Polkadot Price Prediction Today, October 31: DOT Pushes Slowly
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Polkadot Price Prediction – October 31st
DOT/USD market operations are less active as the crypto economy slowly moves below the $7 trading line over time. At the time of writing, the price is trading around negative 0.15%.
Dot/USD Market
Main levels:
Resistance Levels: $7, $8, $9
Support Levels: $5, $4, $3
DOT/USD – daily chart
The daily chart shows that the DOT/USD market operation is slowly pushing towards the $7 resistance level. The 14-day SMA indicator at $6.34 is below the value point of the 50-day SMA indicator at $7.21. The lower horizontal line drawn at the $6 support level shows that the market has fallen significantly over time. The Stochastic is in overbought territory, holding values between 99.51 and 97.62.
Are there any strong signals that the DOT/USD market will rise further on the next move?
At the moment, there are no concrete signs to support further DOT/USD market rally following the operation. Foreshadowing the situation, the price could not lose basis far from the support baseline at the $6 support level. You should reset your stance around the value point by applying and executing a buy limit order.
On the downside of technical analysis, given the weight of the trading capacity, it doesn’t look like DOT/USD will be able to break through the $7 barrier of market levels anytime soon. DOT/USD market operations are less active as the crypto economy slowly moves below the $7 trading line over time. At the time of writing, the price is trading around negative 0.15%.
DOT/BTC price analysis
At the high trading zone, the polka dot began to push tirelessly against Bitcoin’s trend catalyst. The pairing cryptocurrencies are slowly pushed up from the bottom towards the trend line of the larger SMA. The 14-day SMA indicator is below his 50-day SMA indicator. The Stochastic has broken out of the overbought territory and is holding the range values of 91.84 and 98.90 southwards. This means that the base crypto has not yet yielded to the power of its counter-trading instruments.
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Related
Dash 2 Trade – High Potential Presale
- Active Presale Live – dash2trade.com
- Native Token of the CryptoSignal Ecosystem
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Polkadot Price Prediction Today, October 31: DOT Pushes Slowly
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