Polkadot price shows bullish signs, but a retest of $6.85 is still far away
Polkadot price seems to be cooking up a bullish move from a technical perspective, but the general market conditions are not ripe. Therefore, investors need to be careful in making their moves based on technicals alone.
Polkadot price has produced three lower highs since August 10, shedding roughly 36%. As DOT trades at $6.25, the technicals seem to be improving quite a bit. The first sign is the breakout above the declining trend line connecting these lower highs formed since August 10. Furthermore, Polkadot price seems to have also produced a higher low relative to the September 21 swing low at $6.12.
Chiliz Price Prediction: One billion CHZ could flood the market after a 15% rally
Chiliz price looks to rest after breaking its ongoing consolidation and establishing directional bias favoring the bulls. Going forward, investors need to prepare for a pullback that will be an opportunity to accumulate before another run-up.
Chiliz price dropped as low as $0.160 on October 13 due to the Consumer Price Index print. This volatility followed through to the other side as bulls took over after the bears’ brief stint, resulting in a local top at $0.194.
Binance Coin Price Prediction: BNB price can rally too $300 and higher
Binance Coin price shows reasons to believe in one more wave targeting $300 and even $330.
Binance Coin price shows potential for one more move north. The bulls have hurdled the 8-day exponential moving average after a 3% decline over the weekend. Additionally, the Relative Strength Index has found support in ideal buyers' territory after establishing a bullish hammer with high volume on Thursday, October 13.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Polygon joins forces with WSPN to expand stablecoin adoption
WSPN, a stablecoin infrastructure company based in Singapore, has teamed up with Polygon Labs to make its stablecoin, WUSD, more useful in payment and decentralized finance.
Coinbase envisages listing of more meme coins amid regulatory optimism
Donald Trump's expected return to the White House creates excitement in the cryptocurrency sector, especially at Coinbase, the largest US-based crypto exchange. The platform is optimistic that the new administration will focus on regulatory clarity, which could lead to more token listings, including popular meme coins.
Cardano's ADA leaps to 2.5-year high of 90 cents as whale holdings exceed $12B
As Bitcoin (BTC) gets closer to the $100,000 mark for the first time — it crossed $99,000 earlier Friday — capital is rotating into alternative cryptocurrencies, creating a buzz in the broader crypto market.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: Rally expected to continue as BTC nears $100K
Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the $100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.