ICOcreed logo ICOcreed logo
ICOcreed logo
Cryptopolitan 2021-09-21 04:57:04

Polkadot Price Analysis: DOT corrects below $30 resistance

TL;DR Breakdown Polkadot price analysis is bullish todayPolkaDot (DOT) has fluctuated in the range of $26 and $29.91we may see a sideways movement in the Polkadot market The Polkadot price forecast is bearish for today, as the market retraced over the last 24 hours after establishing a somewhat higher high yesterday. As a result, we expect DOT/USD to continue declining and to reverse more of its recent gains. Polkadot price movement in the last 24 hours: Polkadot drops to $28 Over the past 24 hours, PolkaDot (DOT) has fluctuated in the range of $26 and $29.91, indicating a moderate amount of movement over that duration. Volumes have increased by 111.93% to $3.39 billion as the overall market value has declined to approximately $28.2 billion, putting it at position #11 overall.  DOT/USD 4-hour chart: DOT set for further retracement? Over the next several days, we may see a sideways movement in the Polkadot market, as shown by the 4-hour Polkadot price analysis chart. DOT/USD 4-hour chart. Source: TradingView The price of Polkadot has increased significantly in the last few days. This week, after establishing a higher low around $23.5 on August 26, DOT/USD gained further momentum. After that, the momentum slowed and a somewhat higher high was established, suggesting exhaustion, DOT had increased about 45 percent. This price movement has resulted in a minor retreat during the previous 24 hours, with $32 serving as support f...

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.