. There is a possibility of temporary retracement to the suggested support line (0.00058400). If so, traders can set orders based on Price Action and expect to reach short-term targets.
. FILBTC is in an uptrend, and it is expected to continue.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Will DOT continue to outperform BTC, in large part thanks to its hugely rewarding and & accessible staking platform? Or will we see a reversal as crypto optimism shifts away from the altcoins? I won't say, but watch the trend.
DOT/BTC is battling resistance near its previous high, if it flips the lower trend line into support this could indicate larger gains against BTC for DOT.
A close below could see a move back to the downside, this resulted in a 65% loss in Q4 last year.
. There is a possibility of temporary retracement to suggested support line (0.0002). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. DOT/Bitcoin DOTBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a...
MID OR LONG TERM HOLD IDEA:
- Polkadot is definitely one of the strongest project fundamentally. Their ideas could solve many of the scalability problems that blockchain technology has today.
- Gavin Wood (Polkadot founder) has also invented Solidity, co-founded Ethereum and Kusama.
-BTC volatility doesn't affect too much DOT's price movement which confirms that...