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DOT May Touch $5.0 Support; TAMA Jumps to the Upside

DOT May Touch $5.0 Support; TAMA Jumps to the Upside
DOT May Touch $5.0 Support; TAMA Jumps to the Upside

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The Polkadot (DOT) price prediction is down at 1.30% at the time of writing as the coin goes below the opening price of $6.4

Polkadot Prediction Statistics Data:

  • Polkadot price now – $6.35
  • Polkadot market cap – $7.1 billion
  • Polkadot circulating supply – 1.1 billion
  • Polkadot total supply – 1.2 billion
  • Polkadot Coinmarketcap ranking – #11

DOT/USD Market

Key Levels:

Resistance levels: $8.5, $9.0, $9.5

Support levels: $4.5, $4.0, $3.5

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DOT/USD breaks below $6.7 after an unsuccessful attempt to settle above the 9-day and 21-day moving averages as the coin touches the daily high at $6.63. The Polkadot price is changing hands at $6.35, down 1.30%, and the bears have so far been keeping the market price on the negative side; hoping to touch the nearest support at $5.0

Polkadot Price May Go Bearish as Tamadoge Goes Bullish

The Polkadot price is currently heading to the south, but according to the daily chart, a break above the 9-day and 21-day moving averages could give the coin a boost towards the important resistance at $8.5, $9.0, and $9.5 levels. On the other hand, the technical indicator Relative Strength Index (14) has a bearish feel as the signal line remains below the 40-level.

Tamadoge OKX

Meanwhile, if the coin dives and faces the lower boundary of the channel, the Polkadot price could create more downtrends. However, the market price may head to the downside if the technical indicator Relative Strength Index (14) slides and cross below the 30-level. On the other hand, the critical support levels could be found at $4.5, $4.0, and $3.5.

Against Bitcoin, the bulls are making effort to step back into the market while the coin is showing some positive signs that could make higher highs if the price crosses above the 9-day and 21-day moving averages. On the downside, any bearish movement below the lower boundary of the channel could hit the nearest level of support at 3000 SAT and below.

DOTBTC – Daily Chart

Looking from the upside, the nearest resistance level could be found above the 9-day and 21-day moving averages, above this, further resistance lies at 3800 SAT and above. The technical indicator Relative Strength Index (14) is likely to cross above the 50-level which indicates that more bullish signals may come to focus.

Tamadoge, an ERC-20 token, will also have its initial DEX offering (IDO) on Uniswap. TAMA is set to list at $0.03. As the Tamadoge presale sold out earlier than expected, the team is reportedly moving forward with all TAMA crypto exchange listings to take place in the coming days.

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Related:
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