Polkadot price analysis: DOT prices decline to $8.59 as bearish onslaught continues

Today's Polkadot price analysis reveals the prices are on a prevailing downtrend that has been seen since yesterday's market rally. The 5.37 percent drop in prices has taken DOT down to $8.59 from the intraday high of $9.11 that was seen yesterday.

Timeline of Polkadot-new

The price of Polkadot (DOT) is in a downward correction as the altcoin consolidates above $8.00 support. Currently, the current support has been holding since May 12. On June 7, the altcoin resumed trading between $8.90 and $9.40.

Polkadot price analysis shows that the digital asset is currently in a consolidation phase after a sharp sell-off from highs of $9.68.The digital asset fell to lows of $8.9 before finding support and bouncing off slightly. The market is currently trading at $9.1 and is up by 0.88 percent in the last 24 hours according.

Polkadot price analysis shows a bullish trend after prices opened the daily trading session at $8.96 on June 6. Following a few hours of sideways trading, prices started to move higher and reached the $9.71 mark at the time of writing.

Polkadot price analysis shows that the bulls have taken control of the market in the short term as DOT steps closer to the $9.35 mark. The coin is facing resistance at $9.48, but if it can break above this level, we could see further upside potential towards $9.90 and possibly even $10.

DOT reaches $9.30 price level but it noted a fall in price over the past few days and a continuous dip in price so, can it manage to shift in trend soon? Let's find out in today's latest altcoin news.

Polkadot price analysis suggests a downwards movement to $8.50 DOT faces resistance at the $10.00 mark The closest support level lies at $9.00 The Polkadot price analysis shows that DOT was unable to break past the $10.00 resistance level and the following rejection has caused the price to fall to the $9.00 mark.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The last two months marked a visible bear show as they reiterated their vigor amidst the wider market sell-offs.

Polkadot (DOT) canary test network Kusama (KSM) is down 13% over the last 24 hours despite a listing announcement from Coinbase. Yesterday, the US-based exchange giant announced upcoming support for KSM once appropriate liquidity conditions are met. “Trading will begin on or after 9AM PT Thurs June 2, if liquidity conditions are met. Once sufficient The post Polkadot (DOT) Test Network Kusama (KSM) Falters Despite Surprise Coinbase Listing Announcement appeared first on The Daily Hodl.

The Polkadot price analysis shows a bullish trend for today, as the price has slightly moved up to reach the $9.46 position. The bullish activity has been commendable as throughout bears were in control and the cryptocurrency was degrading regularly for the past 16 hours, but now the recent upwards price movement is a positive.

DR Polkadot price analysis shows DOT/USD bulls gaining advantage DOT/USD pair is all set to surpass resistance at $10 amid buying spree Polkadot price analysis is bearish in the short term. DOT price has been on a downtrend over the past few days as it corrected lower from the $10.50 highs.