Following an 8% daily increase, DOT attempts to retest the key resistance at $32 on renewed momentum.
Key Support level: $25
Key Resistance level: $32
Polkadot’s DOT native token completed a short-term correction and is now creating a support floor and trading range between the support level at $25 and resistance at $32.
The first attempt to break out above this trading area was rejected last Monday. However, DOT appears ready for a second tryout.
Technical Indicators
Trading Volume: A reasonable amount of volume on the last attempt on Monday to break above $32. The current volume is a bit low (maybe due to the weekend), but it favors the buyers right now. Watch out for the volume on Monday.
RSI: The RSI is making higher lows, which is a bullish sign, and is currently hovering just above 50 points – the neutral level.
MACD: The daily MACD is bullish and is heading up, despite the rejection at key resistance last Tuesday. This is a promising sign for bulls.
Bias
The bias on DOT is somewhat bullish, but a break of the critical resistance is needed to confirm this.
Short-Term Prediction for DOT Price
DOT managed to stop the downtrend and consolidate under the key resistance at $32. Now, buyers appear eager to take DOT back up again as they prepare the stage to break the key resistance. Should they fail, DOT will face the ‘floor’ level at $25. Watch out for possible volatility to return next week following the new year holiday.
Check live crypto rates here
Start trading today – See our list of exchanges
Hi this is kind of of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get guidance from someone with experience. Any help would be enormously appreciated!
com does not skimp out on its ingredients generic cialis online When my headaches started to come back I increased my dose a little and now, 4 years later I am only on 50mg in the morning at 100mg at night
But wanna say that this is very helpful, Thanks for taking your time to write this.
In the grand design of things you secure an A+ with regard to effort and hard work. Exactly where you actually confused me was first in the specifics. As it is said, details make or break the argument.. And it could not be more true here. Having said that, let me tell you what exactly did deliver the results. Your text is extremely engaging and this is probably the reason why I am making the effort to opine. I do not really make it a regular habit of doing that. Next, whilst I can easily notice the leaps in reasoning you make, I am not sure of how you seem to unite the details which in turn help to make the actual final result. For right now I shall subscribe to your position however trust in the foreseeable future you link the dots better.