Polkadot Coin (DOT) Analysis

Polkadot Coin (DOT) Analysis


Our review of the cryptocurrency Polkadot Coin (DOT) has a great opportunity to come back to the race of the higher range track if two Resistance areas have been exceeded (as the target mentioned below) with good volume (which means will fly high).

Polkadot Coin (DOT) has a historical price of $ 55.090 in November 2021 then fall down (like all cryptocurrencies) to its lowest price of $ 4.224 in December 2022

(DOT) is trading now at $ 6.100

 

Chart indicators show the manner of its correction movements as still a risky area for beginners (means aggressive up or down will movements)

So we advise Trade wisely & never hesitate to place a stop loss near the support areas that are shown below, as breaking these prices leads to another down support area.

All we need to do is to keep an eye carefully on the Support & Resistance areas in order to ride the next wave at the right time as a predicted target which is mentioned below to fly high.

Always remember a bullish trend is followed by a bearish trend & vice versa.

 

 

 

As Shown

The Chart Below

 

d04ba6cfedee61d4efb9be4049f06f8ff25160e239193e421fca0392a83eca6f.png 

 

Prediction:

Target (hopefully): the first one exceeding the area of 10.750 then (area in between $ 16.450 )

the other great one is to hit & exceed the area of  $ 23.850 >>>(most important one)

 

Otherwise, Polkadot Coin (DOT), if the price of $ 5.350 is broken, may target levels of $ 4.210

 

Support & Resistance:

Support: $ 6.010 - $ 5.080 - $ 4.250 >>>(strong area)

Resistance: $ 8.250 - $ 10.750

 

Important:

The result depends on our personal Vision which could be right or wrong

 We analyze the past to predict the future.

 

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Ayman Crypto
Ayman Crypto

Cryptocurrency Analyst


CryptoCurrencies Analyst
CryptoCurrencies Analyst

Hello, Everybody Here is Ayman wishing you all the Best of luck in trading many more cryptocurrencies with pieces of Advice to handle them Very Easy & Earn more money.

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