Polkadot (DOT): Looking For Zone of Weakness

Aug 20, 2024

Polkadot is still trading in the sideways channel after a recent sell-off we had where the price got stopped at the local support zone.

We are now looking for a possible touch to 2 of our resistance zones where we want to see any signs of weakness, which would start a possible second wave sell-off.

Swallow Team

Aug 21, 2024

Note

Polkadot has touched the middle line of Bollinger Bands, which is currently in a bearish trend.

We are looking for a possible rejection from this zone but if we see any signs of breakout, we will be looking next for the zone of $4.9 to be a zone of rejection.

Aug 22, 2024

Note

The middle line of Bollinger bands has been broken and the price continues to move towards upper resistance zones.

We are waiting for the price to reach the upper zones, where we expect to see a possible rejection.

Sep 19, 2024

Note

Polkadot did a good rejection from our first resistance zone, where price moved nicely towards our major support zone, resulting in a good 22% market price movement!