Litecoin and Polkadot are positioned at critical levels. Both cryptocurrencies are hinting at a potential counter-trend. The big question is, when will this upward movement commence? This article delves into the current market dynamics and evaluates if these digital assets are primed for a rally. Discover which coins are gearing up for growth and what it means for the market. Litecoin Market Snapshot: Past Trends and Key Price Levels Coin experienced a slight pullback in the last month with a change of -0.98%, while showing a strong upward trend of 63.82% over the past six months. The movement suggests a period of consolidation followed by significant growth, indicating potential for renewed momentum. Historical performance reflects a mix of stabilization and gradual buildup for a bullish phase. Current prices lie between $92.68 and $151.78, with key levels defined by support at $57.33 and nearest resistance at $175.54, followed by a second resistance at $234.65. Bears dominate short-term signals, indicated by negative momentum and oscillator readings, while a breakout above resistance could trigger renewed buying interest. Traders might consider positions based on a bounce off support or a confirmed move past resistance. Polkadot's Market Journey: Trends and Key Levels Polkadot showed a cautious slide over the past month with prices falling around 5%. The half-year trend remained nearly flat with a minor drop of 0.47%. Price action ranged between about $3.52 and $6.21, reflecting downward pressure at times while recovery attempts were quickly tempered. This modest decline hints at a market struggling with persistent bearish sentiment despite periodic rallies. Current prices lie between $3.52 and $6.21 with immediate resistance at $7.69 and firm support at $2.31. Indicators lean negative, favoring bears, though no clear trend has emerged yet. Trading within these ranges may involve watching for a breakout above $7.69 or a bounce from near $2.31, offering potential entry points based on price action. Conclusion Litecoin (LTC) and Polkadot (DOT) currently sit at key support levels. A counter-trend movement is anticipated. However, the exact timing remains uncertain. Both assets need to show stronger momentum to confirm any upward trend. Investors should watch these supports closely for any signs of a breakout. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

