Past Performance of Polkadot
The contraction of Bitcoin had a profound effect on altcoins, including Polkadot. The coin is underperforming at spot rates, sliding 15% from recent peaks. Even so, buyers remain in control from an effort-versus-results perspective, looking at the general performance in the daily chart.
#Polkadot Technical Analysis
The bearish...
Past Performance of Polkadot
Polkadot is steady at spot rates but remains pinned within a bear range defined by the end of last week's wide-ranging candlestick. The trend will shift unless there is a high volume expansion from spot rates, thrusting the coin above $6.7. Therefore, unless there are changes, how DOT reacts at the $5.8 support would shape the...
Polkadot has already made further progress in our primary scenario and should continue the downwards movement. We expect our crypto-friend to arrive in the magenta-colored zone between $6.49 and $6.06 on the dot to finish wave a in green. Then, the altcoin should apply itself to the countermovement of wave b in green, which should lead out of the magenta-colored...
Past Performance of Polkadot
The Polkadot selloff of the last few weeks has seen the coin drop 24 percent from December highs. As it is, the downtrend remains visible, and sellers are in a commanding position. The primary support is at $4.2, and bulls need to reclaim $4.6 for uptrend continuation.
#Polkadot Technical Analysis
There are hints of strength,...
Past Performance of Polkadot
The general trajectory of DOT is southwards. Despite attempts higher in the second half of November, bulls are yet to follow through, confirming the upside. Thus far, sellers are in a commanding position with the path of least resistance defined. Though prices are stable, even printing higher, participation levels are comparatively...
Past Performance of Polkadot
After soaring to as highs as $55 in November 2021, DOT is now 89 percent from all-time highs and wallowing against a wave of intense selling pressure. From the daily chart, bears are squarely in charge, and November 16 losses offer no reprieve for buyers. The immediate support lies at $5.3, while any gains above $6.3 may lift Polkadot...
Past Performance of Polkadot
Polkadot prices are down 30 percent from the August 2022 peaks, per the formation in the daily chart. Although the community expects DOT prices to recover after posting sharp double-digit losses from 2021 peaks, bears still have the upper hand. However, if DOT pierces above critical ceilings, the coin may surge to new Q4 2022 highs in...
Past Performance of Polkadot
Like the rest of the crypto market, Polkadot is relatively suppressed when writing. There are hints of weakness, and the coin is down six percent on the last trading day versus the resurgent USDT. Still, buyers appear to be in charge in short to medium term. Notably, the August 8 bar is bearish, reversing gains of August 8, a net...
Past Performance of Polkadot
The broader crypto market expects a recovery, a development that might lift DOT prices from 2022 pits. Still, sellers remain firmly in control with resistance at the middle BB. Currently, DOT crypto prices are struggling against a deluge of selling pressure. The coin is down roughly three percent in the past trading week.
#Polkadot...
