{"id":497275,"date":"2022-08-02T03:01:54","date_gmt":"2022-08-02T03:01:54","guid":{"rendered":"https:\/\/ktsl888.com\/?p=497275"},"modified":"2022-08-02T03:01:54","modified_gmt":"2022-08-02T03:01:54","slug":"dot-clamping-on-8-support","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dot-clamping-on-8-support\/","title":{"rendered":"DOT Clamping On $8 Support Crucial To Maintain Bullish Pace"},"content":{"rendered":"

Can Polkadot (DOT) hold on to dear life as its price nosedived by 4% on the daily charts right after it peaked at $8.84? The $8 support line is seen as a critical zone for the coin, especially with the prevailing seller pressure going on.<\/span><\/p>\n

DOT is seen to go downhill or can plunge to $6 in the coming days. On the brighter side, the token’s price is generally bullish as shown in the extended increase which propelled its price to a high of $8.84 seen yesterday.<\/span><\/p>\n

On the other hand, DOT is seen to have decreased by 4% in price overnight. On July 26, 2022, its price formed an extended ascending triangle pattern when the price plunged to a mere $6.55.Cryp<\/span><\/p>\n

Related Reading: Solana Pressured To Register A Breakout \u2013 Can The Bulls Lift SOL This Week?<\/a><\/div>\n

DOT Breaks Resistance At $8.5<\/b><\/h2>\n

Hereinafter, DOT has been extremely bullish and breaking the resistance seen at $8.5 and as it trades above $8.60.<\/span><\/p>\n

Support clamped at $8 is mission-critical for Polkadot price, especially with imminent selling pressure. With that in mind, any movement that swerves below this critical line could trigger a worse downtrend that may result in a price decline to $6.15.<\/span><\/p>\n

Major cryptocurrencies like Bitcoin and Ethereum also suffered a massive drop in the past 24 hours. Bitcoin evidently dipped by 3% or towards $23,700, while Ethereum plunged dramatically to $1,700. With the altcoins, Ripple spiked by 3% reaching $0.38, Cardano dropped to $0.52, Solana soared to $44.22, while Dogecoin plunged by 3% and fell to $0.07.<\/span><\/p>\n

Can Crypto Maintain Its Bullish Momentum?<\/b><\/h2>\n

Based on the 24-hour chart, Polkadot’s price is seen shooting for an uptrend that showed a price increase to $8.84 seen yesterday. On the other hand, DOT price has experienced volatility which prompted the price to move downwards.<\/span><\/p>\n

Still, the DOT price has remained hovering over the critical 9 and 21-day moving averages as well as the 50-day EMA that registers at $7.80.\u00a0 More so, there is a huge potential for the price to touch the resistance levels spotted initially at $9.20 and next at $12.5.<\/span><\/p>\n

DOT RSI has also soared so much that it covered the overbought zone spotted at 61.72 overnight, which may impact the price in the next trading sessions. As a consequence, DOT trading volume also dropped by 17% which implies reduced market valuation.<\/span><\/p>\n

Related Reading: Despite Polygon\u2019s Bullish Run, Buyers Struggle Near Resistance Of $1.0<\/a><\/div>\n

The Moving Average Convergence Divergence (MACD) is seen forming seismic patterns of higher lows keeping a solid bullish divergence.<\/span><\/p>\n

So, the next 24 hours is critical. DOT price should be able to claim strongly with its $8 support because an inch below this level can clearly invalidate the coin\u2019s bullish streak that may send DOT downhill with the next support spotted at $4.5.<\/span><\/p>\n

