DOT\/USD<\/a> price may drop further lower if the coin finds support at the $6 level. However, during the European session, DOT\/USD tried to cross above the 9-day and 21-day moving averages before falling below the $7 level. At the moment, if the bears continue to push the market further lower, immediate support below the $6 level may be located. Beneath this, further supports may be found at $4, $3, and $2 respectively.<\/p>\nPolkadot Price Analysis: DOT Price May Cross to the Downside<\/h2>\n
As the daily chart reveals, if the buyers can hold the support at $7 and the Polkadot price begins to climb higher, bulls may expect immediate resistance to be located at $8, which is above the 9-day and 21-day moving averages. However, moving a little bit higher may locate the higher resistance levels at $10, $11, and $12. Meanwhile, the technical indicator Relative Strength Index (14) is seen moving below the 50-level, which shows that the market may follow the bearish movement.<\/p>\n
DOT\/BTC Market: Price Keeps Ranging<\/h2>\n
Against Bitcoin, the Polkadot is trading below the 9-day and 21-day moving averages. Therefore, in as much as the price actions remain below this barrier, Polkadot may perpetually be under the control of a bear. Meanwhile, traders need more vital and more consistent resistance to keep the price from the bear run.<\/p>\n