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Polkadot could continue its drawdown following these signals
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Polkadot slipped below its lower trendline following a descending triangle breakdown. As a result, DOT has shed over 11% of its value over the last seven days and was the coin that made most weekly losses, among the top the coins by market cap.
On the charts, DOT was being help up by the 4-hour 200-SMA (green) but remained exposed to an extended sell-off following bearish signals along the Awesome Oscillator and MACD. At the time of writing, DOT traded at $45.5, down by 1% over the last 24 hours.
Read more on ambcrypto.com
About this in other media
Finance Redefined: Acala wins Polkadot parachain, and Iota set to launch Shimmer, Nov. 12–19 cointelegraph.com /2 years ago
Polkadot, Solana are institutional faves, but is it time to decouple yet ambcrypto.com /2 years ago
Acala wins first Polkadot parachain auction with over 32M DOT staked cointelegraph.com /2 years ago
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