Hello, welcome to this DOT/USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-DOT/USD was down by as much as 5% in today’s session, falling to a low of $5.72.
Today’s drop saw the token move closer to its support level at $5.60, which has mostly been in place for the last week.
Looking at the chart, the RSI also dropped to a floor of its own, with the index colliding with its support at 41.00.
Should the index move below this point, we will likely see Polkadot move toward $5.30, which would be a two-year low.
Traders will likely also be paying attention to the moving averages, as the indicator still looks positioned for further downward momentum.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-DOT/USD was down by as much as 5% in today’s session, falling to a low of $5.72.
Today’s drop saw the token move closer to its support level at $5.60, which has mostly been in place for the last week.
Looking at the chart, the RSI also dropped to a floor of its own, with the index colliding with its support at 41.00.
Should the index move below this point, we will likely see Polkadot move toward $5.30, which would be a two-year low.
Traders will likely also be paying attention to the moving averages, as the indicator still looks positioned for further downward momentum.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