2025-03-09 15:25

Bitcoin (BTC) is struggling to build momentum as it recorded a marginal decline to slip below $86,000. The flagship cryptocurrency has been down nearly 1% over the past 24 hours and is trading at just under the $85,500 level. BTC has failed to push above $90,000, instead registering a drop despite President Donald Trump officially establishing a strategic reserve. Investors dumped their assets after it emerged the US had no immediate plans to purchase BTC . Robert Kiyosaki Rejects Bitcoin ETFs Renowned author Robert Kiyosaki has once again criticized traditional financial instruments. This time, it was spot Bitcoin ETFs that attracted his attention. Kiyosaki labeled Bitcoin ETFs as fake investments, adding that he preferred direct ownership of his assets like gold, silver, and Bitcoin. Kiyosaki’s criticism is because he believes ETFs, including those tied to Bitcoin do not give investors true ownership of the underlying asset, arguing that the financial products are managed by Wall Street Institutions, designed to keep investors financially naive. According to Kiyosaki, investing in ETFs exposes investors to assets that lack intrinsic value and compromise their financial security. Kiyosaki stressed the importance of tangible asset ownership, stating, “I would never buy gold, silver, or Bitcoin ETFs. In my opinion, ETFs are as fake as the U.S. dollar and U.S. bonds.” Kiyosaki advocates for direct ownership of assets to hedge against inflation and economic downturns. He argued that physical gold, silver, and Bitcoin are more reliable stores of value than paper assets managed by financial intermediaries. The views align with his broader criticism of the centralized financial system and highlight his commitment to financial independence and education. “The problem is our educational system….lacking in credible financial education, Wall Street which counts on “stupid” investors, and a public gullible enough to believe their academic education will keep them safe in the real world of corrupt and criminal banksters who influence naive political leaders, will keep them safe in a world, if mega money….massive campaign contributions….to deceive the financially naive public.” Bitcoin-Dollar Correlation Hints At New Highs Bitcoin (BTC) has struggled to reclaim $90,000 in recent sessions, with the flagship cryptocurrency facing considerable selling pressure and volatility. The markets have braced themselves for further volatility. However, analysts have also pointed out the Dollar’s recent plunge and its impact on BTC . James Coutts, Chief Crypto Analyst at Real Vision, provided a detailed analysis of the historical relevance of the declining US Dollar (DXY) with Bitcoin. With the DXY exhibiting its fourth-largest 3-day decline in history, Coutts believes it could catalyze new Bitcoin highs. Coutts backtested the correlation between DXY dips and Bitcoin trends. He noted that when the DXY drops more than 2.5%, BTC registers an increase 100% of the time, and when the DXY drops 2% or more, BTC rises 17 out of 18 times, with a 94% win rate over 90 days. With the DXY dropping by 3% between March 3 and March 6, Coutts has predicted new all-time highs for the flagship cryptocurrency by May 2025. Bitcoin (BTC) Price Analysis Bitcoin (BTC) has declined during the current session after finding its feet above the $86,000 mark. The flagship cryptocurrency has struggled to build momentum and reclaim the $90,000 level since dipping below it on Monday. BTC’s latest decline took the price below $85,000, as price action remains muted despite President Donald Trump establishing a strategic Bitcoin reserve. While the price has not reacted as expected, analysts consider its creation to be bullish, with other nations expected to follow suit and establish their own Bitcoin reserves. A Bitcoin reserve also mitigates the fears of some institutional investors when purchasing BTC . Swan Bitcoin CEO Cory Klippsten believes BTC is in a consolidation phase. However, he stressed that the bull run had not ended. However, Bitfinex analysts say they expect BTC to be rangebound, as the government does not plan on additional purchases of the asset. BTC plunged below $80,000 last Friday as it fell to an intraday low of $78,173. However, it rebounded from this level to reclaim $80,000 and settle at $84,362, ultimately registering a marginal decline. Sentiment changed on Saturday as BTC rose over 2% and settled at $86,182. Bullish sentiment intensified on Saturday as the price surged over 9% to reclaim $90,000 and move past the 20-day SMA to settle at $94,322. However, the rally was short-lived as BTC fell nearly 9%, slipping below $90,000 and the 20-day SMA and settling at $86,225. BTC fell to an intraday low of $81,500 on Tuesday as selling pressure intensified. However, it rebounded from this level to register an increase of over 1% and settle at $87,316. Source: TradingView Buyers retained control on Wednesday, and BTC registered an increase of nearly 4% to move past $90,000 and settle at $90,639. The price faced volatility on Thursday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand, and BTC dropped almost 1%, slipping below $90,000 and settling at $89,957. Selling pressure intensified on Friday as the price fell nearly 4% to a low of $84,722 before settling at $86,781. Sellers retained control on Saturday as BTC registered a marginal drop and settled at $86,262. The current session sees BTC down over 2% and trading at $84,565 as sellers continue to dominate the market. If sellers retain control, BTC could drop toward the 200-day SMA. A break below this level could see the price drop to $80,000. Buyers will look to regain control and push BTC back above $90,000. The RSI currently sits below the neutral zone while the MACD also indicates growing bearish sentiment, suggesting BTC could see a further decline. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

2025-03-09 14:41

XRP approaches a crucial support level, while Cardano shows signs of a potential rally similar to 2018. Altcoin enthusiasts are eager to know if these two cryptos can revive the sluggish market. This article explores the possibility of XRP and ADA leading a resurgence and unlocking new opportunities for growth. XRP 6-Month Surge Meets Short-Term Price Tensions Last month showed nearly flat performance with a slight dip of 0.55% despite a strong 10.46% weekly gain. Over the past six months, XRP experienced a pronounced surge of 347.37%, indicating sustained upward momentum over a longer horizon. The mixed short-term movements contrast sharply with the explosive long-term gains, reflecting overall market volatility and changing sentiment. The current price sits between $1.60 and $2.88 with key support at $1.06 and resistance at $3.61. Bears are evident from moving averages and overall indicators, although the weekly rally hints at bullish attempts. Traders might consider buying near support levels, watching for a sustained move through resistance before targeting higher levels. Cardano Price Action: Strong Gains with Critical Price Levels Past one-week movements show a surge of 31.17%, and the past month marked a 13.10% rise, while the six-month increase of 144.54% points to notable upward pressure. Price behavior over these periods reflects energetic market participation and consistent performance improvements that caught traders’ attention. Current trading sees Cardano within a range of $0.444 to $0.889. Immediate resistance stands at $1.15 with further resistance at $1.59, while support is noted at $0.26. RSI near 50 suggests a balanced market. Bulls have pushed prices higher recently, yet a clear trend remains unconfirmed, leading traders to consider breakouts above resistance levels or entries near support for potential moves. Conclusion XRP is approaching a crucial zone that could boost its value. Cardano shows similarities to its strong cycle in 2018. Both XRP and ADA have the potential to drive a resurgence in the broader altcoin market. Their performance will be key in shaping altcoin trends in the near future. Investors will be closely watching these assets for further market movements. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

