Polkadot Bulls Try To Stand Their Ground<\/strong><\/h2>\nIt is expected that the bulls will defend this territory vigorously, according to market experts.<\/p>\n
After reaching its apex earlier this year, the market has been steadily declining ever since. However, current market data suggests that the bulls have been engaged in a grueling struggle.<\/p>\n
Some of the top 100 coins have had a good week in the market, according to Coingecko’s most recent data.<\/p>\n
DOT is one of these coins with an excellent seven-day performance of 3.4%. This has been a pivotal moment in the recent market activity of the crypto.<\/p>\n
The coin’s 1-day price movement has been robust,\u00a0but this may be a temporary reprieve for DOT. Recent coin analysis has demonstrated that the market is currently bearish.<\/p>\n
Polkadot Aims To Create New Support Line<\/strong><\/h2>\nOther price analysis indicates that a potential price bump\u00a0may be a better selling point for investors than an indication that the market is recovering.<\/p>\n
With updated market data, however, this may no longer be the case. DOT bulls have maintained a tenacious defense near the $7.3 resistance zone.<\/p>\n
Since the price broke through the lower range of resistance at $7.11, Polkadot has maintained its position and is attempting to establish a new support line at $7.11.<\/p>\n
This could become a battlefront for bulls and bears. Recent price appreciation may indicate a strengthening bullish position. But as doubt hovers on the horizon,\u00a0the battle between bears and bulls persists.<\/p>\n
Related Reading: Litecoin (LTC) Near-Term Route Could Be Determined By This Factor<\/a><\/div>\n![](\"https:\/\/www.tradingview.com\/x\/Mb5GCkAP\/\")
<\/p>\n
DOT total market cap at $8 billion on the daily chart | Source: TradingView.com<\/a>\r\nFeatured image from VOI.id, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"The native token of\u00a0Polkadot\u00a0has dropped significantly in the last few days. The fate of DOT rests in the hands of its traders and investors as the correction period in crypto markets drags on. Based on recent price actions, some are predicting that DOT coin prices will fall to the $6 per coin support level. Some analysts believe sellers have the upper hand as the 20-day exponential moving average ($7.38) is curving down and the relative strength index (RSI) is in the negative zone. The key support for the DOT\/USDT pair is at $6 if the bears lose their grip,\u00a0and the price drops below $6.79. Interestingly, as of this writing, Polkadot (DOT) is trading at $7.11, up 1.3% in the last seven days, data from CoinMarketCap show. Related Reading: Polkadot (DOT) Hits The Brakes At $7.34 After Brief Recovery Polkadot Bulls Try To Stand Their Ground It is expected that the bulls will defend this territory vigorously, according to market experts. After reaching its apex earlier this year, the market has been steadily declining ever since. However, current market data suggests that the bulls have been engaged in a grueling struggle. Some of the top 100 coins have had a good week in the market, according to Coingecko’s most recent data. DOT is one of these coins with an excellent seven-day performance of 3.4%. This has been a pivotal moment in the recent market activity of the crypto. The coin’s 1-day price movement has been robust,\u00a0but this may be a temporary reprieve for DOT. Recent coin analysis has demonstrated that the market is currently bearish. Polkadot Aims To Create New Support Line Other price analysis indicates that a potential price bump\u00a0may be a better selling point for investors than an indication that the market is recovering. With updated market data, however, this may no longer be the case. DOT bulls have maintained a tenacious defense near the $7.3 resistance zone. Since the price broke through the lower range of resistance at $7.11, Polkadot has maintained its position and is attempting to establish a new support line at $7.11. This could become a battlefront for bulls and bears. Recent price appreciation may indicate a strengthening bullish position. But as doubt hovers on the horizon,\u00a0the battle between bears and bulls persists. Related Reading: Litecoin (LTC) Near-Term Route Could Be Determined By This Factor DOT total market cap at $8 billion on the daily chart | Source: TradingView.com Featured image from VOI.id, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":497032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[84959,86795,1144,6664,86521,86794],"class_list":["post-501555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-p","tag-bears-vs-bulls","tag-btcusd","tag-crypto","tag-polkadot-dot","tag-polkadot-token"],"acf":[],"yoast_head":"\n
Polkadot Watch: Will DOT Succumb To Sharp Sell-off In Next Few Days?<\/title>\n<meta name=\"description\" content=\"The native token of\u00a0Polkadot\u00a0has dropped significantly in the last few days. The fate of DOT rests in the hands of its traders and investors as the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/will-polkadot-succumb-to-sell-off\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polkadot Watch: Will DOT Succumb To Sharp Sell-off In Next Few Days?\" \/>\n<meta property=\"og:description\" content=\"The native token of\u00a0Polkadot\u00a0has dropped significantly in the last few days. 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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 Watch: Will DOT Succumb To Sharp Sell-off In Next Few Days?","url":"http:\/\/wncen.com\/news\/will-polkadot-succumb-to-sell-off\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/will-polkadot-succumb-to-sell-off\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/Polkadot-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/Polkadot-1.png?fit=1109%2C623"},"articleSection":"Cryptocurrency Market News","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":["][p","bears vs bulls","btcusd","crypto","polkadot (dot)","polkadot token"],"dateCreated":"2022-09-08T15:23:35Z","datePublished":"2022-09-08T15:23:35Z","dateModified":"2022-09-08T15:23:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Polkadot Watch: Will DOT Succumb To Sharp Sell-off In Next Few Days?