DOT Price Analysis: $10 bounced back the token to reach the $18 zone.

• DOT is built to connect private and consortium chains and the public with permissionless networks, future technologies that are yet to be created.
• WEB 3 foundation is behind POLKADOT creation.
• OBV(On Balance Volume) has been rising, which means demand exceeds supply.

DOT rose by 15.92% on Saturday. Following a 8.21% gain on Friday, DOT ended the day at 16.85. The last known price of this coin is 18.495. A mixed start for the day saw DOT fall to an early morning intraday low of $16.163 before making a move. Steering clear of the first support level at $16.230, LTC rallied to the Intraday high of $19.5. DOT has trailed below the trendline starting from 13.321(27 July) and crossed the critical zone of first resistance level formed at that time which was 15.27.

DOT has recently shown an intraday morning pattern of three outside up and higher wicks formed recently has marked the month starting with a massive hike . 

It has the current trading volume(s) of 1,881,313,950 with a gain of 56.91% over the last 24 hours. DOT has total addresses of 64,417 holders with the active address(es) of 2,404,710 in the last 24 hours. The circulating supply of token is 980,057,055 DOT coins and the max. supply is not available. DOT has a total supply of 1,095,781,211.

SMA-20, SMA-50 and SMA-200

The chart above shows the movement of DOT where 200 DMA has been running below SMA-20 and also SMA-50 is running below SMA-20. On 28 July SMA-200 was crossed whereas SMA-50 was achievable at times. We see the token with respect to SMA’s which are 20, 50 and 200. We see an upwards pattern where the bullish win has been continuing since 22 July and those who have long the token on 22 have gathered more than 45% returns till date. The price of LTC on 22 July was 11.05. The trend line marked shows this upwards shifting. Its top 10 and 20 holders have more than 60% but not more than 65% holdings and top 50 and 100 have more than 70% but less than 80% which makes the average supply side of the coin.

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 74.529 and marks the buy action. MA-5 shows sell action whereas the MA-10 and MA-20 shows the buy action. Even MA-100 and MA-200 show the same buy action. However, the DOT at present is all set to buy.

The bull/bear power has the value of 1.7002 and shows the buy action. The high/low marks the buy action with the value of 0.9271.

The DOT-BTC pair is trailing at the level of 0.0004429 and the gain of 16.26% was seen whereas the DOT-ETH pair is 0.007104 with the gain of 9.01% in the last 24 hours. The volume/market cap of the token is 0.1034 and its market dominance is 1.10%.

Conclusion: DOT has bounced back from $10 and the price has crossed $18 which  was a mark set for forming higher highs and beginning to reverse the trend downwards.

The days range for the coin is 16.569-19.531 and presently is at 18.591. The 24 hours high and low of the coin is 19.03 and 15.63 respectively.

The DOT ATH is 49.69 and ATL is 2.69. 

DOT ROI (approximate return on investment if purchased at the time of launch) is 565.99%. The token at present is all set to sell. 

Technical Instruments:

Pivot: 18.812

R-1: 18.964

R-2: 19.058

S-1: 18.660

S-2: 18.566

Note:

• The unit is USD
• SMA-20: Green colour
• SMA-50: Red colour
• SMA-200: Blue colour