The post Mapping Polkadot’s price – Navigating key resistance zones, risk of price reversal appeared on BitcoinEthereumNews.com.

Polkadot may have potential for a bullish trend, but buying pressure has been weak Liquidation heatmap and Fibonacci levels seemed to be in agreement Polkadot [DOT], at press time, exhibited bullish signs on the lower timeframe charts and seemed to be preparing to break past the $4.2-local resistance level. Bitcoin [BTC] was trading above the $92k-level as well, spurring bullish belief among altcoins. An analysis last week revealed that the $3.8-level was a key level to flip to support. DOT‘s bulls have achieved this since then. Now though, they may have more ambitious plans. Polkadot retains a bearish swing structure, but traders can be hopeful Source: DOT/USDT on TradingView The swing structure in question on the 1-day chart was captured by the Fibonacci retracement levels. The high at $4.76 must be beaten to shift the structure bullishly. Meanwhile, the $4.18 and $4.44 levels were the key nearby resistances. The A/D indicator has been flat over the past month. The lack of uptrend meant buying pressure was weak, and was a hint that bulls might not be ready to drive an uptrend. At the time of writing, the Awesome Oscillator was still below the zero line – A sign that momentum was not bullish on this timeframe yet. The DMI also reflected a lack of a clear trend, with both the -DI and +DI below 20. The price action and the technical indicators noted wariness from market participants over the past week. Source: DOT/USDT on TradingView Zooming in, the bullish momentum seemed to be clearer. The price has set a series of higher highs and higher lows over the past two weeks, forming a bullish structure. The DMI also reflected a strong uptrend in progress, with the A/D’s uptick hinting at greater demand for Polkadot. Source: Coinglass The liquidation heatmap also…

---

Filed under: News - @ April 23, 2025 7:20 am