The post POLKADOT Price Analysis 11-13: DOT Registers Sharp Decline As Bull Run Stalls appeared on BitcoinEthereumNews.com.

Polkadot (DOT) has registered a sharp decline over the past 24 hours as its rally stalled at the $5.70 mark, with selling pressure driving the price down. DOT posted a stunning rally following the US elections, surging past key resistance levels to reclaim $5. The altcoin is up 25% over seven days despite registering a considerable drop during the past two sessions. Polkadot’s (DOT) Stunning Post-Election Rally Polkadot (DOT) shed its recent bearish sentiment last week as it recovered after dropping to a low of $3.65, bringing its multi-year support into focus. However, DOT recovered from this level, rising almost 3% on Tuesday to settle at $3.86. Bullish sentiment intensified on election day, as DOT rose 6.48% to reclaim $4 and settle at $4.11, just below the 20-day SMA. DOT pushed above the 20-day SMA on Thursday rising by 1.46% and settling at $4.17. DOT went above the 50-day SMA on Friday after rising almost 4% and settling at $4.32. Source: TradingView Bullish sentiment intensified on Saturday as DOT registered an increase of 7.18% to go above the resistance at $4.50 and settle at $4.63. With DOT above key resistance levels and moving averages, bulls took control, and DOT surged over 13% on Sunday, reaching an intraday high of $5.48 before declining and settling at $5.24. Bulls retained control on Monday as DOT surged past the 200-day SMA despite facing considerable selling pressure and settled at $5.71 after an increase of almost 9%. Correction Or Return Of Bearish Sentiment However, the Polkadot (DOT) rally stalled after reaching this level thanks to selling pressure around $6. As a result, buyers lost momentum, and sellers took control. With sellers in control, DOT fell back in the red on Tuesday, falling just over 7% to slip back below the 200-day SMA and settling…

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Filed under: News - @ November 13, 2024 10:27 pm