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

DOT

DOT/USDT

$1.617
+12.53%
24h Volume

$319,113,029.56

24h H/L

$1.662 / $1.437

Change: $0.2250 (15.66%)

Long/Short
61.3%
Long: 61.3%Short: 38.7%
Funding Rate

+0.0071%

Longs pay

Data provided by COINOTAG DATALive data
Polkadot
Polkadot
Daily

$1.617

-1.46%

Volume (24h): -

Resistance Levels
Resistance 3$1.8995
Resistance 2$1.7249
Resistance 1$1.6619
Price$1.617
Support 1$1.5931
Support 2$1.5064
Support 3$1.3775
Pivot (PP):$1.6237
Trend:Uptrend
RSI (14):58.3
(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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