Polkadot Price Prediction – September 21
A line of range-moving motions has gotten intensified in the DOT/USD market operations as the crypto’s price downs to the $6 lower range value. The present trading point is around $6.31 at a minute positive percentage average of 0.48.
Polkadot (DOT) Statistics:
DOT price now – $6.32
DOT market cap – $7.1 billion
DOT circulating supply – 1.1 million
DOT total supply – 1.2 billion
Coinmarketcap ranking – #11
Resistance levels: $8, $9, $10
Support levels: $5, $4, $3
DOT/USD – Daily Chart
The daily chart showcases the crypto’s market price downs to the $6 range level about two days ago. The 14-day SMA indicator is at $7.12 point, underneath the 50-day SMA indicator, which is at $8.38. The horizontal line drawn at the $6 value line is to ascertain the pivotal zone where price is currently attempting to push downward against. The Stochastic Oscillators have penetrated the oversold region to touch 4.06 and 1.14 range values.
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Can the DOT/USD market bears put more forces beyond the $6 trading zone soon?
Indications have been garnering against the smooth running of the DOT/USD market bears around the $6 trading zone as the crypto downs to the value line recently. Expectantly, there will be a chain of ranging moves around the point over a number of days before bulls will be able to make s stride afterward. Investors can consider buying or adding to their existing portfolio. And they have to let the market run northwardly on a long-term basis before cashing out.
On the downside of the technical analysis, the DOT/USD market sellers’ probable weight to sustain below the $6 trading level appears unsafe even if the market makes further attempts to push to the downside in the near time. Based on that sentiment, short-position placers may suspend execution of new selling order at this moment. Another round of shorting activities can surface around the trend lines of the SMAs at a later trading session of a high-resistance spot.
DOT/BTC Price Analysis
Polkadot trends within high-range trading spots against Bitcoin for a long time until the present. The cryptocurrency pair market downs to a lower point below the SMAs close to the lower range horizontal line drawn. The 14-day SMA indicator has curved to the south, closely underneath the 50-day SMA indicator. The Stochastic Oscillators have dipped into the oversold region to touch 8.30 and 7.18 range points. That shows the counter crypto is on the verge of relaxing to push against its base crypto-trading instrument.
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