Polkadot Price Analysis – March 26
In POLKADOT, the price is moving with an uptrend, and the traders could expect an early arrival of a price rally.
DOT/USD Market
Key Levels:
Resistance levels: $25, $27, $29
Support levels: $17, $15, $13
DOT/USD is currently dealing with the bulls. The coin has always sought to increase despite the pressure of the market. The crypto market is struggling with volatility, and the market will likely come out in the same way soon. The period after this one should be flourishing.
Polkadot Price Analysis: DOT Could Gain More Upwards
At the time of writing, the Polkadot price continues to hold strong at $20.85, and it’s possible that the more the $19 support is tested, the more it’s likely to break to the downside. However, if DOT/USD continues to abuse the $18 level, the traders can expect the price to break beneath it at some point, and the critical support levels of $17, $15, and $13 may be tested.
For now, the price is hovering around $20.87 with the weak bullish momentum supported by the slightly positive technical levels. The resistance levels could be found at $25, $27, and $29 as the technical indicator Relative Strength Index (14) remains above 60-level to increase the bullish movement.
DOT/BTC Market: DOT Price May Breakout to the Upside
Compared with Bitcoin, DOT has been slowly grinding higher. After bottoming out around the 4578 SAT level, the price touches the daily high of 4699 SAT but now retreating below the 9-day moving average. DOT’s price is now contained within the channel as traders wait for the bulls to hopefully push the market higher while the technical indicator Relative Strength index (14) keeps moving above 50-level.
Moreover, if the bulls can break out above the 9-day moving averages, traders can expect initial resistance at 5000 SAT. Above this, higher resistance could be located at 5200 SAT and above. From below, if the sellers bring the market beneath the 21-day moving average, we can expect critical support at 4200 SAT and below.
