Polkadot price analysis: DOT continues to decline with low of $7.06 recorded

Polkadot price analysis continues to show bearish signs, as price recorded a 5 percent decline over the past 24 hours. The current decline has been in place since June 25, 2022, with price declining more than 10 percent since.

Timeline of Polkadot-new

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Polkadot has been on a higher timeframe downtrend.

Polkadot has announced a new version of its governance system called Governance version 2 (or Gov2).  The post Polkadot to scrap its ‘Council' body in new governance system appeared first on The Block.

Polkadot price analysis shows extremely bearish signs, as price continued to decline for a fourth consecutive day. DOT dipped more than 5 percent to as low as $7.45 today, with trading volume rising 15 percent to show complete seller dominance in the market.

Polkadot‘s price amid the uncertain market sentiments has been largely impacted as the asset fails to gain bullish momentum. The recent rejection has dragged the price below the crucial trend line which was assisting the price to maintain a significant uptrend for the past week. Therefore, the upcoming trend is believed to be pretty bearish …

The prices of most cryptocurrencies have dipped, and even the best digital assets have lost at least 50% of their total value. When you look at the crypto crash of 2022, it's easy to get discouraged from dealing with cryptocurrencies or trading them.

The price of Polkadot (DOT) is in a downtrend, but buyers are trying to break the 21-day line SMA. Today, the cryptocurrency is trading at $8.12, but it is restricted by the 21-day line SMA. The altcoin will rise to $9.80 if the bulls break the 21-day line SMA.

Today's Polkadot price analysis shows that the DOT/USD pair is trading in a bullish trend above the $8.00 level. The recent high was at $8.36, and the price has corrected below $8.30.

Bitcoin, Ethereum and other major cryptocurrencies traded in red as the global cryptocurrency market cap has declined by four percent in the last 24 hours and it currently sits at $929 Billion. Two of the top cryptocurrencies BTC and ETH saw some strength on Tuesday before hitting reverse.  Ethereum (ETH), Polkadot (DOT), and Chainlink (LINK), …

A widely followed crypto strategist and trader warns Ethereum (ETH), Polkadot (DOT) and Chainlink (LINK) are likely not yet done correcting. Analyst Justin Bennett tells his 101,300 Twitter followers Ethereum may be trading within a descending channel, suggesting further downside for the leading smart contract platform. “Fakeouts to one side of a pattern usually trigger The post Top Crypto Analyst Warns of Further Downside for Ethereum, Polkadot and Chainlink – Here Are His Targets appeared first on The Daily Hodl.

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.