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Trading Signals

Bearish Polkadot currently $0.066 lower after trading as high as $5.91

01 May 2023

DOTUSD

Polkadot is grinding lower from $5.88 to $5.82, shedding $0.066 (1.12%) today.

Bollinger Bands® shows an indication of recovery: the lower band is at $5.43, a low enough level to, generally, suggest that Polkadot is trading below its fair value. Polkadot could begin to recover as it approaches significant support, now 1 cents away from $5.82. Dipping below could be an indication that further losses are ahead.

Technical analysis indicates that Polkadot (currently on a downtrend) might reverse course and start pointing upward in the short term.

In the meantime, negative performances are also seen in other markets, Bitcoin closed at $28,600 (down 2.24%).

Positive performances can be seen by looking at other markets as FTX Token gained 9.54% and is now trading at $1.36. Having closed the previous session at $0.067, TRON is up 2.66% today to currently trade at around $0.069.

Having set a significant high of $16.31 11 months ago, Polkadot is trading 63.91% lower. Polkadot is currently trading with a market cap of 6.86 billion with an average daily volume of 190.42 million.

Market Summary

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Ether cryptocurrency trades up $15.34, approximately 0.8% higher going into tomorrow

Passive Asia-Pacific markets defy bearish US sentiment

After five days of going down, Solana is flat today, hovering around $20.62

Binance Coin cryptocurrency trades up $1, approximately 0.32% higher going into tomorrow

Bitcoin Cash down $3.19 reaching $113, for its 4th straight negative day

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