Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Gabbartoken on August 25, 2022, 02:40:50 PM
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The Polkadot price analysis is going to favour the bulls. According to the most recent updates, the price has risen to $7.68, which represents a significant improvement once when compared to previous trends.
There is a strong possibility that the price levels will soon cross the $7.80 resistance level. The price has increased today, with the recent growth of a bullish candlestick, which is a hopeful sign for buyers.
The Polkadot price analysis over the past 24 hours shows that bullish momentum is rising. After a slow recovery, price levels suddenly improved to $7.68. The bullish efforts have brought the price levels close to the Moving Average (MA), which is $7.63. Due to the bullish price movement, the coin currently has a 1.70 percent increase in value, which is small but positive. The cryptocurrency, on the other hand, is still down 10% in the last week. Today's trade volume has decreased by 10.32%.
Polkadot's 4-hour price chart indicates that the cryptocurrency's performance is showing a slightly positive price movement, which has resulted in a rise in coin value. According to the most recent data, the price has risen to $7.68 after recovering from a loss in the past hour. Because the price has passed the mean value, moving average (MA), which is at $7.48, the positive trend may strengthen. The bulls have an uncertain future since the Bollinger bands are expanding at a relatively slow rate.
The Polkadot price analysis shows that the bulls are aiming to recover their strength after suffering a significant loss. Today's bitcoin price levels have risen to $7.59, and there are positive signs for buyers to enter. If price levels continue to rise at their current rate, the resistance at $7.71 will be easily overcome. This is only possible if the bulls continue on their current path and maintain the support levels at $7.44 for better results.
KEY LEVELS :
RESISTANCE LEVEL : $8.00-$8.60
SUPPORT LEVEL : $7.00-$6.30
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Currently we are still in a bear market, I think the market is below the average altcoin experiencing the same thing. But taken from the previous trend, maybe you can see SOL, BNB, AVAX, DOT, XRP. Before being bearish, the coin was quite prominent, it looks like it will rise again in the next trend. now POLKADOT current price is 7.13 usdt and my dot price analysis 25 usdt end of the year 2022. This is just my research, you have to research deeper.
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I agree with comment above, I think It's difficult to predict the crypto price during bearish.
I don't believe polkadot will rise.
Because almost all of crypto currencies are still struggling
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The live Polkadot price today is $7.02 USD with a 24-hour trading volume of $352,238,297 USD. We update our DOT to USD price in real-time. Polkadot is down 1.68% in the last 24 hours. The current CoinMarketCap ranking is #11.
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I think we should only consider dots' long-term performance and according to me Dot will be one of the best investments if somebody buys it in this bear market, everything is at its lowest point due to the bearish effect and when BTC rallies then dot will also make a great upward movement breaking its old aths.
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i told this earlier also i am also telling now in this market anything can go wrong. market up and down so never trust. Invest on the basis of your analysis only. so BE CAREFUL !!!!
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DOT is one of the currencies that have become my focus, and almost one of my favorites, for the moments since May 4 there was a correction and many altcoins fell, DOT was one of them. In the analysis it can be seen that the bulls are putting a lot of effort so that it can reach a better price.