{"id":497538,"date":"2022-08-03T15:09:10","date_gmt":"2022-08-03T15:09:10","guid":{"rendered":"https:\/\/wncen.com\/?p=497538"},"modified":"2022-08-03T15:09:10","modified_gmt":"2022-08-03T15:09:10","slug":"polkadot-sheds-10-after-weekly-gains","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/polkadot-sheds-10-after-weekly-gains\/","title":{"rendered":"Polkadot Loses Steam As DOT Sheds 10% After Weekly Gains"},"content":{"rendered":"

Another tumbling block for Polkadot (DOT) as its price has declined by over 10% touching $7.70 after closing July in flying colors. Further, DOT seems to hold on to the support zone above $8 especially as the coin will encounter hurdles at $10.<\/span><\/p>\n

Just when it thought it was bound for the home run, the ETH killer succumbed and slumped after wowing everyone with an impressive bullish streak. More so, Polkadot was seen to have a bearish movement and has tanked to $7.70.<\/span><\/p>\n

Related Reading: DOT Clamping On $8 Support Crucial To Maintain Bullish Pace<\/a><\/div>\n

DOT Price Spikes 12% Then Drops 10% Overnight<\/b><\/h2>\n

As July was nearing its end, DOT harbored support coming from the bulls. Dubbed the top performer among all altcoins, DOT is winning by over 40% as seen from July 26 to 31 showing five successive green candles. Impressively, DOT\u2019s powerful performance helped the coin tick off previous resistance levels.<\/span><\/p>\n

CoinMarketCap data shows that DOT was able to bounce back from an intraday low on July 26 that registered at $6.53 jumping to as high as $9.21 by July 31.<\/span><\/p>\n

DOT price soared by 12% on August 1 but hit a juncture on the road and fell flat by 10%.<\/span><\/p>\n

Related Reading: ADA Up 22% In Last 7 Days; Remains On Track To Test $0.6 Barrier<\/a><\/div>\n

DOT Making Some Gains at $8.22<\/b><\/h2>\n

As of this writing, DOT was able to recover and made some gains seen at $8.22 which shows a price pump of 4.72% according to the CoinMarketCap daily chart. Despite the gains, DOT is facing hurdles at $10. It is believed that if the bulls pushed harder, it could breach the current level and escalate further.<\/span><\/p>\n

DOT seems to be putting a tight grip on the $8 support zone to stop further decline. Meanwhile, the DOT price should stay afloat or above the critical support level of $8 because if it inches below that zone, the coin will have to target a lower support level or around $6.<\/span><\/p>\n

According to Piers Ridyard, Radix CEO, Polkadot was negatively impacted by the recent attack on the Nomad chain which took out a sum of roughly $190.7 million. Consequently, after the attack, Nomad was crippled and lost roughly $190 million of TVL.\u00a0<\/span><\/p>\n

With DOT price trying to brave the current and deter a further decline, the rest can anticipate if the bulls will give DOT the needed push to wing it in the next coming days.<\/span>\u00a0<\/span><\/p>\n

<\/p>\n

DOT total market cap at $8.07 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from PreventionWeb.net, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Another tumbling block for Polkadot (DOT) as its price has declined by over 10% touching $7.70 after closing July in flying colors. Further, DOT seems to hold on to the support zone above $8 especially as the coin will encounter hurdles at $10. Just when it thought it was bound for the home run, the ETH killer succumbed and slumped after wowing everyone with an impressive bullish streak. More so, Polkadot was seen to have a bearish movement and has tanked to $7.70. DOT Price Spikes 12% Then Drops 10% Overnight As July was nearing its end, DOT harbored support coming from the bulls. Dubbed the top performer among all altcoins, DOT is winning by over 40% as seen from July 26 to 31 showing five successive green candles. Impressively, DOT\u2019s powerful performance helped the coin tick off previous resistance levels. CoinMarketCap data shows that DOT was able to bounce back from an intraday low on July 26 that registered at $6.53 jumping to as high as $9.21 by July 31. DOT price soared by 12% on August 1 but hit a juncture on the road and fell flat by 10%. DOT Making Some Gains at $8.22 As of this writing, DOT was able to recover and made some gains seen at $8.22 which shows a price pump of 4.72% according to the CoinMarketCap daily chart. Despite the gains, DOT is facing hurdles at $10. It is believed that if the bulls pushed harder, it could breach the current level and escalate further. DOT seems to be putting a tight grip on the $8 support zone to stop further decline. Meanwhile, the DOT price should stay afloat or above the critical support level of $8 because if it inches below that zone, the coin will have to target a lower support level or around $6. According to Piers Ridyard, Radix CEO, Polkadot was negatively impacted by the recent attack on the Nomad chain which took out a sum of roughly $190.7 million. Consequently, after the attack, Nomad was crippled and lost roughly $190 million of TVL.\u00a0 With DOT price trying to brave the current and deter a further decline, the rest can anticipate if the bulls will give DOT the needed push to wing it in the next coming days.\u00a0 DOT total market cap at $8.07 billion on the daily chart | Source: TradingView.com Featured image from PreventionWeb.net, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":497539,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,83366],"tags":[1144,83457,86493,65296,8686,9753],"class_list":["post-497538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-polkadot-dot","tag-btcusd","tag-dot","tag-dot-price","tag-ethbtc","tag-ethusd","tag-polkadot"],"acf":[],"yoast_head":"\nPolkadot Loses Steam As DOT Sheds 10% After Weekly Gains<\/title>\n<meta name=\"description\" content=\"Another tumbling block for Polkadot (DOT) as its price has declined by over 10% touching $7.70 after closing July in flying colors. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Polkadot Loses Steam As DOT Sheds 10% After Weekly Gains","url":"http:\/\/wncen.com\/news\/polkadot-sheds-10-after-weekly-gains\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/polkadot-sheds-10-after-weekly-gains\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Polkadot.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Polkadot.png?fit=1166%2C591"},"articleSection":"Polkadot","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","dot","dot price","ethbtc","ethusd","polkadot"],"dateCreated":"2022-08-03T15:09:10Z","datePublished":"2022-08-03T15:09:10Z","dateModified":"2022-08-03T15:09:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Polkadot Loses Steam As DOT Sheds 10% After Weekly Gains\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/polkadot-sheds-10-after-weekly-gains\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/polkadot-sheds-10-after-weekly-gains\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Polkadot.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Polkadot.png?fit=1166%2C591\"},\"articleSection\":\"Polkadot\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"dot\",\"dot price\",\"ethbtc\",\"ethusd\",\"polkadot\"],\"dateCreated\":\"2022-08-03T15:09:10Z\",\"datePublished\":\"2022-08-03T15:09:10Z\",\"dateModified\":\"2022-08-03T15:09:10Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Polkadot.png?fit=1166%2C591","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/497538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=497538"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/497538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/497539"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=497538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=497538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=497538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}