Polkadot Price Prediction Today, December 9, 2022: Price in DOT/USD Attempting to Regain Position Above Key Support

Polkadot price activities have been under the $6.00 price level since early last month till now. Recently, price action moved near $5.65 from near the $5.00 price level. Since then prices started falling lower, till this point where it appears as if buyers are trying to push prices up.

Polkadot Analysis Statistics Data:
Polkadot value now: $5.32
DOT market cap: $6.09 billion
DOT moving supply: 1 billion
Polkadot Total Supply: 1.26 billion
Polkadot Coinmarketcap ranking: #11

Key price Levels:
Resistance: $5.32, $5.62, $5.82
Support: $5.12, $5.00, $4.80

Polkadot Price Prediction Today December 9, 2022: DOT/USD Still Appears Weak

The latest price candle on the DOT/USD market appears to be revealing that traders are already opening long positions. The last price candle on this daily chart arrived bullish, yet it appears as if the bull’s resistance isn’t strong enough at this point. However, the session is still ongoing, and more long positions can still be opened. Eventually, this will result in an upside price retracement. Nevertheless, the RSI continues to tell that price action still possesses more bearish potential, even at the appearance of the small green candlestick on this market. Consequently, we may witness the falling towards $5.00 if bearish momentum continues to build up.

Polkadot Price Prediction Today December 9, 2022: DOT/BTC Price Touches on the 78.60 Fib Support

Price action in the DOT/BTC stays consistently weak as it touches on the support of 0.0003139. At this point price activities seems to be ready to even fall below this support from the looks of things. Over the last four trading sessions price level in this market has stayed under the Moving Average curve. Also, the Stochastic RSI lines are now moving quickly toward the oversold region. Technical speaking, it could be said that the downtrend is gaining momentum. Consequently, DOT/BTC price is likely to fall under the support 0.0003139.

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