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DOT Price Analysis :Is the breakout real

source-logo  thecoinrepublic.com 21 July 2021 18:34, UTC
  • Dot is trading at $10.951 around -4.56% down form the previous level 
  • The coin is trading at its support if it breaks then we can see good momentum 
  • The coin is trading at 0.0003678 BTC around 1.54% down and 0.006119 ETH around 2.93% down with respect to bitcoin and ethereum 

tradingview

Polkadot is an open-source sharding multichain protocol that helps in the cross-chain transfer of any data or asset types. The market capitalization of the coin is $11,977,715,217 and the circulating supply of 977,054,856.66 DOT. 

On volume analysis, we get to know the volume in the coin is increasing . The last 24 hr trading volume of the coin is $632,672,714.

CHART ANALYSIS

On charts we can see that the coin is trading at $10.91. The coin had given the breakout of a descending triangle on heavy volume which indicates that the breakout is real and we can see further fall. The coin is trading near its support line if it breaks then we can see big fall in the upcoming days 

Indicator analysis


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According to indicator analysis we can see that 50 DEMA crossover had already formed on the charts and 200 DEMA is trading very near to 100 DEMA and they will cross each other in upcoming session 

RSI is trading at 30.38 on its oversold region. No sign of any divergence in the coin 

In MACD we can see that signal line had crossed the MACD line and rising histogram show increasing momentum in the coin  

MAJOR SUPPORT AND RESISTANCE 

S1= $10.951 AND S2=$ 7.708

R1= $19.53  AND  R2=$ 26.02

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