Polkadot price decreased by -3.00% over the past 24 hours.

DOTUSDT Chart by TradingView

DOT Analysis

Polkadot (DOTUSDT) price over 7 days gained 18.43% to 6.44. At time of writing, Polkadot has decreased by -3.00% over the past 24 hours. For the record, DOTUSDT is -88.22% below all-time high of 54.98.

Over the last 30 days, DOT is up by 1.47% while 12-month period is down by -65.91%.

What can we expect from Polkadot today?

On the daily timeframe, our analysis is that there could be selling pressure.

while on the downside, we are looking at daily low of 6.28 as an important support. Break below this level could weaken the current bullish momentum.
Looking ahead for the day, immediate support level is at 6.25 (S1) with break below could see further selling pressure towards 6.07 (S2). For potential buyers, as the current momentum is falling, we prefer to look at firm break of the recent daily high of 6.69 as an important indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment.

Key levels to watch out:

About Polkadot

Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology.Polkadot is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network. Even non-blockchain systems or data structures can become parachains if they fulfill a set of criteria.Polkadot may be considered equivalent to a set of independent chains (e.g. a set containing Ethereum, Ethereum Classic, Namecoin and Bitcoin) except with important additions: pooled security and trust-free interchain transactability.Many of the native parachains of Polkadot will be written using a Polkadot Runtime Environment SDK (e.g. Parity Technologies’ Substrate).