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Cryptopolitan 2021-09-13 17:18:06

Polkadot price analysis: Can the bulls break past $36

TL;DR Breakdown Polkadot price analysis suggests retracement to $33The closest support level lies at $34 markDOT faces resistance at the $36 level The Polkadot price analysis shows that after breaking through the $35.00 mark, DOT was met with strong resistance at the $36 mark. The resistance caused the price rally to halt and rejected the trend, sending DOT to the $32.50 support level. While the price has recovered since then, DOT still finds it difficult to climb above the $36 mark. The broader cryptocurrency market observes a bearish sentiment over the last 24-hours as most major cryptocurrencies record a negative change over the period. Major players include AVAX and ADA that record a 12.00 and an 11.20 percent decline respectively. Bitcoin price analysis: High volatility as DOT breaks past $35 Technical indicators for DOT/USDT by Tradingview Across the technical indicators, the MACD is bullish as expressed by the green histogram. The indicator exhibited a crossover on September 9 and has been bullish since. However, the last 20 hours have observed a decline in bullish momentum across the chart as DOT struggled to climb above the $36.00 mark. Since the rejection, DOT has oscillated between the $36 and the $33 levels. The EMAs are currently moving upwards showing strong buyer activity at press time. However, the 26-EMA has been catching up to the 12-EMA which has observed a declining gradient due to the selling ...

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Polkadot price analysis: Can the bulls break past $36

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