NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Polkadot At $9.30, But Is There A Chance Of Slight Shift In Trend?

anushsamal
anushsamal
3 years ago
2 mins read
Polkadot

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Polkadot has been noting fall in price over the past few days. Although the coin has been laterally trading, there has been continuous dips in the price. Over the last 24 hours, DOT fell by 4.2% and in the last week the coin brought home minor gains.

Broader market weakness can be attributed to most altcoins either trading sideways or moving downtrend. The coin broke below its crucial support of $14 and ever since that Polkadot has been moving south.

Buying strength also automatically faded from the market as the bears took over the price action. Despite the bears strengthening, DOT continued to attempt moving on the upside but the coin was met with selling pressure each time.

The bulls just need to push the price a little above the $9.60 mark after which the buyers could attempt to re-enter the market. This could bring in some relief to the altcoin’s price.

Polkadot Price Analysis: One Day Chart

Polkadot
Polkadot was priced at $9.30 on the one day chart | Source: DOTUSD on TradingView

DOT was trading at $9.30 on the one day chart. Polkadot was mostly consolidating but was trying to break past the same every now and then. Bears have gotten stronger as buying strength has fallen. A fall below the $9.30 price mark will cause the coin to rest on the $8.71 support line.

This would mean DOT would touch the price level of August, 2021 again. Overhead resistance for the coin stood at $10 and a push above the same will make the altcoin trade near the $11.87 price mark.

The volume of the coin traded had fallen and was seen in red. This indicated that the bulls had weakened at press time.

Technical Analysis

Polkadot
Polkadot registered fall in buying strength on the one day chart | Source: DOTUSD on TradingView

DOT noted a consistent increase in buying strength as seen on the Relative Strength Index. There has been an uptrend on the RSI. At press time, the coin displayed fall in buying strength as the indicator captured a downtick signifying increase in selling pressure.

In regards to DOT registering a shift in price action, the price pf the asset was seen slightly above the 20-SMA line. This meant that buyers were slowly gathering momentum and that the sellers might not continue to drive the price momentum in the market.

Related Reading | Polkadot Surged Over 4%, What Are The Technicals Indicating?

Polkadot
Polkadot flashed a buy signal on the one day chart | Source: DOTUSD on TradingView

DOT flashed a buy signal which amounts to the coin displaying a possible change in the price action. Moving Average Convergence Divergence depicts the price momentum, and it indicated bullishness. MACD portrayed green signal bars which are tied to a buy signal.

Bollinger Bands that indicate price volatility showed narrowing of the bands. If the bands become narrowed it means that price volatility is about to drop.

A drop in the same means lesser price fluctuations. DOT can try to rise above the given immediate resistance if the buying strength increases in the market over the immediate trading sessions.

Related Reading | Bitcoin NUL Suggests More Downside To Come Before The Bottom

Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Crypto Market Heats Up as Corporate Bitcoin Treasuries Reach 1M – Here are the Best Cryptos to Buy

Crypto Market Heats Up as Corporate Bitcoin Treasuries Reach 1M – Here are the Best Cryptos to Buy

The corporate Bitcoin sector has just smashed a major milestone. Public companies now own over 1M $BTC, showing massive confidence...

Aaron Walker 1 hour ago
maxi doge

Dogecoin στα $4; Το Maxi Doge μπορεί να φτάσει εκεί πρώτο, καθώς το αληθινό alpha τρέχει προς τα $2M στο ICO

Το Dogecoin (DOGE) έχει στο τραπέζι μια τολμηρή πρόβλεψη τιμής στα $4, παρόλο που δεν έχει καταφέρει ακόμη να ξεπεράσει...

Ιωάννης Ριζόπουλος 2 hours ago

狗狗幣有望漲到 4 美元? Maxi Doge 或搶跑 正衝擊 200 萬美元 ICO

狗狗幣(DOGE)雖然連 1 美元都還沒站穩,但市場上已經有人放出豪言:目標 4 美元。不過在它真正沖關之前,加密狗陣營裡已經冒出了一隻新猛獸:Maxi Doge (MAXI)。 MAXI 正以真·A...

estherw 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Previsioni Ethereum: ETH Resiste Alle Turbolenze del Mercato Crypto

clararosati 40 minutes ago
Dogecoin ETF news

First US Dogecoin ETF Could Debut Next Week—How Will It Impact Price?

Jake Simmons 1 hour ago

Trendošā jaunā mēmu monēta TOKEN6900 gatavojas uzlidojumam – vai tā būs nākamā SPX6900?

lasma 1 hour ago

Premium Sponsors

Press Releases

  • ドージコイン 今後は4ドル突破か?新興ミームコインが200万ドルプレセールで主役に

    ドージコイン...

    8 minutes ago
  • リップル 今後の価格予測:米規制緩和と国際送金拡大で3ドル突破の可能性

    リップル...

    26 minutes ago
  • ChatGPT予測によるソラナ400ドルと注目の仮想通貨おすすめ銘柄

    ...

    2 hours ago
  • 新しい仮想通貨のプレセール、クジラ投資で1,500万ドル目前

    ...

    2 hours ago
  • 1M BTC超を蓄積する企業財務、1110億ドル規模へ拡大──アルトコイン市場が躍進

    1M...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.