Polkadot (DOT) Starts Week In The Red

After an impressive recovery during the week, Polkadot (DOT) is back in the red during the current session, although only marginally, as buyers and sellers struggle to gain the upper hand. Despite the promising week, unless buyers can retake control, DOT will end the week as it started, on a negative note. As we can see in the price chart, DOT ended the previous week, posting a decline of 0.90% to settle at $4.40. It continued to drop on Monday, registering a drop of 4.55% to slip below the 20-day SMA and settle at $4.20. Buyers attempted a recovery on Tuesday as DOT pushed back above the 20-day SMA, rising to $4.29. However, sellers were able to retake control and push the price back below the 20-day SMA. DOT eventually registered a drop of 0.95% and settled at $4.16.