1. Buy: • If you believe the price will continue to rise and break past resistance levels. • Indicators like increasing volume and upward momentum in MACD suggest potential upward movement. • A good strategy if you are bullish and have a long-term perspective.
2. Hold: • If you’re uncertain or waiting for clearer confirmation of trend continuation or reversal. • RSI indicates caution, as it’s approaching overbought territory. • Holding can avoid losses from hasty selling.
General Advice: • Monitor closely for price action around key levels like 8.65 and 8.80. • Use stop-loss to manage risk in case of unexpected market moves. • Consider external factors, such as broader crypto market trends and news affecting DOT.
The price of DOT/USDT is showing signs of recovery after a sharp drop.
Keep an eye on Bitcoin’s movement, as the overall crypto market sentiment affects altcoins like DOT.
Strong support is around 7.500, which is the 24h low.
The MACD is negative (-0.198), signaling bearish momentum. A reversal signal isn’t yet visible.
Hold: If you believe in the long-term value of DOT, holding might be the best option, given the current low price.
Buy (with caution): If you are looking for a short-term rebound, the oversold RSI may indicate a good entry point. However, set a tight stop-loss below 8.500 to manage risk.
If you’re unsure, it might be best to wait for stabilization around key support levels or confirmation of a rebound. Always trade based on risk tolerance and a clear plan.
After 2 dollar it might come down due to some correction in the market, so i would suggest you to hold for sometimes and once you get the desired profit just sell it and buy it
The price of DOT (Polkadot) has surged significantly, which could lead to profit-taking and selling pressure. If a sell-off occurs, the price might experience a correction. Historical patterns and market predictions suggest that DOT could drop by up to 50% during a significant correction, potentially reaching around $5-$6 in a worst-case scenario if momentum fades and selling intensifies. However, strong support levels at $8-$9 could act as a buffer before such a drastic decline occurs
If you’re a short-term trader: Consider setting a stop-loss just below recent support levels (around $7.5-$7.7) and taking partial profits at current levels.
If you’re a long-term investor: You might hold through volatility, focusing on DOT’s fundamentals and long-term use cases.
Whoever support Polkadot, I would suggest you to transfer whatever you can do from your side, I will be appreciating you for that Thanks in advance lets see how much support we can get from polka community
here is polkadot address bnb smart chain address: 0x719ce5202c2246ac536439b396e119d93feed334