Analiza Polkadot (DOT): Byczy sygnał!

Cryptocurrency DOT has recovered after the price drop last week. There was a rebound from $27, and the price rushed up

The coin broke through the SMA 50 level on a 4-hour chart. This opened the way to a price of $40. Currently, resistance is possible at $36. This is due to the level of 200 and 100 SMA.

The price increase of Polkadot is due to the general greening of cryptocurrency charts. On that positive note, the DOT price reached $34. If nothing changes, the next day of trading can bring a rise to 40 dollars.

If you look at the MACD indicator (blue line pictured), the uptrend is also visible on the 4-hour chart. 

Four-hour DOT/USD chart

 

If the bulls can overcome the efforts of bears, we can talk about the growth of the price of cryptocurrency in the short term.

It's also worth watching the SuperTrend indicator. You can buy the cryptocurrency DOT when it turns green on the chart and will fall below the price of the coin.

 

 

The merger of the two 100 SMA and 200 SMA lines as close as possible to the $36 level can interfere with upward movement. If the bulls can't overcome the resistance, the price could drop to $30. The coin will be supported by the level of 27 dollars.

You can get more information, register and start trading on Binance.

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The article has an informational character, reflects the opinion of the author. Before you make a decision, analyze the market situation.