2025-03-09 04:05

Diversification holds the key to managing risks in a volatile market. Spotlighted here are three decentralized exchange (DEX) tokens showing growth potential. Each of these coins could offer significant opportunities. Read on to discover which cryptos might be poised for an upward trend. Injective (INJ) Shows Sustained Decline Amid Bearish Sentiment Injective recorded a drop of about 15.95% over the past week, with a monthly decline nearing 20%. The last six months have shown a significant decrease of 31.04%. This consistent downtrend reflects growing bearish sentiment among traders, highlighted by declining performance and diminished investor confidence. Each time period has revealed a steady retreat from previous highs, emphasizing the challenging environment for Injective in recent months. Currently, INJ trades within the range of approximately $9.87 and $18.68, facing resistance around $24.03 and another level near $32.83, while support is located near $6.43. Bears dominate the market, supported by the -2.40 Awesome Oscillator, -1.77 Momentum, and a 36.38 RSI. Without a clear trend, traders may consider short positions near resistance and look to enter buys at support for potential gains. Raydium Market Swing: Bearish Drop Amid 6-Month Recovery The coin fell sharply in the last month with a drop of about 62.63%. Over the previous six months, it had seen an increase of 34.81%, indicating significant volatility. Recent weekly changes have shown a decline of 19.45%, suggesting that bearish sentiment has taken hold. This downturn contrasts with earlier upward movements, which hinted at potential longer-term strength. Current price levels range from $0.59 to $5.79, with resistance identified at $9.13 and $14.33. Negative momentum indicators and an RSI close to 29 indicate bearish dominance for now, but oversold conditions could stimulate buying interest. Traders should watch for signs of stabilization before considering entry points near resistance levels. Hyperliquid (HYPE) Price Performance: Volatility and Recovery in Focus Over the last month, the coin experienced a steep 35.83% decline, while the six-month window shows a strong recovery with a 59.19% gain. A weekly drop of 20.19% signals notable short-term volatility. Price action has swung widely, reflecting a mix of rapid contraction and subsequent rebound that has kept traders alert to shifting momentum. Recent performance demonstrates alternating phases of decline followed by robust recovery, offering clues to both short-term caution and long-term potential. Current prices range between $15.17 and $26.59, with the nearest support at $10.41 and resistance at $33.24. Technical indicators show subdued momentum with an RSI at 32.48 and weak oscillator values, suggesting that bears are currently in control without a clear trend. Trading within these bounds could involve waiting for a push near support before considering entries, while bears maintain pressure around the resistance level. Conclusion Diversifying a portfolio can help manage market volatility. Injective (INJ) brings innovative trading features. Raydium (RAY) offers liquidity and farming options. Hyperliquid (HYPE) provides fast and low-cost transactions. Together, these assets can offer a balanced approach. Adding them to a portfolio could potentially boost overall stability and returns. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

2025-03-09 03:46

The battle for mid-term crypto gains is heating up between Ondo and Chainlink . Both projects hold promising potential, but which one will come out on top? Dive into this analysis to discover which coin might be poised for impressive growth and become a standout performer in the volatile world of cryptocurrencies. Ondo’s Volatile Journey: Charting Recovery and Key Levels Over the past month, Ondo experienced a sharp decline of about 26%, contrasting with a robust gain of over 63% in the last six months. The coin moved within a range of roughly 75 cents to $1.37. This performance highlights quick downturns amid longer-term recovery, indicating the asset’s vulnerability to rapid shifts in market sentiment while still holding long-term growth potential. The coin currently trades between roughly $0.75 and $1.37, with key support around $0.51 and resistance near $1.74. Bears exert some pressure as short-term indicators lean slightly negative, despite some oscillator hints of stability. Traders might watch the support zone for signs of reversal while being cautious of resistance at $1.74 when planning entries or exits. Chainlink Shows Mixed Performance Amid Price Fluctuations Chainlink dropped about 18.66% over the last month while showing a strong rally with a 50.77% gain over the past six months. The price action reflects short-term weakness amid long-term upward movement. Past performance indicates volatility with a clear recovery path that bolsters confidence despite recent declines. The current trading range sits between $10.20 and $22.70 with immediate support at $5.58 and resistance near $30.59. Bears currently influence the market as suggested by slightly negative moving average recommendations, although the trend remains unclear. Trading ideas include watching for a breakout above $30.59 or bouncing off support to capture potential gains within these levels. Conclusion In the mid-term, ONDO and LINK both show strong potential for gains. ONDO 's innovative approach attracts attention with its unique offerings. LINK continues to prove its reliability with established utilities and partnerships. ONDO might appeal more to those looking for fresh opportunities, while LINK remains a solid choice for its proven track record. Investors might consider spreading their investments to balance the potential benefits of both. Both coins present promising prospects, but individual preferences and risk appetite will ultimately guide the decision. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

