![Polkadot [DOT] rejected at 23.6% Fib level- Here are key levels to consider](https://i.headtopics.com/images/2023/5/18/cryptoamb/polkadot-dot-rejected-at-23-6-fib-level-here-are-k-polkadot-dot-rejected-at-23-6-fib-level-here-are-k-1659084655902044163.webp)
Polkadot's [DOT] short-term downtrend persists amidst BTC fluctuations.
price fluctuations. At press time, BTC lost hold of $27k, setting DOT for price rejection at the 23.6% Fibonacci retracement level .DOT has been consistently dropping after losing hold of the $7 psychological level on 18 April. Price action since late April chalked a descending parallel channel .A Fibonacci retracement tool was placed between recent swing highs and lows on 26 April and 12 May, respectively. Based on the tool, since 8 May, the price has been oscillating between 38.
If the short-term bearish pressure persists, DOT could clear the $5.233 hurdle and settle at a mid-range level near $5.172, $5.117, or the range low of $4.939. These levels could act as more short-selling targets.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Polkadot had an eventful week, but where does that leave DOT investors?Polkadot’s NFT ecosystem witnessed growth last week both in terms of trade counts and partnerships. DOT’s market indicators were bullish, suggesting a trend reversal
Read more »
![Polkadot [DOT] consolidates near key support – is a reversal imminent?](https://i.headtopics.com/images/2023/5/17/cryptoamb/polkadot-dot-consolidates-near-key-support-is-a-re-polkadot-dot-consolidates-near-key-support-is-a-re-1658707671032143872.webp?w=640)
Polkadot [DOT] consolidates near key support – is a reversal imminent?DOT bulls held onto key $5.2 support level. However declining volume could see the support level cave to selling pressure.
Read more »
Uniswap v3 will launch on Polkadot’s Parachain if this condition is metA new proposal is currently under voting, which if passed, will allow the deployment of Uniswap v3 on Polkadot’s parachain Moonbeam.
Read more »
Bulkley expected to exceed flood level and reach 10-year high this week - Terrace StandardBulkley expected to exceed flood level and reach 10-year high this week
Read more »
Can TRX traders expect more gains after running into this level?On the daily timeframe, the market structure was bullish. This gave a bias for TRX heading into the analysis on lower timeframes, but the $0.71-$0.073 area posed a crucial obstacle.
Read more »
Canada needs to 'level the playing field' for EV subsidies: Auto trade group - BNN BloombergThe head of the trade group representing Canada’s automakers said the country needs to 'level the playing field' and prevent any further delays in issuing subsidy payments in order to compete for next-generation electric vehicle manufacturing with the U.S.
Read more »