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/will-polkadot-succumb-to-sell-off\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/will-polkadot-succumb-to-sell-off\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Polkadot-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Polkadot-1.png?fit=1109%2C623\"},\"articleSection\":\"Cryptocurrency Market News\",\"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\":[\"][p\",\"bears vs bulls\",\"btcusd\",\"crypto\",\"polkadot (dot)\",\"polkadot token\"],\"dateCreated\":\"2022-09-08T15:23:35Z\",\"datePublished\":\"2022-09-08T15:23:35Z\",\"dateModified\":\"2022-09-08T15:23:35Z\"}<\/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\/07\/Polkadot-1.png?fit=1109%2C623","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/501555","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=501555"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/501555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/497032"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=501555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=501555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=501555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Other price analysis indicates that a potential price bump\u00a0may be a better selling point for investors than an indication that the market is recovering.<\/p>\n
With updated market data, however, this may no longer be the case. DOT bulls have maintained a tenacious defense near the $7.3 resistance zone.<\/p>\n
Since the price broke through the lower range of resistance at $7.11, Polkadot has maintained its position and is attempting to establish a new support line at $7.11.<\/p>\n
This could become a battlefront for bulls and bears. Recent price appreciation may indicate a strengthening bullish position. But as doubt hovers on the horizon,\u00a0the battle between bears and bulls persists.<\/p>\n
Related Reading: Litecoin (LTC) Near-Term Route Could Be Determined By This Factor<\/a><\/div>\n
<\/p>\n
DOT total market cap at $8 billion on the daily chart | Source: TradingView.com<\/a>\r\nFeatured image from VOI.id, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"The native token of\u00a0Polkadot\u00a0has dropped significantly in the last few days. The fate of DOT rests in the hands of its traders and investors as the correction period in crypto markets drags on. Based on recent price actions, some are predicting that DOT coin prices will fall to the $6 per coin support level. Some analysts believe sellers have the upper hand as the 20-day exponential moving average ($7.38) is curving down and the relative strength index (RSI) is in the negative zone. The key support for the DOT\/USDT pair is at $6 if the bears lose their grip,\u00a0and the price drops below $6.79. Interestingly, as of this writing, Polkadot (DOT) is trading at $7.11, up 1.3% in the last seven days, data from CoinMarketCap show. Related Reading: Polkadot (DOT) Hits The Brakes At $7.34 After Brief Recovery Polkadot Bulls Try To Stand Their Ground It is expected that the bulls will defend this territory vigorously, according to market experts. After reaching its apex earlier this year, the market has been steadily declining ever since. However, current market data suggests that the bulls have been engaged in a grueling struggle. Some of the top 100 coins have had a good week in the market, according to Coingecko’s most recent data. DOT is one of these coins with an excellent seven-day performance of 3.4%. This has been a pivotal moment in the recent market activity of the crypto. The coin’s 1-day price movement has been robust,\u00a0but this may be a temporary reprieve for DOT. Recent coin analysis has demonstrated that the market is currently bearish. Polkadot Aims To Create New Support Line Other price analysis indicates that a potential price bump\u00a0may be a better selling point for investors than an indication that the market is recovering. With updated market data, however, this may no longer be the case. DOT bulls have maintained a tenacious defense near the $7.3 resistance zone. Since the price broke through the lower range of resistance at $7.11, Polkadot has maintained its position and is attempting to establish a new support line at $7.11. This could become a battlefront for bulls and bears. Recent price appreciation may indicate a strengthening bullish position. But as doubt hovers on the horizon,\u00a0the battle between bears and bulls persists. Related Reading: Litecoin (LTC) Near-Term Route Could Be Determined By This Factor DOT total market cap at $8 billion on the daily chart | Source: TradingView.com Featured image from VOI.id, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":497032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[84959,86795,1144,6664,86521,86794],"class_list":["post-501555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-p","tag-bears-vs-bulls","tag-btcusd","tag-crypto","tag-polkadot-dot","tag-polkadot-token"],"acf":[],"yoast_head":"\n
Polkadot Watch: Will DOT Succumb To Sharp Sell-off In Next Few Days?<\/title>\n<meta name=\"description\" content=\"The native token of\u00a0Polkadot\u00a0has dropped significantly in the last few days. The fate of DOT rests in the hands of its traders and investors as the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/will-polkadot-succumb-to-sell-off\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polkadot Watch: Will DOT Succumb To Sharp Sell-off In Next Few Days?\" \/>\n<meta property=\"og:description\" content=\"The native token of\u00a0Polkadot\u00a0has dropped significantly in the last few days. 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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. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. 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. 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