2025-03-09 02:30

Layer 2 cryptocurrencies are drawing significant attention in the investment world. These innovative solutions aim to improve blockchain efficiency and could offer strong returns. Investors are curious about the potential growth of Arbitrum , ZkSync , and Starknet . Discover which of these promising projects might be set to surge in value. Arbitrum Price Decline: Steady Downtrend with Key Support Zones Arbitrum experienced a price drop of 17.26% over the past month and 23.41% over the last six months, alongside a recent one-week decline of 7.60%. Price action has consistently trended downward, reflecting bearish pressure and reduced investor confidence. The coin has shown a gradual loss of value during these periods, indicating a persistent negative trend that traders have observed. The current trading range is between $0.30 and $0.60, with key support at $0.17 and resistance near $0.78. Bears appear to dominate the market as technical indicators, such as a low RSI and negative momentum, suggest weakness. Traders may look for potential bounces at support or consider a breakout above the $0.78 resistance level for future strategies. Starknet (STRK) Price Recap and Key Levels Amid Bearish Trends STRK lost nearly 28% of its value in the last month and dropped about 58% over the past six months. Weekly losses around 16% contributed to a steady decline that underscores a growing bearish sentiment among traders. Volatility has increased, reflecting a prolonged downturn with noticeable price swings that demand caution. The coin now trades between $0.1447 and $0.3219 dollars, with a near-term resistance at $0.43 dollars and additional resistance at $0.61 dollars, while support sits at roughly $0.07 dollars. The RSI close to 34 along with slightly negative oscillators indicates bearish momentum. Traders may consider buying near support for a potential bounce or selling near resistance if downtrends strengthen. zkSync Price Trends: Past Declines and Key Levels zkSync experienced a steady decline over the past month and six months, with its price falling by about 28.67% and 23.16% respectively. A one-week drop of 17.42% highlights a consistent bearish trend and limited upward movement. The price has faced ongoing pressure without a sustained rebound in recent periods. Current prices range between $0.066 and $0.141 dollars, with key support at $0.034 dollars and resistance near $0.186 dollars. A second resistance level is at $0.262 dollars. The low RSI of 32.935 and negative oscillators indicate bears are currently in control. However, the established levels suggest there may be opportunities for range-bound trading or a breakout if bullish sentiment returns. Conclusion ARB, STRK, and ZK each show strong potential. ARB offers a promising future due to its growing adoption. STRK benefits from its innovative approach. ZK stands out with its security features. Each presents unique opportunities. Investors should keep an eye on how these technologies develop. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

