DOT Consolidates Near $7 Level As TAMA Promises Better Outlook ByAzeez MustaphaPRO INVESTOR Updated: 27 August 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission ā at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage The Polkadot price prediction could break below the $6.5 support if the price fails to face the lower boundary of the channel. Polkadot Prediction Statistics Data: Polkadot price now – $7.0 Polkadot market cap – $7.7 billion Polkadot circulating supply – 1.1 billion Polkadot total supply – 1.2 billion Polkadot Coinmarketcap ranking – #12 DOT/USD Market Key Levels: Resistance levels: $9.0, $9.5, $10.0 Support levels: $5.5, $5.0, $4.5 Buy Polkadot Now Your capital is at risk DOT/USD keeps moving below the 9-day and 21-day moving averages as the coin trades at $7.0 due to the renewed bearish momentum emanating from the rejection from the upside. However, the Polkadot price is currently trading with a 1.20% gain, and the coin may move sideways. Polkadot May Range-bounds while Tamadoge Moves Bullishly The Polkadot price may begin to consolidate in a flag formation as the coin consolidates. Nonetheless, the daily breakdown reveals that DOT/USD could delay its uptrend if the 9-day MA could not cross above the 21-day MA. Meanwhile, if the support level of $6.5 gets weak, a price break-down may occur and the sellers may find new lows at $5.5, $5.0, and $4.0 support levels. On the other hand, any bullish movement above the 9-day and 21-day moving averages may push the market to the nearest resistance level of $8.5 before touching the potential resistance levels at $9.0, $9.5, and $10.0. At the time of writing, the technical indicator Relative Strength Index (14) is moving below the 40-level, suggesting bullish signals in the market. Against Bitcoin, the recent sideways movement in the market is due to the price stability in the market and what the traders need to note here is that the market is preparing to change the trend and a short-term bullish breakout is most likely to play out because the technical indicator Relative Strength Index (14) is likely to cross above 50-level and this could find the nearest resistance level at 4000 SAT and below. DOTUSD – Daily Chart However, the only condition for the downward movement is if the buyers failed to push the coin to the upside, and also the 9-day MA remains below the 21-day MA. Therefore, any movement towards the south may locate the support level of 3100 SAT and below. Tamadoge has assimilated the lessons learned from other projects. Revenue is generated by fees paid on transactions in the Tamadoge NFT Petstore, where players buy clothes, food, and other necessities and discretionary items for their pets. You can own as many pets as you like, with the individual traits of each Tamadoge pet constituted as an NFT. Related: • How to buy Tamagoge • Visit Tamadoge Website Join Our Telegram channel to stay up to date on breaking news coverage