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Author Topic: Cryptocurrency price update: POLKADOT PRICE ANALYSIS  (Read 20 times)

cryptogabbar

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  • Cryptocurrency price update: POLKADOT PRICE ANALYSIS
    « on: August 26, 2022, 02:05:20 PM »
    Polkadot price research reveals that the trend is continuing bearish, with the price falling to $7.30.
    Polkadot was previously trading at $7.58, but has since found support near $7. The key resistance level for DOT/USD continues at $7.80, however if the price goes below $7.30, it may find support at $7, and if that fails, it may find support at $6.50.

    Polkadot may see some selling pressure at these levels, but if it can hold above $7.30, it may see some buying activity. The digital asset now has a market capitalization of $8.35 billion and is the sixth-largest cryptocurrency in terms of value. At press time, DOT/USD is down 2.42% on the day and trading at $7.35. DOT/USD has had a comparatively modest daily trading volume of roughly $258 million.

    Polkadot price analysis on a daily basis shows a significant bearish trend for the market today, as the price has covered a downward movement in the last 24 hours. In the short term, market conditions for DOT/USD appear bearish, but a breakout from the current consolidation range could see the market move towards the $8.00 level in the near future.

    Polkadot price analysis 4-hour price chart indicates that the market has been in a negative trend for the previous 4-hour. The market attempted to go towards $8.00, but was immediately rejected around $7.80. The market is now holding, and a breakthrough from the current range might lead to a rise towards $8.00 or $7.00 in the near future.

    Polkadot price analysis confirms that the price has dropped significantly during the day. The DOT/USD price is presently reaching the $7.30 mark, which is the lowest level, and it is expected to drop more in the next hours. However, the price has hit the support zone, and there is a possibility that the price may rebound from here if buyers' support is present.

    KEY LEVELS :

    RESISTANCE LEVEL: $7.80-$8.60

    SUPPORT LEVEL: $7.00-$6.20

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