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Polkadot price analysis: DOT bulls mark 6 percent gain at $31



The Polkadot price analysis is showing DOT bulls are in the lead today. As the market opened up, bulls started gaining strength and took the price up to the $31.7 level, where DOT met resistance and bears gained charge for a few hours and dropped back the price to $30.77.

The Polkadot price analysis further shows DOT/USD gained a value of six percent in the last 24 hours. The price swung as high as $32.55 to as low as $29.99 today, but overall, bulls are in the lead, and currently, DOT/USD pair is trading at $31.45 at the time of writing. Still, the Polkadot is at the loss of five percent if we look at the course of the last seven days.

DOT/USD 1-day price chart: DOT got rejected from $31.7

The 1-day price chart for Polkadot price analysis shows a six percent increase in price today. The DOT bulls are trying hard to break past the resistance of $31.7 as a bullish crossover seems to be taking place as the moving average is traveling below towards the price level showing reasonable indications for the cryptocurrency.

Polkadot price analysis: DOT bulls mark 6 percent gain at $31 1
DOT/USD 1-day price chart. Source: Tradingview

The volatility is relatively high and still increasing as Bollinger bands widen slightly, with the upper band present at $35 and the lower band present at the $22 level. The average of Bollinger bands is at $29 below the price, and the moving average (MA) is also traveling down towards price level, as said earlier. The relative strength index (RSI) is on the uptrend and shows a score of 57.

DOT/USD 4-hours analysis: DOT leveraging the hourly support of $29.7

The 4-hours Polkadot price analysis chart shows the bulls are trying to maintain the lead as the hourly support of $29.7 seems good enough at the time. The day started with a jump start of six percent for the bulls but bears provided resistance and took over for some time, but bulls regained the momentum again and are on the go.

Polkadot price analysis: DOT bulls mark 6 percent gain at $31 2
DOTUSD 4-hours price chart. Source: tradingview

The volatility is still high but decreases as Bollinger bands are narrowing down in the present hours, with the upper end of Bollinger bands at $33.5 and the lower end at $24.9. The moving average is at the $29.9 mark, and the Bollinger bands average is at the $29.2 mark, both averages below the current price level. The relative strength index (RSI) is moving up slowly and is at a score of 54 in the upper half.

Polkadot price analysis: DOT bulls mark 6 percent gain at $31 3
DOT/USD technical indicators chart. Source: Tradingview

The technical indicators for the Polkadot price analysis are also reflecting a bullish momentum. Out of the total 26 technical indicators, 15 show a buy signal, and only three show a sell signal, whereas eight are neutral.

The moving averages are also strongly on the buying side, with 13 indicators on the buy sign and only one on the sell sign while one is standing neutral. The oscillators are totally neutral, with seven indicators at the neutral sign and two each at buying and sell signs.

Polkadot price analysis: Conclusion

The 1-day and 4-hours Polkadot price analysis shows a medium bullish trend for today with clear signs of bearish shadows, but bulls are in reign at the moment. Further down the time today, the price movement will take shape as market players act; if the overall moving average came below the price level, then bulls may succeed in carrying the lead, and if the moving average hovered above the price level, then bears may stretch the leg and take LTC further down to the support level of $29.7.

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Polkadot price finds stable support that may help DOT resume bull run



  • Polkadot price finds buyers at a primary support zone.
  • A three-week correction cycle is complete and resumption of the bull market likely.
  • New all-time highs are in sight.

Polkadot price has a very healthy-looking weekly Ichimoku chart, showing significant support. Compared to its peers, Polkadot price faces limited downside risks.

Polkadot price bounces, a renewed push towards $70 likely

Polkadot price recently ended  a strong sell-off triggered by a powerful cycle in Gann analysis known as Gann’s ‘death cycle.’ The ‘death cycle’ is a seven-week (49 to 52 day) cycle that Gann warned could terminate any move that showed persistent price movement at a high slope. Additionally, a three-week correction after the ‘death cycle’ is the most common reversion period.

Polkadot is trading against the most powerful support level combination possible on its weekly chart. The 2021 Volume Point Of Control and the weekly Kijun-Sen share the $33.50 value area, which is exactly where Polkadot has bounced. To now confirm a resumption of the prior uptrend, Polkadot price will need to return to and close above the weekly Tenkan-Sen at $42.00.

The Relative Strength Index shows some initial support against the first oversold level in the bull market (50). If 50 holds, then a bottom may be in for Polkadot. Additionally, the Composite Index has generated hidden bullish divergence – a condition that is often a precursor to a resumption of a prior bull market. 


DOT/USDT Weekly Ichimoku Chart

Downside pressure and risks remain for Polkadot price, however. If the $33.50 value area fails as support, the next support zone to watch is the top of the Cloud (Senkou Span A) at $29.50. Any daily or weekly close below $29.50 could trigger faster and deeper selling pressure because the Volume Profile becomes thinner, the lower price moves. In other words, the lower Polkadot price moves below $29.50, the faster and easier it is for it to make further declines.

