The price of Polkadot (DOT) has made impressive moves as the altcoin attempts to break above the $34 resistance zone. In the last 48 hours, buyers have retested the $34 level in an attempt to break it.
The market will rally above $38 if the current resistance level is broken. However, if it is rejected, DOT will fall and resume its downward movement. Meanwhile, DOT/USD has fallen sharply to a low of $30.50 at press time. Buyers could not sustain the bullish momentum above the $34 resistance level.
Analiza indicatorului Polkadot
The DOT price has fallen between the 21-day and 50-day lines SMA. The altcoin will face selling pressure again if the price falls below the 50-day line SMA. DOT is at the 48 level of the Relative Strength Index for period 14, indicating that it is now in the downtrend zone and below the 50 midline. The altcoin is below the 80% range of the daily stochastic. This means that the cryptocurrency is now trading in the downtrend zone.
Tehnice de indicatori:
Niveluri majore de rezistență - 48 USD și 52 USD
Niveluri majore de asistență - 28 USD și 24 USD
Care este următoarea direcție pentru Polkadot?
DOT/USD is in a downtrend. Yesterday, altcoin completed an impressive move as it retested resistance at $34. According to the Fibonacci tool, the current uptrend will end at the 1.272 Fibonacci extension or $34.03. The price action shows that Polkadot has resumed its downward movement. The altcoin has reversed at the $33.20 price instead of the $34 high.
Declinare de responsabilitate. Această analiză și prognoză sunt opiniile personale ale autorului și nu reprezintă o recomandare pentru cumpărarea sau vânzarea de criptomonede și nu ar trebui privite ca o aprobare de către CoinIdol. Cititorii ar trebui să facă cercetările înainte de a investi fonduri.
