DOT - 3h. Buyers are tested for strength
The previous week of trading in the Polkadot (DOT) market was quite successful. During the working week, the price of DOTUSDT rose by 45%. It was the low volume of trading on the weekend and the mysterious drift of BTC was the main reason for the beginning of the DOTUSD price correction.
If the price of BTC fell by 7%, the DOT market - by 15%. However, this is a pretty good result compared to other coins. This project ranks 12th in terms of daily trading volumes among all crypto projects. The active redemption of the coin after the fall speaks of its strength and interest of investors.
The critical point for the continuation of the growth trend is in the range of $22-23. Buyers have kept this range and are now preparing for $27.5-28.2. Above this range, buyers will have the prospect of continued growth to $34-35.
BUT while the price is in the range of $22-28.2 the next medium-term movement is difficult to determine with high probability. However, this range is good for short-term trading
______________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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If the price of BTC fell by 7%, the DOT market - by 15%. However, this is a pretty good result compared to other coins. This project ranks 12th in terms of daily trading volumes among all crypto projects. The active redemption of the coin after the fall speaks of its strength and interest of investors.
The critical point for the continuation of the growth trend is in the range of $22-23. Buyers have kept this range and are now preparing for $27.5-28.2. Above this range, buyers will have the prospect of continued growth to $34-35.
BUT while the price is in the range of $22-28.2 the next medium-term movement is difficult to determine with high probability. However, this range is good for short-term trading
______________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
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okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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