• Contact Us
  • Privacy Policy
  • Live Exchange
  • LIVE ICO
  • Shop
Saturday, February 27, 2021
CryptoNewsking.com
Advertisement
  • Home
  • LIVE UPDATES
    • Live Coin Market Cap
    • Live Exchange
    • LIVE ICO
  • News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Blockchain
    • Altcoin News
    • Exchanges News
    • Wallet News
    • Regulation
    • ICO
  • Guide Reviews
    • How to Buy Crypto
    • Bitcoin 101
    • Ethereum 101
    • Blockchain 101
    • Mining 101
    • Coins
    • Exchanges
    • Wallets
  • Market
  • Price Analysis
  • Business
  • Videos
  • Shop
No Result
View All Result
  • Home
  • LIVE UPDATES
    • Live Coin Market Cap
    • Live Exchange
    • LIVE ICO
  • News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Blockchain
    • Altcoin News
    • Exchanges News
    • Wallet News
    • Regulation
    • ICO
  • Guide Reviews
    • How to Buy Crypto
    • Bitcoin 101
    • Ethereum 101
    • Blockchain 101
    • Mining 101
    • Coins
    • Exchanges
    • Wallets
  • Market
  • Price Analysis
  • Business
  • Videos
  • Shop
No Result
View All Result
CryptoNewsking.com
No Result
View All Result
Home Bitcoin News

Polkadot (DOT) Holding Gains Despite Sharp Drop in BTC and ETH

01/21/2021
in Bitcoin News
0
Polkadot (DOT) Holding Gains Despite Sharp Drop in BTC and ETH
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Polkadot’s DOT surged towards $18.50 before correcting lower against the US Dollar. It is holding gains above $15.00 despite a crash in bitcoin and Ethereum.

  • DOT rallied above $12.00 and $15.00 before it faced sellers near $18.50 against the US dollar.
  • The price is trading nicely above the $15.00 support and he 100 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $15.50 on the 4-hours chart of the DOT/USD pair (data source from Kraken).
  • The pair remains in a positive zone and it is likely to continue higher towards $18.50 and $20.00.

Polkadot’s DOT Stable Above $15

After a close above the $12.00 level, DOT started a fresh rally above the $15.00 resistance level. There was a strong bullish momentum above $15.00 and the price even climbed above $18.00.

Related articles

A 15 y.o. boy Earns 0.5 BTC in One Day!

A 15 y.o. boy Earns 0.5 BTC in One Day!

02/22/2021
Three Reasons Why Metadata Privacy Is the Next Level Evolution Towards Data Privacy

Three Reasons Why Metadata Privacy Is the Next Level Evolution Towards Data Privacy

02/22/2021

However, the bulls failed to test the $20.00 level. The recent high was formed near $18.37 and the price recently corrected lower. There was a break below the $16.50 support level, but the bulls were active near the $15.00 and $14.80 support levels (a multi-touch zone).

A low is formed near $14.78 and the price is currently rising. It broke the $16.00 level and tested the 50% Fib retracement level of the downward move from the $18.37 swing high to $14.78 low.

Source: DOTUSD on TradingView.com

There is also a key bullish trend line forming with support near $15.50 on the 4-hours chart of the DOT/USD pair. The price is clearly trading nicely above the $15.00 support and he 100 simple moving average (4-hours). On the upside, a break above the $16.60 level could spark a fresh increase.

The next key resistance could be near $17.50 or the 76.4% Fib retracement level of the downward move from the $18.37 swing high to $14.78 low. Any more gains may possibly call for a break above $18.50.

Fresh Dip?

If DOT price fails to continue higher above $16.50 and $17.00, there could be a fresh decline. The first key support is near the $15.50 level and the trend line.

A successful break below the trend line support could put the $15.00 support at a risk. Any more losses may possibly call for a drop towards the $14.00 level.

Technical Indicators

4-Hours MACD – The MACD for DOT/USD is gaining momentum in the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for DOT/USD is still above the 50 level.

Major Support Levels – $15.50, $15.00 and $14.80.

Major Resistance Levels – $16.50, $17.20 and $18.50.

Credit: Source link

Share76Tweet47

Related Posts

A 15 y.o. boy Earns 0.5 BTC in One Day!

