Polkadot DOT Price Prediction Today

Lutfi

Polkadot DOT Price Prediction Today
Polkadot DOT Price Prediction Today

Rancakmedia.com – Polkadot DOT price has stabilized since the December 4 drop and shows indicators are ready to move. For this reason, it is likely that the stock will break the current support level and begin an upward climb.

Polkadot price bottomed out at $24,35 on December 4 drop. Since here, DOT has created multiple swing highs, while the swing low has been in the $24,84 area. Over the previous eight days, DOT has marked this barrier nearly twice, signaling a double bottom formation and a hint of a move higher.

Therefore, investors may anticipate Polkadot price to move higher. However, there is a risk that DOT could test the $24,84 support level for a third time under extraordinary circumstances. This move would lead to a triple bottom configuration, indicating that a rise is more likely.

Polkadot Price Ready to Rise

The $29,54 barrier is the first barrier that Polkadot DOT price will face on its way up and is about 14 percent from its current position – $26,01.

Beyond this, Polkadot DOT price will revisit the $30,92 resistance level, indicating a 20 percent upside. As long as buying interest is strong, Polkadot DOT price may rise to $35,04, up 34% from current levels.

Polkadot Price Ready to Rise

While things are looking better for Polkadot price around the $24,84 support level, a collapse would scare traders.

However, if DOT produces a swing low below $24,35, it will form a lower low, contrary to the bullish argument. Polkadot price may return to the immediate support level of $22,66 in this situation.

That's the information we can convey, hopefully it can help all of you, don't forget to always update us with the latest information, thank you.

What does Polkadot DOT Crypto do?

Polkadot allows cross-blockchain transfers for any type of data or asset, not just tokens. Connecting to Polkadot gives you the ability to interoperate with a wide variety of blockchains on the Polkadot network.

Conclusion:

Polkadot DOT price has stabilized since the December 4 drop and shows indicators are ready to move. It is likely that the stock will break the current support level and begin an upward climb.

DOT will revisit the $30,92 resistance level, which is about 14 percent away from its current position – $26,01. Beyond this, Polkadot price may rise to $35,04, up 34% from current levels.

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Lutfi

Hi, let me introduce myself, Lutfi Hulasoh, I am a writer and techno blogger. I started creating a personal blog writing informative articles about the latest trends and developments in technology. My writing covers a wide range of topics, from mobile applications to artificial intelligence, and I can also provide easy-to-understand explanations to help readers understand complex concepts.