DOT May Start a Decline if it Fails to Break This Level! Latest DOT Analysis for Bitcoin Traders!

DOT

DOT/USDT

$1.86
+2.93%
24h Volume

$109,354,804.18

24h H/L

$1.898 / $1.804

Change: $0.0940 (5.21%)

Long/Short
65.7%
Long: 65.7%Short: 34.3%
Funding Rate

-0.0071%

Shorts pay

Data provided by COINOTAG DATALive data
Polkadot
Polkadot
Daily

$1.86

2.03%

Volume (24h): -

Resistance Levels
Resistance 3$2.3712
Resistance 2$2.0547
Resistance 1$1.9413
Price$1.86
Support 1$1.833
Support 2$1.7381
Support 3$1.653
Pivot (PP):$1.8587
Trend:Downtrend
RSI (14):40.4
(11:03 AM UTC)
2 min read

Contents

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  • DOT volume increased by 33% in the last 24 hours.
  • DOT price has risen by 7% since March 30th.
  • Will DOT be able to break the critical resistance level of $6.60?

Current DOT Price Analysis! In a Critical Zone!

4 Hour DOT/USD Price Chart Source: TradingView

4 Hour DOT/USD Price Chart Source: TradingView

When we examine the current DOT price chart, it is moving close to the important resistance zone of $6.60. If the DOT price cannot make 4-hour candlestick closes above the $6.60 resistance level, it may start the downtrend from this zone.

The critical level that DOT investors should pay attention to is the $6.60 zone. If DOT cannot break this level, it may initially realize a drop to the $6.20 levels.

If DOT makes daily candlestick closes below the $6.20 level, it is possible for it to continue the downtrend and drop to the $6 levels.

Short-Term DOT Price Analysis!

2 Hour DOT/USD Price Chart Source: TradingView

2 Hour DOT/USD Price Chart Source: TradingView

When we examine the Polkadot (DOT) price chart in a short time frame, it continues to move within the important resistance zone range.

If DOT wants to clear the liquidity at the $6.50 zone by making an upward movement, short confirmation can be sought from the $6.52 levels.

Unless DOT makes 4-hour candlestick closes above the $6.60 level, the downtrend target will be the zone mentioned in the analysis.

DK

David Kim

COINOTAG author

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