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Polkadot price analysis: DOT to test support at $32, support at $33.9 already crushed



  • Polkadot price analysis is bearish today.
  • Resistance for DOT/USD is present at $34.4.
  • Support for DOT/USD is present at $32.

The Polkadot price analysis is bearish today. DOT/USD hasn’t found support yet, as the support at $33.9 has already crashed under selling pressure. However, DOT got some support around $33, but the downtrend has again begun as the bears have taken over control over the price function again. It is expected the DOT will continue to lose value today before recovering in the next trading session.

Overall the cryptocurrency market has observed negative sentiment with a bearish trend being followed by most coins, including the Bitcoin and Ethereum reporting losses from one percent to six percent mostly, with some coins reporting losses up to 11 percent today.

DOT/USD 1-day price chart: Bullish efforts declined

The 1-day price chart shows the price has decreased considerably today, and Overall DOT has been following a downtrend since 9th November, when the coin started to step down from the $53 level and has reached $33.7 at the time of writing today. The DOT/USD traded in a range of $35 to $32.8 today. The crypto pair reports a loss of more than six percent over the last 24 hours and a loss of 19.22 percent over the past week. The trading volume has also decreased today, but not much. However, the market cap has decreased by 5.49 percent.

Polkadot price analysis: DOT to test support at $32, support at $33.9 already crushed 1
DOT/USD 1-day price chart. Source: TradingView

The volatility is high for Polkadot, and the Bollinger bands are traveling downwards, which is not a good sign for the coming day. The lower limit of the Bollinger bands at $32.9 represents a support level for DOT to hold on, and the mean average at $41.9 represents the resistance zone for DOT, but it’s not relevant in the current scenario.

The relative strength index (RSI) has also stooped low to index 34. The RSI still maintains its downwards slope indicating the selling activity in the market. The moving average (MA) is present above the price level at the $38 mark.


Polkadot price analysis: Recent developments and further technical indications

The 4-hour Polkadot price analysis shows the price breakout was downwards from the start of today’s session, and most of the damage was observed during the first four hours. Thereon some bullish efforts were observed, but bearish pressure ruled out any bullish activity and continued the downtrend.

Polkadot price analysis: DOT to test support at $32, support at $33.9 already crushed 2
DOT/USD 4-hours price chart. Source: TradingView

The volatility on the 4-hour chart has increased as the upper Bollinger band has reached $40 and the lower band is at the $31 mark, and the mean average of the Bollinger bands is forming at the $36 mark. The MA is present at the $34 mark, and the RSI still travels further low at index 33.

Polkadot price analysis conclusion

The Polkadot price analysis shows that the coin seems to be continuing the downtrend for today. If the price comes further down, then the next support zone is present at around the $31.6 level. However, traders can expect DOT to trade above the psychological mark of $30 for today.

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Polkadot Price Prediction: DOT bears threaten 19% downswing



  • Polkadot price is vulnerable to a 19% decline after breaking below a critical support trend line. 
  • The layer-1 token is looking to test the reliability of key support levels before recovery could be expected.
  • DOT must hold above $32 to prevent further losses. 

Polkadot price action has been muted, as DOT has failed to galvanize investors’ enthusiasm. The layer-1 token continues to slide lower, recording lower lows and lower highs. The governing technical pattern suggests that the token is likely to tag $27 if a key support level fails to hold.

Polkadot price to test reliability of support

Polkadot price has sliced below the lower boundary of an ascending parallel channel on the daily chart, suggesting a bearish forecast ahead for the token. DOT could continue to slide lower as investors engage in a period of profit-taking. 

The first line of defense for Polkadot price is at the 50% retracement level at $32.74, then at the 200-day Simple Moving Average (SMA) at $28.81 which acts as a sturdy foothold as it coincides with the support line given by the Momentum Reversal Indicator (MRI).

However, if the aforementioned support fails to act as a reliable line of defense for Polkadot price, DOT could fall further to hit the bearish target projected by the governing technical pattern at $27.46, where the 61.8% Fibonacci retracement level also sits.


If selling pressure eases, the bulls could be incentivized to push Polkadot price higher toward the first resistance at the 100-day SMA at $37.11. An additional spike in buy orders could see DOT tag the 38.2% Fibonacci retracement level at $38.02.

To prevent further losses, buyers should target the lower boundary of the parallel channel at $40.58 next. However, additional hurdles for Polkadot price may emerge at the 21-day SMA at $42.10, then at the 50-day SMA at $43.68.


DOT/USDT daily chart

If the bulls manage to reverse the period of underperformance, slashing through the aforementioned obstacles, Polkadot price could aim for the middle boundary of the governing technical pattern at $54.20, located near the MRI’s resistance line and the token’s all-time high.


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