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Polkadotusd

Polkadot Price Prediction: DOT Stalls Under $5.5 Polkadot becomes the fifth-largest cryptocurrency after toppling Chainlink (LINK). DOT/USD bulls are looking forward to breakout above the ascending channel. Polkadot has grown massively in the last two months to the extent of displacing much older coins from top positions in regard to market capitalization. Over the weekend, the token surged above the stubborn resistance at $5, extending the bullish leg above the next hurdle at $5.5. The most significant milestone was the surge in market capitalization. DOT displaced a couple of projects including Chainlink and Binance Coin to become the fifth-largest digital asset in the market. At the time of writing, Polkadot is trading at $5.36, following a retreat from the weekend highs. The token has a market capitalization of $4.5 billion. Binance Coin currently seats in the sixth position with a market cap of $4.2 billion. On the other hand, Chainlink has been pushed two positions back to the seventh spot with a market cap that stands at $4.1 billion. Obviously, the biggest question is, can DOT sustain this uptrend? For now, the answer is yes, considering that the 4-hour chart shows the price trading above both the 50 Moving Average (MA) and the longer-term 100 MA. The Relative Strength Index (RSI) in the same 4-hour chart shows that buying power is still present, although not as high as it was over the weekend. The RSI has recovered from a minor dip to 55 and currently holds the ground above 60. If the leveling motion takes over, there is a chance that Polkadot will consolidate above the 100 MA at $5.25. If push comes to shove, the $5 level will come in handy. Polkadot Intraday Levels Spot rate: $5.36 Relative change: -0.0181 Percentage change: -0.40% Trend: Bullish Volatility: Expanding
BINANCE:DOTUSDLong
by CoinGape
2
DOT - How to make predictions with less dataThe difficulty here comes when one considers that we do not have the type of data that we have at our disposal with other cryptocurrencies that have charts going back years. So, to say to what extent DOT is bound to the move(s) of the market is difficult. To say what direction the RSI will turn next is also difficult, but I put forth the idea that the RSI (at the moment) is low, and may start to rise again; I dare to also state that the fundamentals of this one will take over. This is fundamentally sound, has great opportunities for headlines, but beyond that -- I believe it will play out it's RSI ups/downs faster and more aggressively -- seeing that it is being put through the early stages of testing the sentiment the community has for it. I was swing-trading it a few weeks ago, and that is where I caught a glimpse of how aggressively it was moving within the bollinger bands. What would have otherwise been a few candles (touching the bottom band) were - instead - singular wicks that flashed down. It slowly started to behave more-so like what we are used to, and I see this as confirmation that the (speculative) sentiment is positive. So, I was a little surprised to see this dip come in and last this long, but also ... we don't have the data, so I believe its moves will just be faster and more aggressive. Long-term and short-term bullish, but I also do not think it is going to the moon (yet).
BINANCE:DOTUSDLong
by naynay447
DOT (Polkadot) - The levels I look atThe fall of the crypto market did not bypass polkadot either. After losing $5.5 resistance it keeps falling and currently testing $4.5 support. If we close below the next target is $3.8. The worst case is that the whole pump will be retraced and we'll back to $2.5 Two setups I see here: * Scalp short from the previous support break at $5 * Scalp long from ~$3.8 area Hit the "LIKE" button and follow to support, thank you! Information is just for educational purposes, never financial advice. Always do your own research.
by Bitduke
DOT /USD AnalysingWhen DOT was above $6,2 , here i shared that DOT will make a correction and fall to $4,5 -Now this target has been successfully succeeded and DOT will start rising from this poing and its support level is $4,6 It's getting ready to make new ATH above $7 . After coin market cap showing DOT in the top 10 ithis will bring new investors to the DOT . We may see Coinbase listing soon too ,beacuse there are some serious news that DOT will be added to Coinbase. Coins listing on Coinbase automatically boost its price over %40 higher. Good luck.