2025-03-08 18:30

The recent unveiling of the President's Crypto Reserve left the crypto world frustrated and yearning for better options. As Trump teased on Sunday, altcoins like Solana , XRP , and Cardano were eyed for the reserve. With that prospect off the table and cryptocurrencies selling off after the announcement, several promising digital coins now hint at substantial growth. Dive in to see which cryptos are poised to capture the market's attention. TRON Price Action: Recent Gains and Key Market Levels TRON showed a nearly 12% price rise over one month and an impressive gain topping 60% over six months. Price performance reflected stronger investor interest and growing momentum. The coin maintained steady upward movement with increasing volume, demonstrating clear growth without abrupt reversals. Current trading sits between $0.20 and $0.26, with immediate resistance at $0.29 and support near $0.17. Bulls appear active behind the solid support while resistance challenges are keeping bears in check. The market lacks a distinct trend yet offers trading ideas such as buying near support to target the $0.29 level, with caution advised if prices reach the second resistance around $0.35. MANTRA Price Analysis: Strong Long-Term Surge Amid Short-Term Volatility The past month showed a 14.91% increase and a substantial 654.65% surge over the last six months. A recent drop of 11.76% in one week indicates some weakness. Price movements have been uneven, with long-term gains overshadowing short-term fluctuations. The overall strength remains significant, but current volatility suggests caution among traders. The price currently ranges between $4.90 and $9.68. The nearest resistance is at $11.81, while immediate support sits at $2.26. Bulls may take control if prices break above $11.81, though some negative momentum allows bears to maintain influence. With no clear trend present, trading strategies should focus on buying near support and monitoring for upward movement towards resistance. Pi Network Retreat Faces Strong Resistance Amid Bearish Trends Price activity indicates a steep decline, with nearly a 95% drop in one month and a 94% decrease over six months. A further 15% loss has occurred in the last week, highlighting a coin that has consistently trended downward and faced significant pressure throughout its historical performance. The coin is currently trading at a low price level, facing strong resistance at $266.97, with another hurdle at $466.37. Bears dominate the market, evidenced by a weak momentum at -1.00, an Awesome Oscillator reading of -32.30, and an RSI around 35.86. Traders may look to short-sell within these resistance levels while keeping an eye out for potential support below these markers. Conclusion The President's crypto reserve has left many in the crypto community feeling deflated. However, some cryptos are showing promise. TRX continues to develop strong use cases and partnerships. OM is gaining traction with its focus on social trading. PI is rapidly building a dedicated user base. All these cryptos are worth watching for potential growth. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.

2025-03-08 17:58

Bitcoin (BTC) slipped below $90,000 late on Friday as it fell to a low of $86,713. The price continued to decline, falling to $85,323 before registering a marginal recovery and moving to its current $85,800. The flagship cryptocurrency is down nearly 4% over the past 24 hours. BTC’s latest decline came as the White House hosted the first-ever crypto summit, meeting top executives from prominent digital asset firms. Donald Trump Endorses Stablecoins President Donald Trump has said he would support legislative efforts to create a regulatory framework for stablecoins to keep the US Dollar as the world’s dominant reserve currency. President Trump and the White House Crypto and AI Czar hosted a meeting of prominent members from the crypto industry, described by the administration as the first-ever White House Digital Assets Summit in Washington. Trump addressed the gathering of executives, stating, “I also want to express my strong support for the efforts of lawmakers in Congress as they work on bills to provide regulatory certainty for dollar-backed stablecoins and the digital assets market. They’re working very hard on that.” Treasury Secretary Scott Bessent also addressed the gathering, stating he would work with regulators and agencies to update the guidance issued by the Biden administration. “We are going to keep the US (dollar) the dominant reserve currency in the world, and we will use stablecoins to do that.” Trump also hit out at the Biden administration, accusing his predecessor of selling billions worth of BTC , adding that the current administration would not sell BTC anymore. “Unfortunately, in recent years, the US government has foolishly sold tens of thousands of additional bitcoins that were worth billions and billions of dollars had they not sold them. From this day on, America will follow the rule that every bitcoin investor knows very well: never sell your bitcoin.” Trump signed an executive order on Thursday, directing officials to create a Bitcoin reserve and a stockpile of other crypto assets. White House Crypto Summit Fails To Impress The White House hosted its first-ever crypto summit, inviting some of the most prominent leaders of the crypto ecosystem. The summit discussed the administration’s commitment to rolling back the aggressive regulatory stance adopted by the previous Biden administration. However, the summit left many disappointed because the administration did not indicate more active support for the industry. As a result, markets remained muted on Friday, with BTC registering a decline to slip below $90,000. White House AI and Crypto Czar David Sacks announced that the President signed an executive order to create a strategic Bitcoin reserve. While the crypto community wanted a Bitcoin reserve, the order stated the reserve would only comprise Bitcoin holdings previously seized by the federal government. The order also issued directives for creating a separate digital asset stockpile to hold other digital tokens like ETH, XRP, and ADA. However, the order did not say when the government would begin making new cryptocurrency purchases. President Trump doubled down on his promise to make the US the crypto capital of the world and a leader in financial technology. However, some investors were left wanting more. Jeff Park, an executive with Bitwise, said Trump was officially “off the hook” for what the Bitcoin community did for him during his campaign. “Trump is now officially ‘off the hook’ for what the Bitcoin community did for him. We asked for too little. Having only bitcoin and not the rest of the altcoins in the strategic reserve is not a win. Exploring’ or studying concepts is not a win. Not selling is not a win. None of these things at the core require an EO at all to do anything.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) struggled to reclaim $90,000 as selling pressure and volatility impacted investor sentiment. The flagship cryptocurrency is down nearly 3% and trading just above the $86,000 mark. The price faces resistance at $90,000, with the 20-day SMA also acting as a dynamic resistance level. Analysts expect a breakout, but heavy selling around the $90,000 level indicates profit-taking at that level. The White House crypto summit also failed to ignite investor confidence, with price action remaining muted. BTC has encountered substantial volatility this week as wild price swings shook investor confidence. The price plunged below $80,000 on Friday, dropping to a low of $78,173. However, it recovered from this level to reclaim $80,000 and settle at $84,362, ultimately registering a marginal decline. Sentiment changed on Saturday as BTC rose over 2% and settled at $86,812. Markets rallied Sunday after President Trump announced cryptocurrencies to be included in the strategic reserve. As a result, BTC surged over 9% to reclaim $90,000 and settle at $94,322. However, bullish momentum was short-lived as the price fell nearly 9% on Monday, slipping below $90,000 and the 20-day SMA and settling at $86,225. Source: TradingView BTC fell to an intraday low of $81,500 on Tuesday as selling pressure intensified. It recovered from this level to register an increase of 1.27% and settle at $87,316. Buyers retained control on Wednesday as BTC reclaimed $90,000 after an increase of nearly 4% and settled at $90,639. BTC faced considerable volatility on Thursday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand, and the price dropped nearly 1%, slipping below $90,000 and settling at $89,957. Bearish sentiment intensified on Friday as BTC dropped 3.53%, falling to a low of $84,718 before settling at $86,781. The current session sees BTC marginally down as buyers look to drive BTC below the 200-day SMA. If sellers retain control, BTC could decline to $83,000, where it is expected to find support. A break below this level could see the price drop to $80,000. On the other hand, if buyers regain control, they will look to drive the price above $90,000. If BTC can break above this level, its next target will be $95,000. The MACD has turned bearish, indicating BTC could see a decline. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

