Polkadot (DOTUSD) Price Prediction: A Bullish Breakout at $6.7 Level Envisaged ByAzeez MustaphaPRO INVESTOR Updated: 20 June 2023 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage Low momentum in Polkadot market DOTUSD Price Analysis – October 14 Until there is a breakout either to the south or north in Polkadot market, ranging movement may continue. Above the current price are $6.7, $7.6 and $8.3 resistance level. Below the current price are barriers at $5.9, $4.0 and $3.0 support levels. DOT/USD Market Key levels: Resistance levels 6.7, 7.6, $8.3 Support levels: $5.9, $4.0, $3.0 DOTUSD Long-term Trend: Ranging DOTUSD is on the ranging movement in the long-term outlook. The resistance level of $6.7 holds and the bulls have not got enough pressure to break it up. Likewise, bears are yet to gather momentum enough to penetrate the support level of $5.9. This scenario make the crypto continue its ranging movement within the $6.7 and $5.9 levels. On October 13, sellers made an attempt to break down the $5.9 support level but bulls resisted the movement. The fast Moving Average (9 periods EMA) is interlocked to the slow Moving Average (21 periods EMA) and the price is trading around the two EMAs as a sign of ranging movement. Until there is a breakout either to the south or north, ranging movement may continue. Above the current price are $6.7, $7.6 and $8.3 resistance level. Below the current price are barriers at $5.9, $4.0 and $3.0 support levels. The relative strength index period 14 is at 41 levels with the signal line pointing upside as an indication of bullish signal. Buy Polkadot Now Your capital is at risk DOTUSD medium-term Trend: Ranging DOTUSD is ranging within the 4-hour chart. Ranging movement continues within the resistance level of $6.7 and support level of $5.9. Sellers’ pressure increased on October 13 and the support level of $5.9 is tested. Bulls’ pressure returned price in to the ranging mode. The 9 periods EMA is interlocked with the 21 periods EMA and the coin is hovering over the two EMAs which indicate that consolidation is ongoing in the Polkadot market. The relative strength index period 14 is at 49 levels with the signal lines pointing upside to indicate buy signal. Read more: Polkadot launches parachains to support Web 3.0 development Join Our Telegram channel to stay up to date on breaking news coverage
