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Trading Signals

Polkadot cryptocurrency trades up $0.161, approximately 2.5% higher this afternoon

13 April 2023

DOTUSD

Polkadot rallies $0.161 (2.5%) deep into the session, trading at $6.57.

Polkadot reversed direction at $6.48 resistance zone and retreated back 9 cents below it. Despite posting gains so far today, Polkadot slid below its 3 day Simple Moving Average at $6.38 in earlier trade — an early indicator that a negative trend could be emerging. Polkadot's upper Bollinger Band® is at $6.59, this is a slight indication of a slowdown. On the other hand, note that price action overcame a known Fibonacci resistance level at $6.44 by around $0.134 with prices hammering out a $6.36 – $6.58 session range.

Technical analysis suggests there could be an imminent reversal for Polkadot.

Other markets are also showing gains as FTX Token gained 9.54% and is now trading at $1.36. EOS added 5.09% to its value, now trading at $1.27. Ethereum is up 4.26%.

Over the past 11 months, Polkadot has retreated 66.73% from a noteworthy peak of $19.27. Polkadot has a market cap of 7.73 billion with an average daily volume of 155.40 million.

Market Summary

Latest Crypto News

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Polkadot cryptocurrency trades up $0.036, approximately 0.64% higher this afternoon

Passive Asia-Pacific markets defy bearish US sentiment

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

LTC cryptocurrency trades up $0.62, approximately 0.74% higher going into tomorrow

XRP is down 0.31%, trading at $0.458

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