DOT/USD Pushes for a Breakout above $6.5

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Polkadot price prediction shows that DOT remains in the green as the cryptocurrency market gains from the increased buying pressure.

Polkadot Prediction Statistics Data:

  • Polkadot price now – $6.47
  • Polkadot market cap – $7.3 billion
  • Polkadot circulating supply – 1.1 billion
  • Polkadot total supply – 1.2 billion
  • Polkadot Coinmarketcap ranking – #12

DOT/USD Market

Key Levels:

Resistance levels: $8.0, $8.5, $9.0

Support levels: $5.0, $4.5, $4.0

DOT/USD price is now trading close to the upside after touching a $6.61 high during the European session today. The coin may continue to move upward if the price crosses above the upper boundary of the channel. Meanwhile, the Polkadot price may stay on the positive side as the price could touch the resistance level of $7.00 in the next positive direction.

Polkadot Price Prediction: Polkadot May Break Short-Term Resistance

According to the daily chart, the Polkadot price is likely to break out of the range and move to the upside. However, as the technical indicator Relative Strength Index (14) remains above the 50-level, the coin may spike to the upside. On the contrary, if it faces down, there is a higher chance that the DOT price may find support at $5.0 $4.5, and $4.0. More so, the coin may continue to move to the upside to locate the resistance levels of $8.0, $8.5, and $9.0 respectively.

Against Bitcoin, the recent price decline in the market places the DOT in a downward trend after the price failed to cross into the positive side indicating a bearish movement at the time of writing. Looking at a long-term bear market, the 2900 SAT and below could provide a support level for the next selling pressure.

DOTBTC – Daily Chart

After touching the resistance level of 3234 SAT, the bears may begin to dominate the market if the bulls failed to push the price to the north. However, if the support level of 3000 SAT can act as a solid line of defense against any further downtrend; the resistance level of 3500 SAT and above may come to play. Nevertheless, the technical indicator Relative Strength Index (14) nosedives below the 50-level.

The first phase of the IMPT presale is underway, with each token trading at $0.018. However, the Impact tokens will be sold at $0.023 each in the second stage. And the price of the asset is expected to rise further in the third stage.

The pre-sale of Dash 2 Trade got off to a great start, raising over $2 million in just a few days. In the first stage, the price was just $0.0476 and now it has risen to $0.05. In the third stage of the pre-sale, the price will go up to $0.0513.

Related:

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