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<h2 id="header-0">According to the DOT price analysis, DOT finds support at $6.10 after being rejected at $6.40.</h2>While the price has stayed above $6.00, the bearish pressure has not ended.The bigger cryptocurrency marketplace has seen mixed market sentiment over the last 24 hours, with most major cryptocurrencies seeing both positive and negative price movements. XRP gained 5.21 percent and ATOM dropped 12.14 percent among the major participants.<a href="https://www.coingabbar.com/en/crypto-currency/polkadot-dot-prices-usd" rel="noopener noreferrer nofollow">POLKADOT</a> price analysis shows that the DOT/USD market is now bearish. Since the beginning of today&#39;s session, the cryptocurrency has been trading in a descending triangle pattern. The DOT/USD pair is now trading around $6.30, close to the $6.10 support level. If the bears keep control, the pair might fall below this level. The DOT/USD pair&#39;s resistance is around $6.45, and if the bulls take control of the market, the pair may rise to this level.As the selling momentum remained strong throughout the day, the Polkadot price analysis suggests a bearish path for the market. The bears have successfully dealt with the unfavourable circumstances, as no significant bullish efforts have been seen. The price is currently $6.30, and further devaluation is expected if selling activity rises further.Polkadot <a href="https://www.coingabbar.com/en/price-analysis" rel="noopener noreferrer nofollow">Price Analysis</a> 4-hour price chart supports the bears as the price has covered a negative swing in the last several hours. The price breakout was upwards, but at the beginning of the trading day, as bulls attempted to rebound during the late hours of yesterday; nevertheless, the downward curve confirms a bearish trail, as a red candlestick formed on the hourly price chart. The bearish momentum continued as the price fell to a low of $6.10.The 4-hour relative strength index (RSI) is currently on a downward trend at 35.99, which is a lower neutral value; yet, it indicates sellers&#39; control in the market. The 50 EMA line is now at $6.82, going lower than the 20 EMA line, which is at $6.42. In the 4-hour timeframe, the MACD indicator is now bearish since the signal line is going above the MACD line.The Bollinger Bands have been wide for a few days and continue to show a wide downward channel for the Polkadot price as it falls below $6.00. The bottom limit of the indicator currently provides support at $5.96, while the mean line provides resistance at $6.43 and the upper line is present at $6.89.The market capitalization of this DOT is estimated to be $7,056,979,841. The 24-hour trading volume for the coin is around $265,452,598. DOT market capitalization has risen by 0.23%. However, trade volume increased by 15.84% during intraday trading. The market capitalization to volume ratio is 0.03762.On the upside, the price is facing resistance at $6.80. The major resistance is found near $7.20. A clear break over $7.20 might jump a strong rise towards $8.00. Any more advances might open the door for a move towards the $9.00 level.If DOT fails to break through the $6.80 resistance level it may begin a new fall. On the downside, the initial support level is $6.00. The next major support level is at $5.50. A breach below the $5.50 support level may increase selling pressure. In the aforementioned scenario, the price of DOT might fall to around $4.80 in the near future.KEY LEVELS :RESISTANCE LEVEL : $6.80-$7.40SUPPORT LEVEL : $5.80-$5.20<img src="https://academy-public.coinmarketcap.com/optimized-uploads/97617188b2714e8a8b25e406b86c790d.png" />Will POLKADOT sustain its two-year low, as supported by the Double Bottom pattern? Have you made an investment after viewing?

POLKADOT PRICE ANALYSIS CMP-$6.30 : Will DOT hold 2 years low of $6?

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