DOT Moves Sideways as Price Slides Below $7

The Polkadot price prediction shows that DOT is ranging below the 9-day and 21-day moving averages within the channel.

Polkadot Prediction Statistics Data:

• Polkadot price now – $6.83
• Polkadot market cap – $6.7 billion
• Polkadot circulating supply – 987.5 million
• Polkadot total supply – 1.1 billion
• Polkadot Coinmarketcap ranking – #12

DOT/USD Market

Key Levels:

Resistance levels: $10, $11, $12

Support levels: $4, $3, $2

DOT/USD is trading at $6.83 as the coin keeps moving within the channel and below the 9-day and 21-day moving averages, indicating an indecisive movement in the market. For the time being, the market price is heading towards the support level of $6.5 as the trading volume is issuing a sell signal, while the technical indicator confirms the sideways movement.

Polkadot Price Prediction: DOT Price May Not Be Ready for The Upside

At the time of writing, the Polkadot price is still at the downside as bulls couldn’t push the coin to the upside. Therefore, if the sellers increase the pressure and bring the Polkadot price below the support level of $6.5, it is likely that the coin create a new low in the next negative direction.

However, any bullish movement above the moving averages could lead the market to crucial resistance levels at $10, $11, and $12. On the contrary, if the coin heads towards the lower boundary of the channel, the DOT price could reach the critical supports at $4, $3, and $2 as the technical indicator Relative Strength Index (14) moves around the 40-level.

DOT/BTC Market: Price May Head to the Downside

Against Bitcoin, the Polkadot is trading with a bullish candle below the 9-day and 21-day moving averages. The technical indicator Relative Strength Index (14) is moving above the $40-level, which could bring more bullish signals into the market. A further bullish movement may likely hit the resistance level of 4200 SAT and above.

However, any form of retreat could bring the coin to the support level of 2400 SAT and below. But buyers may need to gather enough momentum to push the market price to the north. For now, DOT/BTC is moving sideways and may start rising once the technical indicator spike to the upside.

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