2025-03-08 17:38

Investors are keen to know if Avalanche (AVAX) and Polkadot (DOT) can bounce back during the upcoming altcoin season. Both coins have seen their ups and downs. This article delves into whether these digital assets are poised for a resurgence or if their best days are behind them. Avalanche Shows Significant Declines and Key Trading Levels Avalanche dropped 21.81% over the last month and dipped 5.06% in the past six months. A weekly decline of 8.10% has contributed to notable volatility. Price movements have been sharp yet contained, reflecting a market reaction that leans toward caution rather than aggressive selloffs. Current trading occurs between $16.74 and $31.56, with resistance at $40.73 and $55.55 and support at $11.10. Indicator values such as an Awesome Oscillator of -2.952, Momentum of -1.225, and RSI at 39.03 point to bearish pressure. Traders might look to trade within these levels while watching for a potential breakout or reversal. Polkadot's Mixed Trend: Short-Term Pullbacks Amid Long-Term Gains Trading over the past month saw a mild decline of around 3%, while the last six months showed a gain of approximately 12%. Price action has been volatile, with week-to-week drops nearing 7%, indicating cautious sentiment among traders. Although bulls exerted some upward pressure over the longer term, the short-term charts indicate a clear pullback phase that has persisted recently. Current trading levels range from about $3.52 to $6.21. A primary resistance near $7.69 and secondary resistance at $10.38 provide clear targets, while support around $2.31 serves as a key boundary. Bearish indicators slightly outweigh bullish ones, suggesting traders should monitor for signs of a reversal above resistance levels and consider cautious long positions if prices remain steady above support. Conclusion While AVAX and DOT may have had their ups and downs, they still hold potential. Both coins have strong fundamentals and dedicated communities. Their recent price movements suggest possible rebounds as the market evolves. As altcoin season approaches, these assets could see renewed interest and growth. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

2025-03-07 22:59