A 15 y.o. boy Earns 0.5 BTC in One Day!

02/22/2021
0

An American teenager from Miami, Florida earned 0.7 BTC in one day. His name is Karl Miller and he is...

Three Reasons Why Metadata Privacy Is the Next Level Evolution Towards Data Privacy

Three Reasons Why Metadata Privacy Is the Next Level Evolution Towards Data Privacy

02/22/2021
0

Most people think metadata is something you only have to worry about if you are running an SEO campaign. However,...

Leading DeFi Projects to Follow in 2021

Leading DeFi Projects to Follow in 2021

02/22/2021
0

Without a doubt, dApps will continue to disrupt the crypto world as companies are investing heavily in the development of...

Ethereum (ETH/USD) Falls 26% From Historic High; What’s Next?

Ethereum (ETH/USD) Falls 26% From Historic High; What’s Next?

02/22/2021
0

Ethereum fell Monday in sync with the cryptocurrency market’s other top assets, including Bitcoin, Binance Coin, Polkadot, and Cardano. The...

Bitcoin Drops After Record-Setting Rally; Is Bearish Bias Returning?

Bitcoin Drops After Record-Setting Rally; Is Bearish Bias Returning?

02/22/2021
0

Key Bitcoin Takeaways Bitcoin plunged by almost 5.5 percent on Monday after setting up a record high in the previous...

Load More
  • Trending
  • Comments
  • Latest
Auto Claim faucet via termux tinggal nyantai #cryptocurrency

Auto Claim faucet via termux tinggal nyantai #cryptocurrency

07/21/2019
Using the New Shapeshift Cryptocurrency Trading Platform with the KeepKey Hardware Wallet

Using the New Shapeshift Cryptocurrency Trading Platform with the KeepKey Hardware Wallet

07/21/2019
How Bitcoin Price Could Setup A Strong Surge Above $19.5K

How Bitcoin Price Could Setup A Strong Surge Above $19.5K

12/05/2020
Trader Claims Uniswap’s UNI Will Plunge to $2.00 Prior to Platform’s V3 Launch

Trader Claims Uniswap’s UNI Will Plunge to $2.00 Prior to Platform’s V3 Launch

10/17/2020
3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

02/27/2021
Bitcoin plunges, Ethereum suffers, Musk loses billions

Bitcoin plunges, Ethereum suffers, Musk loses billions

02/27/2021
This bullish Bitcoin options strategy lets traders speculate on BTC price with less risk

This bullish Bitcoin options strategy lets traders speculate on BTC price with less risk

02/27/2021
6 Questions for Kain Warwick of Synthetix – Cointelegraph Magazine

6 Questions for Kain Warwick of Synthetix – Cointelegraph Magazine

02/27/2021
CryptoNewsking.com

CryptoNewsKing.com is a curated world cryptocurrency news online portal which aims to provide the latest crypto and blockchain related news with real time updates from all around the world.

Donate

Do you like what we offer? Your donation can help us continue to improve the services we offer. Please send your donations to the addresses below. Thank you for your support and may the crypto force be with you.

BTC 

35RWoVxFbnmySWFHtYNV28rU4Hyf5TrTXD

ETH

0x1B35F874152c7d597029007f98f1F2361179034B

LTC

MJ3Cv9NXPt8ZM9x6mDiHGUFpm5yhiNntwT

Subscribe to get more!

  • Contact Us
  • Privacy Policy
  • Live Exchange
  • LIVE ICO
  • Shop

© 2019 CryptoNewsKing.com - All rights reserved

No Result
View All Result
  • Home
  • LIVE UPDATES
    • Live Coin Market Cap
    • Live Exchange
    • LIVE ICO
  • News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Blockchain
    • Altcoin News
    • Exchanges News
    • Wallet News
    • Regulation
    • ICO
  • Guide Reviews
    • How to Buy Crypto
    • Bitcoin 101
    • Ethereum 101
    • Blockchain 101
    • Mining 101
    • Coins
    • Exchanges
    • Wallets
  • Market
  • Price Analysis
  • Business
  • Videos
  • Shop

© 2019 CryptoNewsKing.com - All rights reserved