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Ever since late August this year, after price action in the DOT/USD market broke down the support of $7.00, this crypto has since traded under this level. Also, shortly after price activity in this market was able to test the $7.00 resistance once more it retraced downwards and has since then been sold and bought under the $6.00 resistance.
Polkadot’s Forecast Statistics Data:
Polkadot price: is $5.6873
DOT market capitalization: $6.53 billion
Polkadot circulating supply: 1.14 billion
DOT overall supply: 1.25 billion
DOT’s Coinmarketcap ranking: #11
Important Price Levels:
Ceiling: $5.6873, $5.6900, $5.7000
Floor: $5.6800, $5.6700, $5.6600
Polkadot Price Prediction Today, November 18, 2022: DOGE/USD Is Retracing Lower Base
The DOT/USD daily market seems to be attempting to slide lower, as indicated by technical indicators. The ongoing trading session continues to indicate that sellers are more than buyers in this market. Additionally last price candlestick here on the chart continues to keep price action under the 9-day Moving Average. Also, the Moving Average Convergence and Divergence indicator keeps portraying that the market is prevalently bearish as it plunges below the 0.00 level of the indicator. Going by market signs Traders can expect price action to move further below the $5.7000 Level.
Polkadot Price Prediction Today, November 18, 2022: DOT/BTC Falls Below 61.80 Fibonacci Support Level
Price movement in the DOT/BTC market recently broke the Fibonacci 61.80 retracement level to the upside. However, it appears that it was unable to find support at this level and has since then retraced downwards. At this point, this mentioned Fib level has been broken downwards once more, and price movement has even fallen in between the 9 and 21-day MA lines. Furthermore, the Stochastic RSI is also indicating that this retracement seems strong considering the distance between the lines of this indicator. Consequently, Traders here can anticipate the price to retrace close to 0.0003300 in the short term.
While on the contrary there is bullish sentiment surrounding the IMPT token. This has caused this crypto to sell rapidly, as buyers are getting more interested in it. Consequently, this has assisted Impact Token to raise approximately $12.6 million. Also, this amount of funds was raised within a few weeks.
At the same time, the Dash 2 Trade is also receiving a bullish sentiment, and since D2T is a crypto trading signal providing platform. Currently, the Dash 2 Trade presale program has raised roughly $6.5 million..
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