• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    MicroStrategy  partners with MIT to strengthen Bitcoin  network 1

    MicroStrategy partners with MIT to strengthen Bitcoin network

    Weekly Crypto Price Analysis 01-03: BTC, ETH, DOT, UNI, SUSHI

    Weekly Crypto Price Analysis 01-03: BTC, ETH, DOT, UNI, SUSHI

    MicroStrategy

    MicroStrategy buys more Bitcoin yet again

    DOGE price prediction

    DOGE Price Prediction: Dogecoin on the brink of a 50 percent price depreciation

    FATF

    Bitcoin could soon be adopted for international exchange – CitiBank Analyst

    Did the Farmcubation of $EBOX Work? 2

    Did the Farmcubation of $EBOX Work?

    ethbox Smart Contract Code is Fully Audited and As Secure As Possible 3

    ethbox Smart Contract Code is Fully Audited and As Secure As Possible

    Ripple

    Ripple price slide continues

    decentralized exchange trading

    Decentralized exchange trading lacks infrastructure despite rapid growth

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    MicroStrategy  partners with MIT to strengthen Bitcoin  network 4

    MicroStrategy partners with MIT to strengthen Bitcoin network

    Weekly Crypto Price Analysis 01-03: BTC, ETH, DOT, UNI, SUSHI

    Weekly Crypto Price Analysis 01-03: BTC, ETH, DOT, UNI, SUSHI

    MicroStrategy

    MicroStrategy buys more Bitcoin yet again

    DOGE price prediction

    DOGE Price Prediction: Dogecoin on the brink of a 50 percent price depreciation

    FATF

    Bitcoin could soon be adopted for international exchange – CitiBank Analyst

    Did the Farmcubation of $EBOX Work? 5

    Did the Farmcubation of $EBOX Work?

    ethbox Smart Contract Code is Fully Audited and As Secure As Possible 6

    ethbox Smart Contract Code is Fully Audited and As Secure As Possible

    Ripple

    Ripple price slide continues

    decentralized exchange trading

    Decentralized exchange trading lacks infrastructure despite rapid growth

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Polkadot News

Polkadot price prediction: Can bulls breach $4.90 resistance?

Bilal Ahmed by Bilal Ahmed
November 17, 2020
in Polkadot News
4 min read
Polkadot price prediction: Can bulls breach $4.90 resistance?
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TLDR Breakdown

  • Polkadot price trading at $4.8190 at press time.
  • Polkadot price indication suggests bulls are going to challenge $4.90 resistance again.
  • A breakthrough will raise the price above $5.00 while rejection means further consolidation.

Polkadot price prediction: Today’s price overview

DOT price opened at $4.5009, which turned out to be the day’s low as a series of mixed red and green candlesticks took the price to higher levels. Despite starting the day with low momentum, the buyers continued to elevate the price with wave-like bullish activity. Currently, Polkadot price is trading at $4.8190, showing a 7.1 percent increase from the day’s opening price.

Polkadot price movement in the last 24 hours.

Polkadot price prediction: Can bulls breach $4.90 resistance? 7

Traders started the day with bullish momentum; however, the price action soon entered the overbought territory. As the first arrow suggests, the price went through a slight correction before ascending again. The bulls met significant resistance around $4.9000 and failed to breakthrough. Since then, the price action has been consolidating between $4.7500 and $4.8500.

On the technical indicators, the MACD 4C opened the day with a bullish indication. Despite the correction around 02:15 UTC, the indicator continued suggesting bullish momentum. However, the indicator has been showing signs of exhaustion since the bulls failed to break through the $4.9000 resistance level.

RelatedPosts

Polkadot price prediction: DOT to decline to $25

Polkadot price prediction: DOT falls below $35, what’s next?

Polkadot price prediction: DOT climbs above $40.00, eyes $45.00 resistance next

Polkadot price prediction: DOT shows signs of freefall after retracting from ATH of $30

If the bulls are able to defend the $4.7500 support level, there is potential for upwards movement. The next 30-60 minutes would determine the next movement across the short-term chart.

DOT USD 1-hour chart

Polkadot price prediction: Can bulls breach $4.90 resistance? 8

The above chart shows the movement of DOT/USD price between 17:00 and 18:00 UTC.

Despite starting the hour with signs of a bearish turnover, Polkadot price action found support at $4.8165, allowing the bulls to fight back. However, the bullish momentum was short-lived as the bulls met resistance at $4.8878. Since then, the price has been moving inside a descending channel with bears in control.

On the technical indicators, the MACD 4C started the hour, suggesting the exhaustion of the bulls. Following a brief bullish rally, the MACD 4C started turning bearish with sellers dominating the market. The indicator has only turned more bearish since then.

DOT/USD November chart

Polkadot price prediction: Can bulls breach $4.90 resistance? 9

The November chart shows that despite starting the month with significant bearish momentum, DOT price found support at $3.9000. The sellers tested the support several times before the buyers took over. The price followed an ascending trendline with high momentum from the bulls. However, the price action met strong resistance around $4.8600, and a strong bearish movement canceled out the last day’s gains. Since then, the price action has followed an ascending trendline with wave-like daily movements.

The MACD 4C started the month indicating bearish momentum, which only grew stronger until November 4. Since finding a support level, the MACD 4C began turning bullish, indicating strong momentum from the buyers. On November 7, the bulls showed signs of exhaustion as the momentum turned bearish. However, the bulls have not given up, and the MACD still remains in bullish territory.

Polkadot price prediction: Where is the DOT price heading?

Polkadot price prediction: Can bulls breach $4.90 resistance? 10

The chart depicted above shows the price action of DOT/USD from late August until mid-November. The price action showed strong bullish momentum throughout late-August till mid-September. In late-September, the bears took control of the momentum as most of the month’s gains were canceled out. Since then, the price has remained consolidated between $3.5000 and $4.8500, with the bulls facing strong resistance at $4.9000.

On the other hand, the MACD has turned bull and indicates potential upwards movement. Traders can expect the price to rise to the resistance level again. If the bulls break through, price is expected to rise above $5.00, while rejection from resistance level might suggest further consolidation.

$DOT decent RR setup for the 1d swing traders. $BTC pair with a nice little RSI divergence. pic.twitter.com/at7s8dV1ey

— Chad (@Double_Irish_D) November 16, 2020
Tags: cryptocurrency tradingcryptomarket
Bilal Ahmed

Bilal Ahmed

Bilal Ahmed is a blockchain enthusiast and an avid reader who loves writing about ramifications of blockchain and cryptocurrencies. He believes in doing due diligence with facts before transmitting.

Related Posts

Polkadot price
Polkadot News

Polkadot price prediction: DOT to decline to $25

February 26, 2021
Polkadot price
Polkadot News

Polkadot price prediction: DOT falls below $35, what’s next?

February 23, 2021
Polkadot price
Polkadot News

Polkadot price prediction: DOT climbs above $40.00, eyes $45.00 resistance next

February 20, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

MicroStrategy  partners with MIT to strengthen Bitcoin  network 11

MicroStrategy partners with MIT to strengthen Bitcoin network

March 1, 2021
Weekly Crypto Price Analysis 01-03: BTC, ETH, DOT, UNI, SUSHI

Weekly Crypto Price Analysis 01-03: BTC, ETH, DOT, UNI, SUSHI

March 1, 2021
MicroStrategy

MicroStrategy buys more Bitcoin yet again

March 1, 2021
DOGE price prediction

DOGE Price Prediction: Dogecoin on the brink of a 50 percent price depreciation

March 1, 2021
FATF

Bitcoin could soon be adopted for international exchange – CitiBank Analyst

March 1, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 12

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.