Is Polkadot (DOT) buy opportunity after the current dip?

Polkadot DOT/USD has weakened from $23.86 to $6.34 since April 02, and the current price stands at $7.81. Polkadot allows users to launch their own blockchains Polkadot is an open-source project that enables cross-blockchain transfers of any type of data or asset, not just tokens. Polkadot allows users to launch their own blockchains on top The post Is Polkadot (DOT) buy opportunity after the current dip? appeared first on Invezz.

Timeline of Polkadot-new

Polkadot Decoded, the annual conference for the global Polkadot community, will happen on June 29th and 30th in four global cities. The global Polkadot community is excited about the event, and it promises to be engaging and informative.

Polkadot price analysis reveals a relatively positive approach today; the price has gained most of its lost value. In the last few days, the price of DOT has received much positive attention and has increased to a significant degree.

Polkadot price analysis shows that the value has started today's session on a bullish note as it highs up to the $7.50 mark. The value is currently testing the resistance at $7.60, and a breakout above this level could see DOT/USD increase towards the $8 mark.

Polkadot [DOT] just concluded one of the crypto-market's most volatile weeks with a retest of support near the $7-price level. This strong support has so far prevented DOT from seeking as much downside as most top cryptocurrencies.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and shouldn't be considered investment advice Polkadot [DOT] has steadily descended over the last few months. During this phase, the six-week trendline resistance (white, dashed) has curbed recent bullish revival attempts.

Polkadot price analysis suggests an upwards movement to $8.25 The closest support level lies at $7.00 DOT faces resistance at the $7.75 mark The Polkadot price analysis shows that DOT has recovered to the $7.00 mark as the bulls were able to defend the $6.50 support level. At press time, the buying pressure.

The Polkadot price analysis shows bears have extended their rule, as a strong correction in DOT price is observed today. The strong support at $7.3 has crashed today as market pressure continues, and the trading volume has dropped significantly, leaving DOT looking for newer support levels below the $7 level.

On June 13, Polkadot (DOT) fell and retested the previous low of $7.18 and retreated. After retesting the previous low, the bears are eager to break it. The bulls defended the support of $7.18 last month.

Polkadot price analysis shows that the market is currently in a bearish trend as prices have declined by 11.26 percent in the last 24 hours. The current outlook for DOT is $7.62, which is a bearish outlook.

The Polkadot price analysis reveals that a drop in price has been observed today, which is why the market is now following a bearish trend. The cryptocurrency is covering a downwards range as the bears have been able to stop the price from going above $8.49.