BINANCE:DOTUSDLong
by The_Geronimo
5
Polkadot is good market buy!Polkadot is sitting currently on uptrend, bounced of strong support level, and shown a very good lookin 4h candle close! I expect this coin DOT to have a strong rally to $6.8 which is exactly 13.33% from current price of $6. The Second take profit is below $7.5 and that's a 25% profit. And one question to my followers, do you prefer shorter and more analysis or long and less analysis? Let me know in comments :) Good luck with this trade! Tibor
Long
by TiborVrbovsky
3
Polkadot 7500%!!Don't Flame me yet! i just want to tell you that this chart is a JOKE because of course Polkadot won't reach is old ATH in few weeks lol! So what is Polkadot and why i made this chart ? it's simple. The price falled cuz the DOT Token got a redenomination from its original sale on 21 August. ‘New DOT’ will be 100x smaller than ‘DOT (old)’. Therefore, the DOT balance will be 100x higher and the price per DOT will be 100x lower. So the price also falled from X100. Polkadot is an ecosystem enabling cross-blockchain transfers of any type of data or asset, not just tokens. Connecting to Polkadot gives you the ability to interoperate with a wide variety of blockchains in the Polkadot network. so it means it will interconnect all the Blockchains.... BTC is the King of Cryptocurrency and ETH the King of Smart Contracts... Polkadot could be 'the King' of the DEFI projects. Polkadot got listed on many AAA Exchanges in no time. Due to the specific nature of Polkadot, the estimation can be significantly excessive & unrealistic. Teams building on Polkadot : ChainLink - developing an oracle Laminar - open finance platform ChainX - developing a Bitcoin and Ethereum bridge Digix - gold on the blockchain Dock.io 204 - verifiable credentials Centrifuge - operating system for financial supply chain Ocean Protocol - ecosystem for sharing data Energy Web Foundation - building an energy network iExec - decentralized cloud computing Edgeware - building a WASM-based smart contract platform ZeroChain - zK-SNARKs chain built on Substrate Acala Network - stable coin platform built using Substrate Robonomics - cyber-physical systems integration pLibra - a privacy preserving implementation of Libra MXC - IoT protocol Darwinia - multi-chain gaming Katal - financial contracts Joystream - A user governed video platform Ladder Network - decentralized exchange for cross-chain assets Akropolis - decentralized pension and DeFi blockchain Asure Network - social security network KILT Protocol - credentials for Web 3.0 PACTCare - Metadata Blockchain based on Substrate called Starlog 0x protocol - decentralized exchange Blink Network - lightning fast payments LayerX - zk-SNARKs chain Plasm - Plasm is a Substrate Runtime Module Library allows developers to add Plasma functions to their Substrate chain Speckle OS - universal identity and account parachain Totem - real time accounting for Substrate that said you have to invest wisely and make your own research. i do not provide personal investment advice on Polkadot. Happy Tr4Ding !
Long
by thecryer
2
DOT.USDT (Y20.P3.E1).Nice trend.Can be a great steady one.Hi All, I'm in this trade with some luck when my brother pointed me to this and I took it early at $4.1. I did look at it yesterday but was occupied to making this post as of now. DOT = POLKADOT Since its new on Binance it doesn't have much history, and prior it was a different product as the change was made to its denomination setup. So I look at the trend. The trend is consistent for the short time its been on this platform with the 1 hr 21/34 ema acting as support. I can't really comment on targets or support besides this trend. So what is Polkadot and its product...with one relay chain and launch several parachains soon afterward, eventually ramping up to 100 parachains. I don't quite understand it but it seems hot in the industry, just like defi. Moving forward, a coin starting off like this, only looks promising, just like BNB, REN, CRO which have an ongoing consistent upward path. Hence why I didn't put too much in here but if it continues I will then buy more up as my profit will offset any losses if the trend changes. If I was to guess of the price movement based on the initial funnel formation. Here is a KRAKEN chart, with a slightly more history. Here is a OKEX chart, where Polkadot was prior to their new dot change. What happened, the New Dot which is 100x smaller than DOT (OLD) On 21 August 2020 at 16:40 UTC (block number 1,248,328), the DOT token underwent a redenomination from its original sale. New Dot are 100x smaller than DOT (OLD). There is no difference between New Dot and DOT (OLD) except for their denomination. Please give me a like or tick for this post Regards, S.Sari
