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Considerable upside volatility has set into DOT/USD market. In addition, price movement stays at advantage of further upside moves even with the appearance of selling pressure. Meanwhile, the DOT/BTC market portrays somewhat similar characteristics. Consequently, this demands closer examination, which will be done in this price prediction.
DOT Analysis Statistics Data:
DOT value now: $6.42
Polkadot market cap: $7.27 billion
DOT moving supply: 1.13 billion
The Total supply of Polkadot: is 1.25 billion
DOT Coinmarketcap ranking: #12
Major Price Levels:
Top Levels: $6.500, $6.650, $6.800
Base Levels: $6.421, $6.400, $6.380
Polkadot Price Prediction Today, October 28, 2022: DOT/USD Showing Signs of Minimal Downside Reversal
Following a sudden spike in price in the DOT/USD market, it appears that some selling activities have been triggered. Subsequently, this has caused minimal downside value retracement. However, the RSI maintains its upward bearing, which portrays a further upside price increase. Nevertheless, the price action is still some distance away from obtaining support at the 78.69 Fibonacci level. Summing up all market signs, one can expect further upwards price move as the Polkadot’s price may soon surpass the price level of $6.500.
Polkadot Price Prediction Today, October 28, 2022: DOT/BTC Retains Signs of Further Upward Move
DOT/BTC price action in its own case seems to have found a support at the 78.60 Fibonacci retracement level. Also, the SMA curve continues to touch the last inverted hammer price candle. At the same time, the Stochastic RSI lines continue their upside move and are now above the 50% level. Consequently, this is portraying that price is more likely to proceed in the upward path, as it may soon reach the 0.0003132 price level. By implication, traders can go long straight away or place a pending long other just above the SMA curve.
The ongoing IMPT presale has recorded great success. This toke has gathered $10 million in just one month of the presale program. Eventually, this success is setting the IMPT token on the path of gathering up to $10.8 during the first stage of its presale.
Dash 2 Trade has had a nice start, as it has gathered well above $2 million within some days. The presale of this tokes has been scheduled to happen in 9 stages, and the worth of this token will increase as the stages progress. The D2T token is in the second stage of its presale, and its price is now $0.0500.
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