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The Polkadot price analysis predicts a decreasing trend for the day as the coin value lowered to $7.27 again.

Big things are happening in the Polkadot ecosystem as the latest data confirmed growing speculation. Polkadot emerged as the top chain by development activity in the past 24 hours.

Polkadot (DOT) price shows that the coin has finally latched on to its support zone. Polkadot price analysis looks extremely bearish resistance at support at $7.05 The bulls did a clap back and were able to rebound as DOT dodged further downtrend that falls below $7.22 and instead went for a range upwards or shooting towards $7.42.

Although cryptos appear to be turning around in recent weeks, investors still need to be cautious in case another correction is coming.

The Polkadot price analysis report reveals that the coin seems to have found its support floor. Bulls strived hard to make a comeback yesterday, and so far, they are successful enough as the coin rejected further downside below $7.22 and covered a range upward to $7.42.

It goes without saying that everyone in the cryptocurrency business, particularly investors and traders, have been negatively impacted by the bear market of 2022. After two weeks of rather a calm cryptocurrency market activity, a Friday sell-off frenzy has rattled altcoin values. As analysts sought to identify the source of the slowdown, prices fell everywhere.

Polygon (MATIC) and Polkadot (DOT) are two altcoins that have gone on spectacular rollercoaster rides since they launched.

The Polkadot price analysis shows a bearish trend for the cryptocurrency as the bears have been at the winning edge for the last 24 hours. Although a strong bearish wave was controlling the price trend in the previous week, today's trend also proved relatively in support of the sellers as of yet.

Polkadot Price Prediction – August 20After a long range of northward movement, Polkadot now reverses southward, trading against the purchasing power of the US Dollar.

The price of Polkadot (DOT) has resumed its downtrend as the price falls below the moving average lines.

The Polkadot price analysis reveals that the buyers are leading the price action, as the bulls have returned in the last 24 hours. The price is on its way towards revival and has recovered up to the $7.44 mark during the day.

A Friday crypto meltdown has left the crypto majors in the deep red for the week, Significantly, technical indicators have turned bearish ahead of the Fed.

It has been a choppy week for the crypto market, with Friday's sell-off sending the broader market into the deep red. However, several coins stand out.

Inflation fears have hammered crypto today.

Bitcoin and altcoins sold-off sharply on Friday, leading technical traders to forecast a possible drop to new yearly lows.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Polkadot's [DOT] efforts to alter the long-term bearish trend took a toll after an expected rising wedge breakdown.

Polkadot trend reversed after it was rejected at the upper limit around the 10th of this month.

The Polkadot price analysis reveals that a downward movement in DOT/USD price has been observed today, which has cast quite a negative impact on the overall coin value. The price has degraded up to $7.84 value after the bearish trend.

The Polkadot price prediction may cross into the positive side as the price remains below the 9-day and 21-day moving averages.

The result of Gnox's smart contract audit has been publicly released in the run-up to the token launching, and early investors have rallied behind the news.

The Polkadot price analysis is bullish for today as the coin has gained bullish momentum since the start of the trading session. The price has recovered to the $8.41 level as bulls got the lead back after the price took a steep plunge yesterday.

Crypto and stock markets corrected as traders grew nervous ahead of Wednesday's FOMC minutes, but the real stress point is whether traders will “buy the dip.”

DOGE leads the crypto charge going into the Wednesday session. With SHIB also on the rise, the meme coin breakout could support the broader market.

Polkadot is pulling back DOTUSD Price Analysis – August 16 Polkadot may continue the bullish movement provided the resistance level at $9.