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Cryptopolitan 2021-09-20 05:16:31

Polkadot price analysis: DOT/USD expected to hit $35 in the next 24 hours

TL;DR Breakdown Polkadot price analysis is bearish for next week.DOT/USD retraced to $32 overnight.DOT has lost its momentum this week. On the five-day Polkadot price analysis chart, the coin traded in a range of between $30-$33. Suggesting moderate activities have been taking place during the five-day trading sessions. In addition, the 20-day Moving Average crossed over the 50-day Moving Average, implying that the coin was bullish at the time. However, the long-term MA did not cross over the short-term Moving Average, meaning that the buyers took control of the market in most trading sessions.  On the daily price analysis, the Bollinger band is very wide, indicating the coin is highly volatile despite trading a bearish trend. The currency has been trading in a range of intraday lows of $31 and the highest of the day, $34. This should make investors keen enough as one can lose his money or record high gains. High volatility best suites swing traders, buying the coin when the price is down and selling them after it has spiked. Polkadot price movement in the last 24 hours: Polkadot attempting to break out of $34 into $36 In the last 24 hours, Polkadot (DOT) has fluctuated between $33.6 and $34.91, indicating low volatility over that period. Volumes have decreased by 22.93 percent to $1.37 billion, while the overall market capitalization is around $32.2 billion, putting it at position 9th place overall. Source: Coin360 Bit...

Disclaimer : All crypto price forecasts provided on our website are only for general information. The content should not considered as financial advice, legal advice or any other form of advice meant for your investment. Conduct your own research before investing in any cryptocurrency. Trading is a highly risky business, please consult with your financial advisor before making any decision.