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

DOT

DOT/USDT

$1.23
-1.44%
24h Volume

$52,838,965.35

24h H/L

$1.261 / $1.219

Change: $0.0420 (3.45%)

Long/Short
67.6%
Long: 67.6%Short: 32.4%
Funding Rate

-0.0022%

Shorts pay

Data provided by COINOTAG DATALive data
Polkadot
Polkadot
Daily

$1.236

-1.28%

Volume (24h): -

Resistance Levels
Resistance 3$1.3781
Resistance 2$1.3275
Resistance 1$1.2597
Price$1.236
Support 1$1.2158
Support 2$1.147
Support 3$0.9824
Pivot (PP):$1.2387
Trend:Downtrend
RSI (14):42.2
(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.

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David Kim

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