POLKADOT Price Analysis 10-10: DOT Struggling To Stay Above $4
Polkadot (DOT) is struggling to stay above $4 as intense selling pressure continues to weigh down the price. A drop below $4 could see DOT fall to $3.62.
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Polkadot (DOT) is struggling to stay above $4 as intense selling pressure continues to weigh down the price. A drop below $4 could see DOT fall to $3.62.
Mythos, a gaming-oriented blockchain company, is bringing unforeseen traffic to the Polkadot (DOT) network, with 3.6 million new accounts registered since Mythical Market was integrated with the DOT ecosystem, as of Wednesday, October 10.
Polkadot (DOT) continued its steady decline as sellers dragged the price below $4.10 after buyers lost momentum. DOT could drop to $4 or lower should its downward trajectory continue.
Despite some bullish momentum on the charts, DOT's rally to $4.98 remains conditional.
Polkadot (DOT) is struggling to recover from its latest downturn. The cryptocurrency has been mostly trading sideways since the middle of last week.
Polkadot, an interoperable blockchain, continues to build. Less than a month after launching Agile Coretime, the first core was bought for 69 DOT over the weekend.
Bitcoin (BTC) had a reasonably positive weekend, pushing back above $63,000 after dropping to a low of $60,031 on Thursday. The world's largest cryptocurrency is up by almost 3% over the past 24 hours, reaching a high of $63,916 earlier today before sellers pushed the price back below $63,500.
Polkadot ($DOT) managed to hold its position above $4 after a bearish week when the altcoin dropped to a low of $3.99 on Thursday.
Polkadot (DOT) ended Friday with an increase of 1.45%, pushing it to $4.19, as it looks to recover after falling to a low of $3.99 on Thursday.
Polkadot (DOT) has been navigating through turbulent market conditions, with its price recently dropping to $4.04, marking a significant decline of over 14% in just three days. As several altcoins struggle to maintain their recent gains amid rising geopolitical tensions, analysts are starting to see signals that could point to a potential bullish reversal for Polkadot.
Polkadot (DOT) is up over 1% in the past 24 hours, rebounding after dropping to a day low of $3.99 on Thursday. In the current session, DOT is up by 0.50% and trading around the $4.15 level.
Analysts predict Polkadot is ready for a major bullish reversal, with strong patterns indicating imminent upward momentum.
Polkadot (DOT) has shown significant efforts to leave a descending channel that connects lower and lower highs.
Polkadot (DOT) has been in the red since the weekend, with the altcoin having given up all the gains made since its September 18 recovery.
Despite recent market turmoil, DOT is showing considerable potential for an upward trend.
Polkadot (DOT) has been down almost 8% over the past 24 hours as escalating tensions in the Middle East have led to the crypto market crashing, with investors flocking to safe-haven assets.
Polkadot (DOT) saw a substantial drop on Monday as overall market sentiment and DOT's recent bearish trajectory saw it begin the week with a decline of almost 7%.
Polkadot's price is at a critical point—will it hold above $4.5 and continue its upward momentum, or face a deeper pullback?
Bitcoin (BTC) dipped below the $65,000 level early today after registering a drop of almost 2.50% over the past 24 hours and is currently trading just below the $65,000 mark. Spot Bitcoin ETFs also registered a surge in inflows, attracting around $449 million, fueling even further demand as speculation about a rate cut and soft US landing bets.
Polkadot ($DOT) trades in the red after a very bullish week. $DOT made an excellent run to reach the crucial $5 level, but its progress has stalled.
Polkadot (DOT) fell back in the red during the ongoing session, as it failed to push above $5 yet again, as selling pressure yanked the price down.
Polkadot experiences a price rebound driven by technical breakouts, suggesting potential for further gains.
Following a long six-month corrective phase, Polkadot (DOT) is attracting interest once more; some analysts think the token might be about to undergo a major bullish reversal. Among these, a market analyst referred to as “Worlds of Charts” notes that there has been an emerging pattern of a falling wedge at times interpreted as a sign of an imminent upward break.
Polkadot (DOT) has continued its upward trajectory as it inches towards a critical resistance level at $5. A breakout above this level could spark a major rally for the cryptocurrency, which has been in a downward trend for almost six months.