Over the last week, Polkadot shot up by 16% pushing DOT to trade at $21.15 at the time of writing. The bullish momentum helped the coin to trade above the $20 support level. Over the last 24 hours, DOT lost 2% of its market value. The coin was seen oscillating between $22.62 and $21 at press time. Polkadot had tried to breach the $22.62 resistance mark for quite some time over the past few days. The bulls were rejected each time as the aforementioned price ceiling has acted as a robust one. Although DOT flashed sideways trading, the bulls managed to keep prices above the 20-SMA line in the past few days. At press time, however, it could be seen that the bears were back as prices dipped below the 20-SMA mark. Price Analysis: DOT/USD Four Hour The price of DOT was seen below the 20-SMA line which meant that the price momentum of the coin was dragged by sellers. The nearest support region for DOT stood from $20.91 to $19.65. Polkadot’s trendline has been on the upside in the past few days as the coin continued to secure gains over the mentioned time frame. Polkadot considerably traded at the $22 price mark for a long, however, its attempt to move above that price level was dampened by the bears. The coin failed to trade above the crucial resistance mark, as a reason, DOT depreciated at press time. Continued sideways trading will further push prices down from the current level. Technical outlook also picked up on the bearish...
What Happened In Crypto This Week?
