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DOT Range-Bounds as Price Moves Near $10

The Polkadot value prediction reveals that DOT is buying and selling close to the resistance degree of $10 under the 9-day and 21-day transferring averages.

Polkadot Prediction Statistics Data:

  • Polkadot value now – $9.39
  • Polkadot market cap – $9.3 billion
  • Polkadot circulating provide – 987.5 million
  • Polkadot complete provide – 1.1 billion
  • Polkadot Coinmarketcap rating – #11

DOT/USD Market

Key Levels:

Resistance ranges: $14, $15, $16

Support ranges: $4, $3, $2

After touching the resistance degree of $9.59 at present, DOT/USD is buying and selling at $9.39. The coin is transferring throughout the channel and under the 9-day and 21-day transferring averages, indicating an indecisive motion out there. For the time being, the market value is transferring in direction of the resistance degree of $10 as the buying and selling quantity is issuing a purchase sign, whereas the technical indicator confirms the sideways motion.

Polkadot Price Prediction: DOT Price May Not Be Ready for The Upside

At the time of writing, the Polkadot value is nonetheless on the draw back as bulls couldn’t push the coin to the upside. However, any try by the patrons to cancel the present bearish motion and push the Polkadot value above the 9-day and 21-day transferring averages are probably to revisit the resistance degree of $10.

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However, any bullish motion above this degree could lead on the market to the essential resistance ranges at $14, $15, and $16. On the opposite, if the coin heads in direction of the decrease boundary of the channel, the DOT value might attain the crucial helps at $4, $3, and $2 as the technical indicator Relative Strength Index (14) stays under the 40-level.

DOT/BTC Market: Consolidating to the Downside

Against Bitcoin, the Polkadot is buying and selling with a bullish candle under the 9-day and 21-day transferring averages. The technical indicator Relative Strength Index (14) is transferring to cross above the $50-level which might carry extra bullish indicators into the market. An additional bullish motion might probably hit the resistance degree of 4000 SAT and above.

DOTBTC – Daily Chart

However, any type of retreat might carry the coin to the help degree of 2500 SAT and under. But patrons will want to collect sufficient momentum to push the market value to the north. For now, DOT/BTC is transferring sideways and should begin rising as soon as the technical indicator turns upward.

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