Polkadot Price Prediction for Today, 28 November: DOT Retests a Potential Bullish Reversal Level

Join Our Telegram channel to stay up to date on breaking news coverage

There is a weak bullish momentum in Polkadot market

DOTUSD Price Analysis – 28 November

In case the support level of $5.0 does not hold, bears’ pressure may break down the support level of $5.0 and the $4.3 and $4.0 levels may be tested. Opposition from the buyers may reverse the Polkadot direction towards the resistance levels of $5.3, $5.6, and $6.0.

DOT/USD Market

Key levels:

Resistance levels $5.3, $5.6, $6.0

Support levels: $5.0, $4.3, $4.0

DOTUSD Long-term Trend: Bearish

DOTUSD is on the bearish movement on the long-term outlook. Sellers continue to hold unto the Polkadot market. The momentum of sellers remains strong and it is pushing down the coin to the low of $5.0. The pressure of the sellers may break down the just mentioned level if there is no opposition from the buyers.

The fast Moving Average (9-periods EMA) remains below the slow Moving Average (21-periods EMA) and the price is below the two EMAs as a sign of bearish movement. In case the support level of $5.0 does not hold, bears’ pressure may break down the support level of $5.0 and the $4.3 and $4.0 levels may be tested. Opposition from the buyers may reverse the price direction towards the resistance levels of $5.3, $5.6, and $6.0.

DOTUSD medium-term Trend: Bearish

DOTUSD is bearish on the 4-hour chart. The currency pair is currently ranging within the resistance level of $5.3 and $5.0 levels. The bulls’ momentum is weak and cannot break up the resistance level of $5.3. Likewise, the bears’ pressure is weak and the support level of $5.0 holds. The ranging movement continues until there is a breakout.

The 9-periods EMA is interlocked with the 21 periods EMA and the price is hovering below the two EMAs.  The relative strength index period 14 is at 39 levels with the signal lines pointing downside to indicate a sell signal.

The IMPT presale has raised almost $13.5 million and it is important to know that it is live on their official website. This project makes everybody partake and assist the planet in a cool and efficient manner. Do not miss this attractive offer.  You can also join their Discord channel.

The FTX disaster shows that there is a need for a cutting-edge, innovative platform that can detect disasters that are similar to FTX/FTT, and enable speculators to pinpoint secure trading signals for massive returns.  The platform is Dash 2 Trade (D2T), whose presale is currently ongoing. The presale has realized about $7.5 million. D2T affiliate program is also open to all. You can earn your share of the revenue by using the Dash 2 Trade referral links!

Related

Dash 2 Trade – High Potential Presale

Dash 2 Trade
  • Active Presale Live Now – dash2trade.com
  • Native Token of Crypto Signals Ecosystem
  • KYC Verified & Audited

Dash 2 Trade


Join Our Telegram channel to stay up to date on breaking news coverage

Source: https://insidebitcoins.com/news/polkadot-price-prediction-for-today-28-november-dot-retests-a-potential-bullish-reversal-level