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Polkadot Forecast – Key Supports Broken! What now?

 


Whether the polkadot price will rise or fall currently depends on the current weekly candle. If the current weekly candle, which will close in about 7 hours, closes above the $10.26 support, we expect the price to rise in the coming weeks. Target would be around $14.86 in case the weekly candle closes above $10.26. That's where the next resistance is. However, if the current weekly candle closes bearishly or below $10.26, we expect prices to fall. A price loss of about 30% is realistic. We would expect a move lower to the next support. This is around $7.26.


The polkadot price against bitcoin doesn't look too bullish anymore either. The price recently broke out of the triangle in a bearish manner and still hasn't reached the target. The target is around 0.00025 BTC, which is why we expect the Polkadot price to drop about 25% more in the DOT/BTC pair. After that, however, there could be a bounce to correct the decline. Subscribe to our newsletter so you don't miss the next climb.

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