Whats Next For Polkadot As The Bears Reappear - BitcoinEthereumNews.com
Image Source: TradingView DOT/USD The price of DOT was seen below the 20-SMA line which meant that the price momentum of the coin was dragged by sellers. The nearest support region for DOT stood from $20.91 to $19.65. Polkadots trendline has been on the upside in the past few days as the coin continued to secure gains over the mentioned time frame. Polkadot considerably traded at the $22 price mark for a long, however, its attempt to move above that price level was dampened by the bears. The coin failed to trade above the crucial resistance mark, as a reason, DOT depreciated at press time. Continued sideways trading will further push prices down from the current level. Technical outlook also picked up on the bearish price action and flashed bearishness at the time of writing. The Relative Strength Index had managed to sustain over the half-line as long as the bulls were near $22, the moment the coin lost momentum RSI fell through the zero-line. A fall beneath the zero-line presented a sell signal and sellers were seen overtaking buyers in the market. MACD was also negative as the indicator underwent a bearish crossover. Red histograms were seen below the half-line, in accordance with