Polkadot (DOT)
Polkadot crypto surged nearly 10.1% this week and made its way in the top 10 weekly gainers. The price took a rebound from a psychological $5.5 level and surged higher. At the time of writing, DOT crypto was trading close to $6.128 indicating a swift 0.92% rise in intraday.
The long term as well as the short term trend outlook is bearish which may drive the price towards the lows again. Currently, the bulls seem to be struggling near the 20 day EMA.
Now, for the price to reclaim a bullish territory it needs to surpass the 200 day EMA above the $7 level. until the price is maintained below the 200 day EMA , it could be at the risk of another decline.
Polkadot crypto surged nearly 10.1% this week and made its way in the top 10 weekly gainers. The price took a rebound from a psychological $5.5 level and surged higher. At the time of writing, DOT crypto was trading close to $6.128 indicating a swift 0.92% rise in intraday.
The long term as well as the short term trend outlook is bearish which may drive the price towards the lows again. Currently, the bulls seem to be struggling near the 20 day EMA.
Now, for the price to reclaim a bullish territory it needs to surpass the 200 day EMA above the $7 level. until the price is maintained below the 200 day EMA , it could be at the risk of another decline.