As the coin grows to the upside, the Polkadot price prediction is likely to move consistently within the channel in the next positive move.
Polkadot Prediction Statistics Data:
- Polkadot price now – $9.72
- Polkadot market cap – $9.6 billion
- Polkadot circulating supply – 987.5 million
- Polkadot total supply – 1.1 billion
- Polkadot Coinmarketcap ranking – #11
Track live crypto price of 10000+ coins!
Resistance levels: $14, $16, $18
Support levels: $5, $3, $1
According to the daily chart, DOT/USD is likely to cross above the 9-day moving average. In the last few days, the Polkadot price continues to trade below the 9-day and 21-day moving averages. However, the technical indicator Relative Strength Index (14) is hovering below 40-level, confirming the sideways movement in the market.
Polkadot Price Prediction: Would DOT Price Move to the Upside?
As the daily chart reveals, the Polkadot price is currently moving towards the 9-day moving average, and if the coin continues with the bullish movement, the bulls may cross above the moving averages to hit the resistance levels of $14, $16, and $18. At the time of writing, DOT/USD shows a slight bullish movement within the daily chart.
On the contrary, if the coin remains below the moving averages, it could return the coin to the support levels of $5, $3, and $1 respectively. Meanwhile, the long-term buyers should not be bothered by the small impact on the road, as the future of DOT is assured as revealed by the technical indicator Relative Strength Index (14).
DOT/BTC Market: Price May Keep Moving Sideways
Against Bitcoin, the Polkadot price is hovering below the 9-day and 21-day moving averages. The technical indicator Relative Strength index (14) is likely to remain below the 40-level which may soon increase the sideways movement. On the contrary, a possible rise may surface once the technical indicator turns and faces upward, and it may likely hit the resistance level of 4000 SAT and above.
Meanwhile, any bearish movement towards the south could bring the coin to the support level of 2500 SAT and below. However, breaking to the upside could take the coin to a new high and the market may remain in the bullish zone for a while.
Looking to buy or trade Polkadot (DOT) now? Invest at eToro!
68% of retail investor accounts lose money when trading CFDs with this provider
Download MAXBIT Android App, Your best source of all crypto news!
Share this article: