DOT Stagnant Below $9 Level as Tamadoge Bulls Are Becoming Stronger

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The Polkadot price prediction may cross into the positive side as the price remains below the 9-day and 21-day moving averages.

Polkadot Prediction Statistics Data:

Polkadot price now – $8.39
Polkadot market cap – $9.2 billion
Polkadot circulating supply – 1.1 million
Polkadot total supply – 1.1 billion
Polkadot Coinmarketcap ranking – #11

DOT/USD Market

Key Levels:

Resistance levels: $11, $12, $13

Support levels: $7, $6, $5

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DOT/USD may drop lower if the coin finds support at the $7 level but during the European session today, Polkadot (DOT) tried to cross above the 9-day moving average before falling back to where it is currently trading at the $8.39 level. At the moment, if the bears continue to push the market further lower, immediate support below the $7.5 level may be located. Beneath this, further supports may be found at $7, $6, and $5 respectively.

DOT Price May Rang-bound as Tamadoge (TAMA) Trades Bullishly

As the daily chart reveals, if the buyers can hold the support at $8 and the Polkadot price begins to climb higher, bulls may expect immediate resistance to be located at $10, which is above the 9-day and 21-day moving averages. However, moving a little bit higher may locate the higher resistance levels at $11, $12, and $13. Meanwhile, the technical indicator Relative Strength Index (14) is seen ranging around the 50-level, which shows that the market may follow the sideways movement.

Against Bitcoin, the Polkadot is trading below the 9-day and 21-day moving averages. Therefore, if the price actions remain below this barrier, Polkadot may perpetually be under the control of a bear. Meanwhile, traders need more strong and more consistent resistance to keep the price from the bear run.

However, with the current movement in the daily chart, if the price crosses above the 9-day and 21-day moving averages, crossing above the upper boundary of the channel could reach the potential resistance level at 4500 SAT and above. Meanwhile, if the market price heads toward the lower boundary of the channel, it may hit the critical support at 3000 SAT and below as the technical indicator Relative Strength Index (14) moves below the 50-level.

The Tamadoge team is celebrating the notable success of the presale by launching a $100,000 giveaway. There are multiple ways that people can participate in the prize pool. However, the requirement for those who want to participate in the prize pool is to hold a minimum of $100 worth of TAMA tokens on the day of the draw.

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