The Polkadot Price Prediction 2022 has evolved to be a substantial asset class (rewarding many investors with huge financial benefits); the trend is also being pushed by rising speculation that cryptocurrency is the “must catch” wave of the future.
Let’s Take a Look at Polkadot’s Technical Movement:
Polkadot Price Prediction 2022
Polkadot pricing is edging in on the $20.50 mark, capping off a flawless swing trade that has seen higher highs for the past four trading sessions. Uplift has increased now that the market is in the green, and DOT is poised to challenge the $20.50. Expect bulls to bring out the jackhammers and break down the barrier wall at $20.50.
The DOT price might see an accelerated inflow of buyers, which would increase demand for buy-side volume, resulting in a faster advance up to $22.20; the new monthly pivot for February. The Relative Strength Index (RSI) would rise beyond 50 as a result of this, but there would still be room for more gains. The true test will come later this week when the stock reaches $25.19; which coincides with the 55-day Simple Moving Average (SMA) and would return investors around 22% of their profits.
The risk with Polkadot coins at their current value is that a rejection could prompt a bearish inflow, pushing the price back towards $16.95. As those challenges weigh, DOT might fall to $14.00 if global markets roll over and start selling again.
There is a significant chance of testing $13.00, which is the new monthly S1 support level for February.
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