Polkadot (DOT): Touching Again EMAs (100&200)

Polkadot has again reached the zone of EMAs and is currently looking pretty strong.

We are now keeping an eye on a potential rejection from our current zone. If we get one, movement to lower zones will start (as it has been after rejecting EMAs).

Swallow Team

Comment:

Polkadot is not going anywhere from that upper resistance zone that has been pressuring it to lower zones steadily.

We are not looking for that bearish scenario to play out fully and possibly even break that lower supportive zone in a couple of days!

Swallow Team

Comment:

While the pressure is continuing, we are also seeing that 100EMA is now also acting as a resistance zone after recent breakdown.

We are still monitoring that resistance zone of EMAs and trend of resistance...price seems pushy, but yet is not showing any reasons to breakout from there!

Comment:

Polkadot has made a good movement, sliding below that upper trend pressuring the market price and resulting in a small, humble gain. We wait for further move here!

✅ We got +8.16% of marketprice movement