Crypto Blog
The $7.5 significant resistance region recently halted Polkadot’s bullish momentum, resulting in a 12% decline.
This consolidation stage indicates an equilibrium between buyers and sellers, confirmed by the RSI indicator hovering around the 50 mark. However, in a broader context, the price will likely continue consolidating within the decisive range marked by the $7.5 resistance and the $6.2 support. A definitive breakout from this range is imperative to set the direction for a sustained trend.On the 4-hour chart, Polkadot’s price failed to reclaim the crucial resistance region defined by the 0.5 and 0.
As the price approaches a tight, narrow range marked by the wedge’s lower boundary and the 0.5 Fibonacci level, the upcoming price action will determine the next move. A breakout in either direction looks imminent.Analyzing the futures market metrics alongside Polkadot’s price fluctuations can provide valuable insights for traders.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana (SOL) Might Reclaim $160, But This Needs to Happen FirstSolana eyes epic rebound despite 260K SOL sell-off fear
Read more »
Here’s what needs to happen for The Graph price to revisit $0.422The Graph (GRT) price consolidation below a key hurdle shows that it is ready for a volatile move.
Read more »
The Far Side's 1994 TV Adaptation Proves A Movie Needs To HappenThe Far Side needs a new movie adaptation.
Read more »
Dune Shouldn't Have A Part 3 – But A Sequel Still Needs To HappenDune 2 Timothée-Chalamet Faces the Camera Photo Edit
Read more »
Polkadot (DOT) Ecosystem Recap: Here are the Latest AdvancementsCrypto Blog
Read more »
Crypto Price Analysis May-10: ETH, XRP, ADA, SHIB, and DOTCrypto Blog
Read more »