bitcoinBTC/USD
$ 20,445.00
ethereumETH/USD
$ 1,165.33
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.461099
xrpXRP/USD
$ 0.327777
usd-coinUSDC/USD
$ 1.00

Polkadot Price Prediction November 2021: Will DOT Reach $100 in November?

Polkadot Price Prediction November 2021: Will DOT Reach $100 in November?

DOT  Technical Analysis – November 2021

Monthly Analysis

Over the last 30 days, the price of DOT has increased by around 77%. It has failed to reach a new all-time high after being stopped at $46.3. Nonetheless, the trend is upward, and the price could keep increasing in the coming weeks as well.

Monthly analysis of Polkadot (DOT)
DOT/USDT 4-Hour Chart

Weekly Analysis

In the last 7 days, the price of DOT has been retracing. It has dropped by around 16%, but the buying pressure prevented the trend from reversing. Because of this, the price of DOT has started increasing again.

Daily Analysis

In the intraday chart, DOT had a bullish breakout of around 5%, but it then started declining. Therefore, traders were slightly bearish in the intraday chart, but DOT could still increase if it finds support at $41.5 in the coming hours.

Key Structures

Support

  • $39.80

Resistance

  • $46

Indicators

Moving Average

The 20-day moving average is slightly below the price, indicating that the trend of DOT is still upward and that the price can keep increasing in the coming days.

The 9-day EMA has climbed above the price and is currently acting as resistance. If the daily candlestick closes above this EMA line, then we could see the price of DOT keep increasing.

Relative Strength Index

The RSI of a 1-day chart has been fairly average, but it has shown signs of an increase in the last few hours, meaning that buyers are slowly taking over for Polkadot.

MACD

The MACD line has now moved below the signal line and is heading below the baseline, meaning that the momentum could now be bearish and that the price of DOT could decrease in the coming days.

Fear & Greed 

The fear and greed indicator of a 4-hour chart suggests that the current emotion of DOT traders is greed due to the recent upward movement in the price.

Fear and greed indicator for Polkadot (DOT)
Fear & Greed for DOT/USDT in a 4-Hour Chart

Fibonacci

The Fibonacci retracement levels of a 1-day chart suggest that DOT has recently retraced and found support at the 38.2% level, meaning that the price could move even higher in the coming days.

Fibonacci retracement levels for Polkadot (DOT)
Fibonacci Levels for DOT/USDT in a 1-Day Chart

Price Prediction DOT  – November 2021

Based on this technical analysis on Polkadot (DOT), we could see its price reach a new all-time high in the coming days as the price has retraced to a Fibonacci level and could go to at least $54 very soon. After that, there is no telling on how far can DOT go because it enters an undiscovered price region. Nonetheless, if BTC keeps its pace and DOT follows the same pattern, we could see the latter go close to $100 in this bull cycle.

Latest News for DOT  – Affecting Price

Recently, Gavin Wood, the founder of Polkadot, has announced that a development fund worth $777 million will be introduced before the Polkadot parachains are live. This can have a positive effect on the price of DOT in the coming week, with the parachains looking to revolutionize Polkadot.

Also read: Polkadot Price Prediction 2021 and Beyond – Is DOT a Good Investment?

Also read:

Related News

Will KuCoin Token Reach $100 in 2022 – KuCoin Price Forecast

KuCoin is a popular cryptocurrency exchange because of its cheap fees and extensive range of features. The platform allows you to trade in futures and margin products, using a vast variety of tokens to pick from. The crypto exchange also has a native coin KuCoin Token (KCS). KuCoin’s numerous features, low costs, and wide range of cryptocurrencies make it a great choice for experienced cryptocurrency traders. But what about its

Read More »
Ethereum Price Prediction May 2022: Will ETH Reach $5,000 in May?

Ethereum Price Prediction May 2022: Will ETH Reach $5,000 in May?

ETH Technical Analysis – May 2022 Ever since hitting an all-time high in November of 2021 at around $4,800, the price of Ethereum (ETH) has been in a downtrend. Initially, the price declined by around 26%, and ETH ended the year at $3,500. That bearish momentum continued in January as well, where ETH declined by almost 45% in January alone. However, ETH managed to find support at $2,160, which then

Read More »
Bitcoin Price Prediction May 2022: Will BTC Reach $100,000 in May?

Bitcoin Price Prediction May 2022: Will BTC Reach $100,000 in May?

BTC Technical Analysis – May 2022 Ever since Bitcoin (BTC) reached its all-time high in November of 2021 at around $69,000, the price has been in a downtrend. The price initially declined by more than 30%. BTC ended the year at around $50,000.  In 2022, BTC maintained that similar approach, where the price declined by an additional 35% in the first few weeks of the year. After finding support at

Read More »

My Coins

bitcoinBitcoin
$ 20,445.001.28%
ethereumEthereum
$ 1,165.333.29%
cardanoCardano
$ 0.4610991.13%
tetherTether
$ 1.000.03%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org