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POLKADOT (DOT) FLUCTUATES IN A RANGE AS SELLERS ATTEMPT TO BREAK CURRENT SUPPORT


Updated: 17 December 2021
Key Resistance Levels: $60, $62, $64
Key Support Levels: $40,$38,$36

Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot’s (DOT) price is hovering above the $25 price level. The cryptocurrency has been fluctuating above the current support at $23.95. During the December 4 price slump, the bears retested the current support twice but failed to sink the altcoin. Also, the bulls bought the dips as buyers pushed the altcoin upward. The upward correction was interrupted twice on December 7 and 9 as the crypto fell and resumed the range-bound move. Polkadot has already fallen to the oversold region on December 4. Therefore, a further downward move is unlikely. Buyers are expected to emerge in the oversold region.


DOT/USD – Daily Chart
Daily Chart Indicators Reading:
Polkadot is at level 33 of the Relative Strength Index period 14. The market is in the downtrend zone and below the centerline 50. The crypto’s price bars are below the moving averages which indicate a further downward move. The altcoin will rise if price breaks above the moving averages.


Polkadot (DOT) Medium-term Trend: Ranging
On the 4-hour chart, Polkadot is in a range-bound move. The cryptocurrency is fluctuating between $24 and $30 price levels. Polkadot will resume trending when price breaks the range-bound levels. For instance, if price breaks the $30 resistance and the bullish momentum is sustained, the uptrend will resume.


DOT/USD – 4 hour
4-hour Chart Indicators Reading
DOT price is above the 25% area of the daily stochastic indicating a bullish momentum. The altcoin is rising after falling to the lower price range. The 21-day SMA and the 50-day SMA are sloping southward indicating the downtrend.

General Outlook for Polkadot (DOT)
DOT/USD is now in a range-bound move. The bearish trend has subsided above the $23.95 support. The altcoin will resume an uptrend if price rebounds above the current support.

Source: https://learn2.trade

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DeFi Coin (DEFC) Price Analysis – August 14
After last month’s fall paused on the approach to daily cloud base and subsequent positive finish, the DEFC continues to consolidate its position in early August as recovery sustains, buyers are adding additional evidence to cement reversal. On July 31, the team said it will lock in DeFi Coin Liquidity for a one-year contract within 72 hours. Locking liquidity not only protects trade volume but also demonstrates a commitment to the DeFi Coin Protocol.

Key Levels
Supply Levels: $2.186, $1.500, $1.277
Demand Levels: $0.661, $0.500, $0.075

DeFi Coin (DEFC) 12-Hour Chart: Ranging
The DeFi Coin (DEFC) will most likely rebound from the ascending trendline support around the $0.833 level before recovering to the $1.277 resistance level, according to the price most likely scenario. Alternatively, until a new fundamental catalyst arises to prompt a range breach, the DEFC could remain range-bound between $0.661 and $1.277.

However, the positive relative strength index (RSI) price divergence in the coin is still extending up to $1.500. This raises the probability of the coin rallying to rise in the medium run. A notable entry for the DEFC will be on a bounce off the ascending trendline at $0.833 or on a reach of the horizontal support level at $0.661 if a short decline occurs.



Source: https://deficoins.io/