Polkadot is fighting to exceed the resistance of USD 24.50
Polkadot is fighting to exceed the resistance of USD 24.50
Polkadot recovers from the latest losses, but cryptocurrency is still struggling to overcome its short -term level of resistance near USD.
The cryptocurrency market continued to recover from its recent decline. Bitcoin rose by 4% and currently acted around $ 40,000 per coin. Ether also recovers and approaches $ 3,000 again.
Polkadot also recover. The price of cryptocurrency has increased by 9.5% in the last 24 hours. However, it continues to fight to cross its short -term level of resistance and hinder its rally. Nevertheless, some experts see the long -term pricing potential of Polkadot optimistic.
still ready, prediction of the highest bull cycle; #bitcoin at 350,000-450,000 USD #ether at 10,000-17,500 USD #tabt to 250-350 $ #chainlink to 250-350 $ #cardano to 10-20 $ #zilliqa to $ 5-7 #elrond to $ 500-750 #dia to 50-75 $
some may be conservative.
- Michaël van de Poppe (@Cryptomichnl) 26. May 2021
dot price view
Polkadot is one of the best performers among the leading cryptocurrencies of the past 24 hours. Dot has increased by almost 10% over the last 24 hours compared to the USD. However, it is difficult to exceed short -term resistance levels close to $ 24.50.
If the DOT / USD pair exceeds this level of resistance, this would give the bulls the necessary momentum to target the next resistance point at $ 28.58. With a longer rally, Dot could soon exceed $ 30. However, it is still far from its all-time high of $ 50 that was reached at the beginning of this month.
dot / USD 4-hour chart. Source: coeralyze
The technical indicators of Dot are still bearish, but this is understood when you consider that the price of cryptocurrency has dropped in the past week. If DOT / USD cannot overcome the short -term level of resistance and continue to act by $ 23, speculators could suspect that more declining activities can be created.
Careful sellers on the market with bears perspectives may want to wait for smaller reversals within Polkadot to activate their short positions. You could strive for support as a take-profit plan. Dot could fall under the 20 USD mark if the bears regain control of the market.
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Source: Coinlist.me