Long
by ssari
5
Polkadot Price Prediction: DOT/USD Rally Hits Pause At $6.5 Polkadot rallies in less than a week from $2.5 to all-time highs at $6.58. DOT/USD bulls plan on building upon the support at $6.50 for gains above $10. Polkadot has been on a journey of breaking barriers after rebranding from the former ICO token, New Dot. The cryptoasset commenced trading several exchanges including Binance on August 19. The trading from the launch has been action packed with the price first hitting highs around $5.75. An immediate reversal took place with DOT/USD embracing support $2.5. The dive was followed by a period of consolidation in a range between $2.5 and $3.0. An incredible bullish price action commenced after a sustained break above the resistance brought about the 50 Simple Moving Average (SMA) in the 1-hour range. There was struggle to clear the seller congestion at $4.50, the 61.8% Fibonacci retracement level of the last drop from $6.58 to a swing low of $63.69 as well as $6.0. The bullish momentum continued in several candles before DOT hit a new all-time high at $6.58. Another reversal took precedence pulling Polkadot to the short term support at $5.81. In spite of the barrier suffered at $6.58, DOT bulls have not given up on their mission to scale the remaining ground to $10. The crypto has a market value of $6.08 at the time of writing. Short term analysis shows that bears are gaining momentum. For instance, the MACD is in the positive zone but also featuring a bearish divergence. In addition, the RSI has slowed down the uptrend, settling above the midline. If losses come into the picture, support at the 61.8% Fibo (50 SMA), $5.14, $4.5 and $3.69 will come in handy. However, if support at $6.0 holds, there is a huge chance that bulls will build on it for a much awaited approach to $10.0. Polkadot Intraday Levels Spot rate: $6.15 Relative change: 0.075 Percentage change: 1.16% Trend: Short term bearish bias Volatility: Low
BINANCE:DOTUSDLong
by CoinGape
3
DOTs for days (bullish sentiment)RSI and MACD continue to support DOTs push upward. As many already know, it’s expected to be added to CoinBase. Speculation of such an event is certainly already factored into DOTs price. Finally, let’s say you choose to ignore the TA and ignore the FA. Just another nicely polished shitecoin, right? Well, maybe you’re right. But considering big dick swangin’ Gavin Wood is the father of this blockchain, and for many that’s enough right there to go all-in. Let me know what you think about the price action AND whether the long-run bullish sentiment is justified. $$$$$$
Long
by UnknownUnicorn7080344
1
Polkadot (DOT) Analysis - Fundamental and Technical.Hey, I am back with yet another Crypto Idea. Polkadot, a coin that come to my attention, why you may ask? Let me explain. So the coin is on exchanges only 5 days and is already on the #8 place of cryptomarket which is really crazy when you think about it.. The coin is already listed on Binance, Bitfinex, OKEX, Kraken, Bittrex and Coinbase is also thinking about listing. What I understand by learning about Polka is this. It's a blockchain which contains other blockchains. Distributed network that stops big companies from owning your information. Allowing freedom and trust by default. A virtual operating system like windows for the next internet. So basically this very heavily focuses on your Privacy and also connecting many Cryptocurrencies into one Network. Looking at Technical Analysis. The price of Polkadot is at resistance area, and as you may know we are in alt season where we buy Resistance areas, because they are very likely to breakout, not speaking about this one coin which has a huge hype currently so let's ride the wave! Price is currently breaking out of falling wedge in strong uptrend channel. Hope this goes well for us, I am in since $4.35. I recommend to either buy the breakout or try to buy at the uptrend line of this channel. My target will be very dynamic as we dont have any previous resistance levels higher than 4.55 I will keep this idea updated if there is going to be enough likes :) Cheers, Tibor
Long
by TiborVrbovsky
9