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DOT Starts Its Upwards Value Retracement, TAMA Is Getting Hotter and Hotter

DOT Starts Its Upwards Value Retracement, TAMA Is Getting Hotter and Hotter

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In the DOT/USD market, price action has been bearish for the last four consecutive trading sessions. Despite this, buyers at this stage seem ready to push the price towards higher resistance.

Polkadot analysis statistics:
DOT value now: $6.37
DOT’s market cap: $7.3 billion
Polkadot floating supply: 1.13 billion
Polkadot’s total supply is 1.24 billion
DOT’s Coinmarketcap Rank: #11

The indicators used in the analysis of these markets also somewhat predict that prices will rise higher. In addition, this analysis also covers the DOT/BTC market. So let’s get started without delay.

Important price tags:
Resistance marks: $6.37, $6.67, $7.00
Support marks: $6.17, $5.80, $5.50

DOT bounces from the lower limit, TAMA is trending

The latest candle in the DOT/USD market has been able to initiate an uptrend as the price corrects upwards from $6.05 to $6.37. As a result, the appearance of this candle has caused the RSIs to cross each other in an oversold fashion. Furthermore, these lines are now pointing upwards, indicating an uptrend. However, as the RSI is still below 50%, the trend can still be considered weak and could reverse if buyers lose momentum. Placing a pending buy order at a level higher than the current price is still the best way for traders looking to buy. If all the positive signs were to continue intact, Polkadot’s price action could rise to around $7.59.

DOT starts to rise in value, TAMA gets hotter and hotter

Polkadot Price Analysis: Bulls in DOT/BTC Looks More Powerful

Here in the DOT/BTC market, the bulls seem to be stronger in their movement as the price moves faster. The last candlestick here was bullish which quickly grabs the price to the upside after the appearance of a bearish hammer candlestick.

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The Stochastic RSI also seems to be rising sharply. Despite this, these lines are still oversold, and this makes the trend susceptible to a downward turn. Therefore, investors can wait for the trend to strengthen before catching it by placing a buy order near the middle Bollinger band. Finally, at this point traders can anticipate the value to rise above 0.0003600.

Bitcoinist, BeInCrypto, NewsBTC and crypto influencers have also highlighted Tamadoge on social media. Jacob Crypto Bury above notes that a Tamadoge purchase equivalent to 55.8 ETH was recorded on Etherscan on Sunday.

Related

Tamadoge – Play and earn meme coins

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