Previous Low at $20, Faces Rejection at $26

[Rockalo]

Polkadot (DOT) has fallen to $22 low from the previous high of $29. Since the crypto began falling, DOT price was making a series of lower highs and lower lows.

When the price fell and made a lower low at $20, the crypto rebounded above the current support and rallied to the previous lower highs. The rally was stalled at the lower high of $26.

The selling pressure resumes as bulls fail to break the $26 high. The current downtrend is likely to extend to the low at $20. Since June 8, the DOT price has been retesting the support at $20. Nevertheless, the crypto’s price has broken below the moving averages signaling the resumption of a downtrend.More information: please click here