Polkadot Price Prediction for Today, October 31: DOT Commences Bullish Trend targeting $6.7 Level
There is an increase in bullish momentum in Polkadot market DOTUSD Price Analysis – October 31 Should bulls’ pressure increase, Polkadot will equally increase and the resistance level of $6.7 may be broken upside, above this mentioned level are $7.6 and $8.0 levels. On the other hand, an increase in the sellers’ momentum may push the price below $6.0 which may reduce it to $5.6 and $4.0 support levels. DOT/USD Market Key levels: Resistance levels 6.7, 7.6, $8.0 Support levels: $6.0, $5.6, $4.0 DOTUSD Long-term Trend: Bullish On the long-term outlook, DOTUSD is on the bullish movement . The momentum of sellers pushed down the coin to the low of $5.6 on 21 October. The pressure of the sellers seized and a strong daily bullish candle emerged. This send signal to the trader that buyers are ready to take over DOT market. The bulls are exerting their energy to break up $6.7 resistance level. The fast Moving Average (9 periods EMA) is below the slow Moving Average ...