- Polkadot pricing research reveals a constant downward trend.
- DOT is supported at $5.95 and opposed at $6.94.
- In previous hours, DOT prices have plummeted by more than 8.26%.
After a significant plunge in the Polkadot (DOT) market in recent hours, the price of DOT slid by 8.26% to $6.09, as of press time.
As a result of heightened selling pressure in the DOT market, market capitalization fell by 6.08% in the last 24 hours to $7,003,859,876 while 1-day trading volume climbed by 41.78% to $864,298,255.
Keltner Channels bands are drifting downhill, with the upper band reaching 7.24 and the lower band hitting 5.97, indicating that the DOT market is in a period of depression.
The Coppock curve is moving below the zero line with a reading of -17.63 and is trending downwards, signaling that the bearish trend will continue. This is a negative sign for APE investors, indicating that the sell signal might be used to finish out long positions.
The MACD blue line, which moves in the negative region with a reading of -0.16 and points south, also confirms this negative momentum, indicating that the bears may remain in control of the price.
The widening Bollinger Bands show intense selling pressure, with the upper band touching 7.44 and the lower band touching 6.02. Market price movement towards the lower bands maintains this momentum.
With a reading of 0.02 and trending south, the Chaikin Money Flow (CMF) has lately made a bearish crossover and is moving towards the negative area.
As the bears maintain control of the Polkadot (DOT) market, technical signs indicate towards continuous bearish run.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
 market.){kind=link}