Polkadot (DOT) Price Analysis

Polkadot (DOT) has continued to decline as hopes of a push above $4.50 fade once more after promising signs last week. DOT was relatively positive last week and pushed above the 20-day SMA on Friday after an increase of 3.02% to $4.43. Despite strong resistance at $4.50 and the 50-day SMA also coming into play as a dynamic level of resistance, DOT managed a marginal increase of 0.23% on Saturday. However, it fell back in the red on Sunday after a failed push above the 20-day SMA, as sellers took over and pushed DOT down by 0.90% to $4.40.