In our last Polkadot forecast we are responding to the question “Will the support hold?” received. There we evaluated whether the support of $7,17 will break or not. We have assumed that the Polkadot price will rise to the resistance of $10 for the time being. As a result, the price only rose to about $8.70 and thus missed the resistance. Now Polkadot seems to continue to decline. But how low will the price fall and when could you invest in Polkadot again so that it will pay off in the end? We at CryptoTicker are analyzing the chart image of the Polkadot course today and will inform you about the next possible price trends!
Will Polkadot continue to fall?
DOT/USDT broken support
The Polkadot price was able to hold above $7.17 for a short time and thus defend the support. However, the course broke this support within 14 days. A weekly candle has closed under the support. As a result, the bulls tried to regain support. However, this has failed, which is why the Polkadot course continues to fall steadily this week. Since the support is now unlikely to be recaptured after it failed last week, we now assume that the course will target the next support.
How low will Polkadot fall?
DOT/USDT Support Zone
The next major support zone is between $3.86 and $4.50. Since there is no major support in front of it, we assume that the Polkadot price will soon fall by about 40%. Thus, he would reach the support zone. Whether this will be the bottom or not remains to be seen. Chances are that this support zone will also be broken sooner or later.
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