Polkadot is designed for true interoperability, and enables cross-blockchain transfers of any type of data or asset, not just tokens. Polkadot allows developers to create a custom blockchain quickly using the Substrate framework, and connect it to the Polkadot network to be interoperable with many other chains.
Polkadot is also able to upgrade itself without the need for potentially contentious hard forks. here we are going to talk about Polkadot DOT Technical Analysis 2021.
Polkadot (DOT) technical analysis:
Trade setup: Price broke through a down trendline. Momentum (MAPolkadot (DOT) Price Prediction And Technical AnalysisPolkadot (DOT) Price Prediction And Technical AnalysisCD) inflected bullish, which could carry the price to $30 resistance. (set a price alert). Trend trader: price is still in a downtrend; may need to wait for a break above $30 resistance to resume it’s uptrend.
Trend: Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
On Balance Volume: is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium Support and Resistance Nearest Support Zone is $20 then $15. The nearest resistance is $30 then $35.
Is Polkadot a good buy? Polkadot (DOT) outperforms the market:
Polkadot outperforms the majority of the crypto market in the recent days.
DOT/USD is now in a retracement period after a major price surge.
Polkadot has establishes itself as the 4th largest cryptocurrency by market cap after dethroning XRP.
Polkadot (DOT) continues to outperform the crypto sector despite its overall downtrend. DOT is currently the only cryptocurrency in the market cap top20 with a green 24-hour period. However, is Polkadot a good buy at the moment?
Polkadot Price Prediction 2021 faces a strong resistance zone that ranges from just above $18 all the way up to its recent high of $19.40. When it comes to its support levels, Polkadot (DOT) can find its bottom either at the 38.2% Fib retracement level that stands at a little above $15 or with the rising 21-day EMA.
Tools For Polkadot Crypto Coin:
When running Polkadot stock analysis, check to measure Polkadot's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators.
We have many different tools that can be utilized to determine how healthy Polkadot is operating at the current time. Most of Polkadot's stock examination focuses on studying past and present price action to predict the probability of Polkadot's future price movements.
You can analyze the entity against its peers and financial market as a whole to determine factors that move Polkadot's price. Additionally, you may evaluate how the addition of Polkadot to your portfolios can decrease your overall portfolio volatility.
Conclusion of the Overall Analysis of Polkadot:
Ongoing developments and upgrades that are taking place within the polkadot platform. The crypto Polkadot (DOT) has a fantastic future ahead in this crypto market. However, it is possible to see Polkadot DOT reaching new heights in near future.
Polkadot DOT price prediction 2021 is $64. As said above, it may reach great heights, however reaching $100 if crypto investors have decided that Polkadot (DOT) is a good investment in 2021 - 2023.