Polkadot (DOT) is falling after the altcoin reached the high of $28. The crypto’s price retraced to $24 support and resumed upward.
The altcoin has been in an upward correction after it plunged to a $16 low. The $28 high was the second uptrend that faced rejection from the recent high. The current uptrend depends on breaking the resistance at $28.
Polkadot will rally to a $44 high if the bulls breach the resistance at $28. The current resistance has been the previous support since February. A breakout will push the prices upward. Conversely, if the bulls fail to break the $28 resistance, the crypto will continue its downward correction. The altcoin will continue fluctuations between $20 and $28 price levels.
Analiza indicatorului Polkadot
Polkadot has risen to level 48 of the Relative Strength Index period 14. It indicates that the market is in the downtrend zone and below the centerline 50. DOT price is in a bullish momentum as it is above the 60% range of the daily stochastic. The 21-day and the 50-day SMA are sloping southward indicating the downtrend. The 21-day SMA is acting as a resistance to the coin.
Tehnice de indicatori:
Niveluri majore de rezistență - 48 USD și 52 USD
Niveluri majore de asistență - 32 USD și 28 USD
Care este următoarea direcție pentru Polkadot?
Polkadot has reached bearish exhaustion as price finds support above $24. Meanwhile, on June 3 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOT will fall to level 2.0 Fibonacci extension or level $24.94. From the price action, DOT price has reversed from above $24.00
Declinare de responsabilitate. Această analiză și prognoză sunt opiniile personale ale autorului și nu reprezintă o recomandare pentru cumpărarea sau vânzarea de criptomonede și nu ar trebui privite ca o aprobare de către CoinIdol. Cititorii ar trebui să facă cercetările înainte de a investi fonduri.
