The post Will DOT Crypto Break Dynamic Support? appeared on BitcoinEthereumNews.com.

Polkadot price halted near the $10 mark and is heading in the downward direction. However, the price is still above the key moving averages. Over the week, Polkadot crypto price decreased approximately 0.19% while over the month, there was a 9.68% increase. Looking back over the past three months, DOT price increased by about 41.40%, while the increase extends to around 66.09% over the last six months. The crypto’s performance throughout the year has been volatile, with a year-to-date slump of approximately 11.01%. At press time, the Polkadot crypto price was $7.346, with an intraday loss of 5.05%, showing bearishness on the charts. Moreover, the trading volume is 357.08 Million. The market cap is $9.42 Billion. Indicators are giving buying signals. Technical Analysis of Polkadot Crypto Price in 1-D Timeframe Source: Polkadot.1D.USD by TradingView Polkadot (USD: DOT) has seen its crypto price rise steadily for the past three months, rising 41%. At the time of writing, DOT crypto is trading in a bearish zone. At the time of publishing, Polkadot crypto (USD: DOT) is trading below the 20-Day EMA (exponential moving average), signaling weakness. The current value of RSI is 48.44 points. The 14 SMA is above the median line at 58.91 points which indicates that the Polkadot crypto is bearish. The MACD line at 0.189 and the signal line at 9.35 are above the zero line. MACD curve and the signal curve are mildly turned downward hinting about bearishness. If it can keep this level, the Polkadot price could continue to go up and reach the first and second targets of $8.00 and $10.00. However, if the DOT price cannot maintain this level and falls, then it might hit the closest support levels of $7.196 and $6.215. However, if the selling volume accumulates, the price might break the supporting…

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Filed under: News - @ February 21, 2024 10:16 pm