<\/span><\/p>\n

DOT total market cap at $7.7 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from VOI, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Can Polkadot (DOT) hold on to dear life as its price nosedived by 4% on the daily charts right after it peaked at $8.84? The $8 support line is seen as a critical zone for the coin, especially with the prevailing seller pressure going on. DOT is seen to go downhill or can plunge to $6 in the coming days. On the brighter side, the token’s price is generally bullish as shown in the extended increase which propelled its price to a high of $8.84 seen yesterday. On the other hand, DOT is seen to have decreased by 4% in price overnight. On July 26, 2022, its price formed an extended ascending triangle pattern when the price plunged to a mere $6.55.Cryp DOT Breaks Resistance At $8.5 Hereinafter, DOT has been extremely bullish and breaking the resistance seen at $8.5 and as it trades above $8.60. Support clamped at $8 is mission-critical for Polkadot price, especially with imminent selling pressure. With that in mind, any movement that swerves below this critical line could trigger a worse downtrend that may result in a price decline to $6.15. Major cryptocurrencies like Bitcoin and Ethereum also suffered a massive drop in the past 24 hours. Bitcoin evidently dipped by 3% or towards $23,700, while Ethereum plunged dramatically to $1,700. With the altcoins, Ripple spiked by 3% reaching $0.38, Cardano dropped to $0.52, Solana soared to $44.22, while Dogecoin plunged by 3% and fell to $0.07. Can Crypto Maintain Its Bullish Momentum? Based on the 24-hour chart, Polkadot’s price is seen shooting for an uptrend that showed a price increase to $8.84 seen yesterday. On the other hand, DOT price has experienced volatility which prompted the price to move downwards. Still, the DOT price has remained hovering over the critical 9 and 21-day moving averages as well as the 50-day EMA that registers at $7.80.\u00a0 More so, there is a huge potential for the price to touch the resistance levels spotted initially at $9.20 and next at $12.5. DOT RSI has also soared so much that it covered the overbought zone spotted at 61.72 overnight, which may impact the price in the next trading sessions. As a consequence, DOT trading volume also dropped by 17% which implies reduced market valuation. The Moving Average Convergence Divergence (MACD) is seen forming seismic patterns of higher lows keeping a solid bullish divergence. So, the next 24 hours is critical. DOT price should be able to claim strongly with its $8 support because an inch below this level can clearly invalidate the coin\u2019s bullish streak that may send DOT downhill with the next support spotted at $4.5. DOT total market cap at $7.7 billion on the daily chart | Source: TradingView.com Featured image from VOI, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":497277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,83366],"tags":[1144,83457,86493,65296,8686,9753],"class_list":["post-497275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-polkadot-dot","tag-btcusd","tag-dot","tag-dot-price","tag-ethbtc","tag-ethusd","tag-polkadot"],"acf":[],"yoast_head":"\nDOT Clamping On $8 Support Crucial To Maintain Bullish Pace<\/title>\n<meta name=\"description\" content=\"Can Polkadot (DOT) hold on to dear life as its price nosedived by 4% on the daily charts right after it peaked at $8.84? 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"DOT Clamping On $8 Support Crucial To Maintain Bullish Pace","url":"http:\/\/ktsl888.com\/news\/dot-clamping-on-8-support\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/dot-clamping-on-8-support\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/DOT.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/DOT.png?fit=1085%2C612"},"articleSection":"Polkadot","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","dot","dot price","ethbtc","ethusd","polkadot"],"dateCreated":"2022-08-02T03:01:54Z","datePublished":"2022-08-02T03:01:54Z","dateModified":"2022-08-02T03:01:54Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"DOT Clamping On $8 Support Crucial To Maintain Bullish Pace\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dot-clamping-on-8-support\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dot-clamping-on-8-support\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/DOT.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/DOT.png?fit=1085%2C612\"},\"articleSection\":\"Polkadot\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"dot\",\"dot price\",\"ethbtc\",\"ethusd\",\"polkadot\"],\"dateCreated\":\"2022-08-02T03:01:54Z\",\"datePublished\":\"2022-08-02T03:01:54Z\",\"dateModified\":\"2022-08-02T03:01:54Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/DOT.png?fit=1085%2C612","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/497275"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=497275"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/497275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/497277"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=497275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=497275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=497275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}