NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Polkadot Bears Are Back, Can DOT Revisit $7 Soon?

anushsamal
anushsamal
1 year ago
3 mins read
Polkadot

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Polkadot price had been recovering in the past few days, but it has been unable to sustain the momentum as the bulls’ progress has been halted at press time. Over the last 24 hours, the coin experienced a dip of 2%, which has also caused a depreciation of almost 1% in the weekly timeframe, erasing most of the weekly gains.

The technical outlook for Polkadot is showing signs of bearish strength building up. It is currently trading below a crucial resistance level. The resistance level must be surpassed for the bulls to experience some relief.

Related Reading

Bitcoin Bear

Bitcoin Bearish Signal: Supply Older Than 7 Years On The Move

1 year ago

However, the demand and accumulation remain low on the one-day chart, which is a concern. If bears push again, Polkadot could drop straight to its local support level. The broader market’s strength is crucial for Polkadot to regain its lost value.

Unfortunately, with Bitcoin losing steam and falling below $30,000, most altcoins are also experiencing undecided price movements, which puts further pressure on Polkadot’s price recovery. At the time of writing, the market capitalization of DOT has fallen, indicating mounting short-term selling pressure

Polkadot Price Analysis: One-Day Chart

Polkadot
Polkadot was priced at $6.40 on the one-day chart | Source: DOTUSD on TradingView

The Polkadot price is trending at $6.40, with overhead resistance at $6.60, a crucial level for the altcoin. This level has previously acted as a bearish block or a selling zone for the coin. If DOT manages to breach the $6.60 price level, it may face another resistance at $6.80 before finally reaching $7.

However, if Polkadot fails to break past the overhead ceiling, the next support levels would be at $6 and then at $5.80, respectively. The amount of DOT traded in the last session was red, indicating a fall in demand for the coin. Overall, the Polkadot price movement depends heavily on its ability to break past the crucial resistance level at $6.60.

Technical Analysis

Polkadot
Polkadot noted a slight uptick in demand on the one-day chart | Source: DOTUSD on TradingView

At present, the bears have not gained complete control over the Polkadot price. The Relative Strength Index (RSI) indicates some optimism as it moves closer to the half-line, suggesting that sellers have not outnumbered buyers heavily.

However, DOT is currently trading below the 20-Simple Moving Average line, indicating that sellers are driving the market momentum.

Polkadot
Polkadot started to form sell signals on the one-day chart | Source: DOTUSD on TradingView

Polkadot’s demand has been decreasing, leading to the formation of a sell signal on the one-day chart. The Moving Average Convergence Divergence (MACD), which measures the price momentum and shift in trend, displayed red histograms associated with sell signals, further indicating a potential downward trend for DOT.

Related Reading

Cardano

Cardano Racks Up Nearly 4% Gain Amid Short-Term Losses – Will Investors Hold Firm?

2 years ago

In addition, the Parabolic SAR, which measures the price direction and momentum, displayed dotted lines above the candlesticks. This meant that DOT was showing downward price action at the time of writing, indicating that the sellers are currently in control of the market.

Featured Image From UnSplash, Charts From TradingView.com
Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum Price Squeezed In Falling Channel – Bulls Eye Rebound To $4,788 If This Support Holds

Ethereum is currently under pressure inside a falling channel, consolidating after its recent rally. With $4,150 acting as key support,...

Godspower Owie 2 days ago
Solana

Solana Is Not Dead? This Upper Boundary Retest Could Set The Stage For $268

Solana (SOL) has once again stepped into the spotlight as analysts weigh in on its potential price trajectory. Despite recent...

Scott Matherson 2 days ago
bitcoin-hyper-phase-finale-prevente

Projet Bitcoin Hyper cross-chain : prévente en phase finale

En août 2025, nous observons une effervescence rare autour de Bitcoin Hyper, un projet cross-chain inédit qui combine la sécurité...

guillaumev 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

ripple xrp xrpusd (2)

Whale Sell-Off and ETF Uncertainty Drag XRP Lower: Is $2.8 Just a Stop Before Deeper Losses?

James Halver 2 days ago
ethereum eth ethusd (1)

Ethereum Nears $4K as $4B Supply Overhang Looms: Analysts Fear Deeper Losses

James Halver 2 days ago
Crypto

New Crypto Assets Group Backed By Trump Gets Green Light

Christian Encila 2 days ago

Premium Sponsors

Press Releases

  • Seize the XRP Surge: ETHRANSACTION Mining Platform Allows...

    3 days ago
  • Négy altcoin, amely több mint 200%-os növekedési potenciállal rendelkezik|Új történelmi csúcs a Bitcoin árfolyamában

    Négy altcoin, amely több mint 200%-os növekedési...

    3 days ago
  • Cztery altcoiny z potencjałem wzrostu powyżej 200%|Nowe rekordy cenowe Bitcoina

    Cztery altcoiny z potencjałem wzrostu powyżej 200%|Nowe...

    3 days ago
  • HTX Launches 12th-Anniversary Carnival and Embarks on a New...

    3 days ago
  • 仮想通貨 おすすめ:Token6900が急成長、次のビッグミームコイン候補か?

    TOKEN6900 プレセールが220万ドル突破 –...

    3 days ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

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