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DOT

DOT (Analysis)The DOT was supported at the bottom of its bearish channel last week and is moving towards resistance at $ 8.5, forming a twin floor pattern. A negative reaction accompanied the first encounter with this range. Still, in the second encounter, due to the strength of buyers, there is a possibility of breaking the resistance ahead and continuing the upward movement until the next resistance in the $ 10 range. The downtrend is broken, and if pullback moves to this uptrend and maintains $ 7.5 support, we expect the uptrend to continue with more strength towards higher resistance. The first resistance is in the range of 8.5, and the second resistance is in the range of $ 9. If the uptrend line breaks in the 4-hour timeframe, a price reversal warning will be issued again to lower support.
by MonoCoinSignal
3
Risk on in DOT DOT has often been viewed as an alt layer 1 solution. Some call it a layer 0, as it is seeking to link unique blockchains into a single collective, cohesive network. For comparisons sake, if viewed as a layer 1, then DOT's market cap as a percentage of ETH has dropped to 4%. So keep risk mgmt monitored closely. DOT benefits from deflationary pressures as more tokens are locked up or bonded with every parachain auction. For clarity in jargon: Parachains are individual networks running in parallel to create a harmonized, interoperable ecosystem. In May, they announced liquid staking to their (POS) network of blockchains, to reward additional revenue by earning extra yield in decentralized finance (DeFi) applications. We recently saw a massive growth in trading volume, however what resulted was a decline in price. This spike was an indicator of bearish sentiment.
COINBASE:DOTUSDLong
by ZenMode
1
DOT / USDT loklanie changes the trend to a downward trendHello everyone, let's take a look at the 4H DOT to USDT chart as you can see the price has come above the downtrend line and back below that line. Let's start by setting goals for the near future that we can consider: T1 = $ 7.91 T2 = $ 8.29 and T3 = $ 8.77 Now let's move on to the stop loss in case of further market declines: SL1 = $ 7.60 SL2 = $ 7.38 SL3 = $ 7.16 SL4 = $ 6.86 and SL5 = $ 6.47 Looking at the CHOP indicator, we can see that in the 4H range the energy slowly starts to rise, while the MACD indicator shows a change in the local trend to a downward trend.
Short
by cryptodailyuk
Polkadot facing resistanceThis one looks/feels just like Cardano. We are looking at DOTUSDT (Polkadot) and we see that prices are trading above EMA10 and EMA21, which is always good... But resistance is being faced at EMA100. This same level has rejected growth twice already this month and is the immediate challenge. If DOTUSDT can manage to break and close above $8.06, we can expect much higher prices. On the contrary, a rejection can lead to a test of the last low. This is shaky spot... This is the decision spot... This is where you hear people talking about coin flip, 50/50... We go GREEN and we use a tight stop-loss. I think we are ready to go up. Namaste.
Long
by MasterAnanda
1