounce from the lower boundary of the current price range at $6.4, Polkadot experienced a surge, reaching the upper threshold, coinciding with a significant resistance area. Consequently, a slight rejection is anticipated, with the price targeting the lower part of the range. Technical Analysis By Shayan The Daily Chart Upon close examination of the daily chart, Polkadot is observed to be moving sideways, oscillating between the notable support level of $6.4 and...

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) Ethereum broke under $3,000 and closes this week with a 5% loss. This latest crash in the price made a lower low which shows bears are still in control of the price action. The current support is at $2,900 and buyers have to protect this level at all costs. If they fail, then the next major support will be found at $2,500. Looking ahead, ETH was quickly rejected at the...

Polkadot’s price has been on the decline for a while now, since reversing to the downside in March, Yet, the market might recover soon. Technical Analysis By TradingRage The Daily Chart On the daily chart, DOT’s price has been making lower highs and lows since being rejected from the $12 resistance level. The $9 mark has also been broken to the downside. The price is currently trading below the 200-day moving average, which is located around $7.2. Yet, it is testing the...