Polkadot Eyes Short-Term Gains Amid Bearish Trend
The Most Important Points at a Glance
Polkadot (DOT) shows a short-term bullish tendency if the resistance at 4.62 USD is broken. A rise to 5.25 USD would then be possible. However, the overall market outlook remains bearish, as many previous buyers have had to accept losses.
Current Market Situation of Polkadot
The DOT price is in a downtrend. Since November, Polkadot has given back almost all previously gained profits. The resistance at 4.62 USD is crucial for a potential recovery. If this level is breached, an increase of 12% to 5.25 USD could follow.
Technical Indicators and Market Structure
On the daily chart, the market structure remains bearish. The next key resistance is at 5.25 USD. Only a breakout above this level would change the overall outlook.
– **MACD (Moving Average Convergence Divergence)**: Shows a bullish crossover but remains below the zero line. This indicates ongoing downward pressure.
– **A/D Indicator (Accumulation/Distribution)**: Has been slightly increasing since February. This could suggest that selling volume during the decline was lower than buying volume during the previous rise.
Short-Term Development
On the 4-hour chart, the situation looks slightly better for buyers. The structure has shown higher lows over the past five days. The key area is at 4.62 USD. A breakout could trigger a short-term recovery, even though the overall outlook remains bearish.
Our Assessment
Polkadot is at a crucial point. In the short term, a rise to 5.25 USD could be possible if the resistance at 4.62 USD is overcome. However, the long-term market situation remains uncertain. Investors should keep an eye on the resistance levels at 5.38 USD and 6.72 USD, as these could represent strong selling zones.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 2 minutes
-
Christmas Slots – Best Christmas-Themed Slot Machines
Reading time: ~ 2 minutes
-
Easter Slots – Best Easter-Themed Slot Games
Reading time: ~ 2 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 2 minutes
-
Space Slots – Best Space-Themed Slots
Reading time: ~ 2 minutes
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency