of Polka dot Today’s price analysis shows that the bulls are looking to deflect the bearish pressure. After the bearish dominance observed over the past three days, the DOT/USD price finds support at $7.04 as the bulls make a comeback. increase. The DOT price has gained support and has risen slightly to $7.13 as the bulls try to overcome the bearish pressure. However, bearish pressure is still present and cryptocurrency prices could fall further. The $7 range still proves to be the DOT’s support base, which is still holding up.
DOT/USD 1-Day Price Chart: Bulls Start Higher Price
1-day price chart of polka dot price Analysis shows the bulls have been successful in reversing the trend in their favour so far, but the gains are small and could turn negative at any time. The DOT price reached $7.13 as it reported a loss of on the other hand, coin There is a gain of 1.73% over the past week as the price trendline remained in the upside earlier. Volume is also low today, down 3.51%, offering a market advantage of 0.80%.
Volatility is moderate, with the Bollinger Bands showing the upper band at the $7.82 mark representing resistance and the lower band at the $6.70 mark representing support. Bollinger Bands averaged $7.26. The moving average (MA) is at the $7.40 mark above SMA 50. The Relative Strength Index (RSI) is trading in the lower half of the neutral zone for index 43, but is currently trending upwards.
Polkadot Price Analysis: Recent Developments and Further Technical Indications
Polkadot price analysis’s 4-hour chart shows that the bulls have shown strength at the beginning of the day, pushing the price level higher, but now the bears have stepped in again. His last four hours have also shown a bearish move as the price fell again and recently dropped to $7.14.
Volatility is relatively high. Bollinger Bands values are: The upper band is $8.10 and the lower band is $7.01. The Bollinger Bands are averaging at the $7.56 mark above the price level. The moving averages are trading below the SMA 50 curve at $7.34. The Relative Strength Index (RSI) lies in the neutral range of index 37 and the curve shows a lack of momentum from both sides of the market.
Conclusion of the Polkadot price analysis
The 1-day chart of the Polkadot price analysis shows bullish signs for the cryptocurrency, while the 4-hour chart shows an overall negative move, with the crypto market recovering today and the DOT/ USD is also trending. If the bull market returns, we expect the cryptocurrency to continue rising over the next 24 hours to retest the $7.27 resistance.
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