{"id":170533,"date":"2023-02-04T13:26:03","date_gmt":"2023-02-04T13:26:03","guid":{"rendered":"https:\/\/precoinnews.com\/?p=170533"},"modified":"2023-02-04T13:26:03","modified_gmt":"2023-02-04T13:26:03","slug":"polkadot-makes-positive-moves-but-faces-rejection-at-7-00","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/polkadot-makes-positive-moves-but-faces-rejection-at-7-00\/","title":{"rendered":"Polkadot Makes Positive Moves But Faces Rejection At $7.00"},"content":{"rendered":"
Polkadot (DOT) price has continued to rise after breaking through resistance at $6.81. The bullish momentum has now surpassed the high of $7.00.<\/strong><\/p>\n The cryptocurrency asset is expected to re-enter the $7.41 area. The bullish momentum has broken through the resistance levels of $6.56 and $6.81. The price of DOT has moved into the overbought area of the market. As the market approaches the overbought area, the current bullish momentum will take it to a high of $7.41. If the buyers fail to overcome the resistance at $7.00, the price of DOT will fall back down to the support at $6.81.<\/p>\n The price of Polkadot (DOT) has continued to rise after breaking through resistance at $6.81. The bullish momentum has now surpassed the high of $7.00. The cryptocurrency asset is expected to re-enter the $7.41 area. The bullish momentum has broken through the resistance levels of $6.56 and $6.81. The price of DOT has moved into the overbought area of the market. As the market approaches the overbought area, the current bullish momentum will take it to a high of $7.41. If the buyers fail to overcome the resistance at $7.00, the price of DOT will fall back down to the support at $6.81.<\/p>\n <\/p>\n Key resistance levels – $10 and $12 <\/b><\/p>\n <\/b><\/p>\n Key support levels – $6 and $4<\/b><\/p>\n Although Polkadot is trading in a restricted trading range between $6.00 and $6.81, the price is below the $6.81 resistance level. The $6.81 resistance level has slowed the upward movement. If the current levels are broken, the altcoin will develop a trend.<\/p>\n <\/p>\n Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their research before investing in funds.<\/span><\/i><\/p>\nPolkadot price long term analysis: bullish <\/h2>\n
Polkadot indicator analysis <\/h2>\n
Technical indicators: <\/h3>\n
What is the next direction for Polkadot? <\/h2>\n