DOT price correction, is there still a second chance for an upward trend?
1. Market Analysis Current DOT price is **$10.113**, with an intraday decline of 7.86%, reaching a high of **$11.233** and a low of **$10.011**. From the chart, the price has pulled back from the high of **$11.649**, and the short-term moving average (MA7) support is still valid, but breaking it will bring further correction pressure.
2. Support and Resistance Levels • Support Levels: • $10.000: Psychological support level, maintaining it will keep the possibility of sideways consolidation. • $9.500: Key medium-term support area, losing it will lead to a larger retracement. • $9.000: Strong support, attracting more buying interest. • Resistance Levels: • $10.500: Short-term rebound resistance. • $11.200: 24-hour high, breaking through will give bulls a chance to test new highs. • $11.600: Recent high point, challenging it requires strong bullish support.
3. Short-term Trading Strategies • Long Strategy: • Entry point: $10.000 (entering at key support) • Add position: $9.500 (strong support can add position) • Stop loss: $9.200 • Take profit: $10.500 (first target), $11.200 (second target) • Short Strategy: • Entry point: $10.500 (entering short due to weak rebound) • Add position: $11.200 (can add position if resistance test fails) • Stop loss: $11.600 • Take profit: $10.000 (first target), $9.500 (second target)
If DOT can hold the $10.000 support, a rebound may occur in the short term, testing the high points of $11.200 or even $11.600 again. However, if the support is lost, attention should be paid to the strength of support in the $9.500 area to guard against further declines.
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Sol has crashed 10 times in history, while Polkadot has never crashed.
Trading Yoda
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Bullish
The highest real TPS on the blockchain in human history! Over 100,000!!! $DOT conducted a live broadcast on its testnet and sent a large number of junk transactions to test TPS results!!! Crushing the so-called high-performance public chain Sol's 7200! Expected to reach 80u in six months! #sol #dot2.0 #ksm
The highest real TPS on the blockchain in human history! Over 100,000!!! $DOT conducted a live broadcast on its testnet and sent a large number of junk transactions to test TPS results!!! Crushing the so-called high-performance public chain Sol's 7200! Expected to reach 80u in six months! #sol #dot2.0 #ksm
Accurate prediction of $DOT , an increase of 75% in one month I think it will look like $60 at the beginning of next year, with a chance of doubling by the middle or the end of the year.
Trading Yoda
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Bullish
$DOT breaks the downward trend of more than half a year, can leverage to enter $BTC $SOL
$DOT Inflation drops starting today! If you want the original high interest rate, you can only go to defi. Promote the Polkadot defi ecosystem in disguised form
$DOT The price of Polkadot’s new coretime is finally reasonable. Now 526dot has burned more than last month combined. These dots will be destroyed after purchase. Once the scale is large enough, there is a chance of deflation just relying on coretime.
Popular science coretime: It is similar to the AWS mechanism like web3, but better. By purchasing on-chain resources that are still divisible and transferable. Developers or developers converting web2 to web3 do not have to worry about information cross-chain or on-chain security issues, all of which are handled by Polkadot. (Similar to a very efficient, safe and fast roll up)
This person just said 1.702 stop loss 3 days ago and now he has placed a negative order again. It is recommended that everyone admit the loss if they look in the wrong direction and do not gamble blindly. $SUI
天下无双
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Bearish
I have covered my position at 1.7847. I will see this wave of pull-up shipments. If it breaks the new high, I will also get it in October.
$DOT AWS provides many small developers or large companies with cloud computing power, cloud storage space, server services, etc., with revenue of US$26.3 billion last year.
Polkadot coretime is online. Simply put, it is the concept of AWS in the cryptocurrency world. Project parties or developers can directly purchase the required block resources, and security is provided by Polkadot. What’s more flexible than AWS is that unused cores can be fragmented and sold to those who need them. #價值投資 #AWS #dot2.0 #coretime
Zero cost airdrop #binanceweb3wallet Binance Web 3 Wallet Airdrop Transfer some opBNB to your web3 wallet to use as gas fee Go to event page Enter invitation code 1RF9N2 If you sign in for the next seven consecutive days, you can receive airdrops! If you want to get more points, you can click on experience revox lense and then press reward to see more tasks. #revox空投 #rvx #BNB
I just responded to an interesting question about $DOT I think I can write an additional article to discuss it with you. Some people think that the staking interest of dot is too high, which leads to inflation, so the price cannot go up. Let’s do a simple calculation together 1.Dot’s historical high is $55 in 2021. 2.Dot’s inflation rate is designed to be 10% per year That is to say, the current total amount of Dot is approximately 1.1 to the fourth power, which is approximately equal to 1.46 times of 2021. That is, assuming that no technology changes. The reasonable price of this bull market is 55/1.46, which is $37.67, which is still five times the current price. Not to mention the new core time mechanism and ksm cross-chain bridge, etc., which will allow dot to process faster and new technologies with lower development thresholds will emerge. Therefore, in this bull market, it is conservatively estimated that 10X is still fine. #幣圈價值投資之王Dot
$DOT Firmly bullish The rising trend line below has been tested multiple times to confirm the existence of buying support and has broken through all previous highs over the past week. Now it is about to challenge the pressure level near 7.6 again. Once it breaks through, it will start this round of dot's violent bull! #tothemoon
It turns out that it was caused by the accidental drop of Berkshire Hathaway. After the misunderstanding is eliminated, you can continue to hold long orders!
Trading Yoda
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Bearish
$BTC Short-term bearish, long upper shadow, large capacity $BTC