$DOTUSD continues to linger near important support levels, as technical traders need to decide if a higher reversal is possible or news lows will be seen. Cryptocurrencies Forex
DOT/USD continues to traverse slightly above rather nervous support levels as the cryptocurrency struggles to establish a dominant short-term trend.
As of this writing, Polkadot is above the 19.0000 ratio, but choppy conditions have been displayed the past couple of days and traders need to be alert for quick changes in price. While the percentage of value has not been wild, traders are cautioned to use entry orders so their price expectations are not crushed with bad fills when entering their trades.
Technical traders still have an important decision to make regarding direction. Short-term support levels seemingly have held, but the question is if the slight reversal demonstrated the past twelve hours is a move which can develop additional momentum upwards, or if a return to lower values will soon be seen again.of February, DOT/USD did climb to a high slightly above the 23.
Like the broad cryptocurrency market, Polkadot has not been able to break the important resistance levels which can be seen via prices on the 20Because of this, DOT/USD remains suspect in the eyes of traders who may see more opportunities to the downside if nervous sentiment persists. DOT/USD has incrementally been trading lower since the first week of November.
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