Polkadot Price Prediction: DOT/USD May Stay Above at the Upside
The Polkadot price is likely to continue its upward movement as long as it stays above the moving averages. Traders can expect a bullish continuation if the buyers increase the pressure. The potential resistance levels in the long term are $8.5, $9.0, and $9.5. If the coin starts moving sideways, it may break above the channel or head south. A bullish movement may continue, but a bearish cross below the lower boundary of the channel could push the price back to the long-term support levels at $5.5, $5.0, and $4.5.
DOT/BTC Bulls Could Play Out
In the DOT/BTC market, the Polkadot price is following a bullish movement above the moving averages. However, if the bears gain momentum and the 9-day MA crosses below the 21-day MA, it could suggest bearish signals. If the coin moves towards the lower boundary of the channel, it may hit the nearest support level at 1500 SAT. Any further negative movement could lower the price to 1450 SAT and below. On the other hand, a bullish cross above the upper boundary of the channel may locate the resistance at 1950 SAT and above.
Alternatives to Polkadot
While the Polkadot price continues to show gains, traders should be cautious about recent candle formations crossing below the moving averages. The closest support level is at $6.5, and a bullish wave could drive the price significantly above the upper boundary of the channel. It’s also worth considering Bitcoin Minetrix as an alternative, which has strong support and promising growth prospects.
Hot Take: Bitcoin Minetrix Offers Potential for Quick Gains
Bitcoin Minetrix is a new crypto mining platform that offers decentralized, secure cloud mining and the chance to earn free Bitcoin daily. With over $5.2 million raised in its ongoing presale, the token shows substantial growth potential, particularly in mining. Traders looking for quick gains may find Bitcoin Minetrix to be a promising investment option.
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