• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Polkadot [DOT] could dip down to $13 following bear infestation
Polkadot

Polkadot [DOT] could dip down to $13 following bear infestation

June 26, 2021 by Sahana Kiran

The crypto market was painted in red. Polkadot [DOT] was following the steps of all the other assets and found itself in a slump.

Despite being relatively new, Polkadot emerged as a promising altcoin. Not only did the asset manage to garner a place in the top ten, but it also noted a significant surge in its price. Amidst the crypto rally, DOT rose to a high of $49 but failed to hit $50. The altcoin noticed a drastic drop from this zone down to a low of $14.47 during the time of writing. Over the last 24-hours, DOT dropped by 4.69% and 31% over the previous seven days.

The market cap of Polkadot dipped to $13.80 billion but managed to retain itself in the top ten. At press time, DOT was holding on to the ninth rank. The overall market cap of the crypto-verse mirrored the ongoing market sentiment as it reduced to $1.27 trillion.

Additionally, Bitcoin [BTC] slumped to a low of $30K, while Ethereum [ETH] was noted at $1,800. Furthermore, BTC’s market cap dropped to $592 billion.

Polkadot [DOT] one-day price chart on Binance

Polkadot
Polkadot [DOT] could dip down to $13 following bear infestation 4

The one-day price chart of DOT suggested that the altcoin could be harboring the bear for some more time. The Parabolic SAR indicator formed a long line of dots above the candlesticks. This line diminished the chances of an upward breakout, further making more room for the bear. This was followed by a bearish crossover by the MACD indicator. However, the MACD line remained below the signal line.

The Chaikin Money Flow indicator bid adieu to the bull earlier this week and dropped down to the bearish realm.

0LU76BwQ
Polkadot [DOT] could dip down to $13 following bear infestation 5

A sellers’ sentiment had struck the crypto-verse, and the DOT market echoed a similar notion. As a result, the Relative Strength Index indicator remained below the 50 median, noting increased selling activity in the Polkadot market. Furthermore, the volume in the one-day chart of DOT was relatively low.

Filed Under: News, Altcoin News, Market Analysis Tagged With: polkadot

Primary Sidebar

Recent Posts

  • JPMorgan Begins Utilizing Blockchain for Collateral Settlements May 27, 2022
  • MetaMask Joins Hands With Asset Reality to Assist in Recovering Stolen Crypto May 27, 2022
  • Bitcoin knowledge, the biggest flex May 27, 2022
  • Fakesters use LUNA 2.0 airdrops to target users May 27, 2022
  • Tether-ing in Mexico May 27, 2022

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2022 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.