Bitcoin

Polkadot

Resistance

Spot

Coin

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Polkadot price currently trades at $4.039 while observing a gain of 0.65% during the intraday trading session.</a> </li> 
 <li> <span>2</span> <a>The 24-hour trading volume has declined by 21.54%.</a> </li> 
 <li> <span>3</span> <a>The year-to-date return of Polkadot is -6.27%.</a> </li> 
</ul> 
<p>Polkadot (DOT) price has been on a downtrend after being unsuccessful several times in closing above the $5.60 level. The bullish rally for Polkadot started in the middle of June after the release of news regarding BlackRock, an investment banking firm, filed for Bitcoin Spot ETF.&nbsp;</p> 
<p>The whole cryptocurrency market turned bullish after the news due to positive sentiment. DOT formed a support at $4.35 and commenced a bullish rally. However, the bullish momentum slowly faded after the DOT price attempted several times to close above $5.60. The attempts were unsuccessful due to the strong presence of bears above $5.60.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="582" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-933-1024x582.png" alt="" class="wp-image-171859" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-933-1024x582.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-933-300x171.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-933-768x437.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-933-750x427.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-933-1140x648.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-933.png 1419w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: DOT/USDT By <a href="https://www.tradingview.com/x/gqej0csg/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>Polkadot price melted and shattered the support level of $4.35. Recently, the cryptocurrency price formed a support at $3.98. The asset price retests $4.20 and is currently hovering near the support of $3.98.&nbsp;</p> 
<p>If the bulls can push the price back into the previous zone, above $4.35, it might rise and retest the $4.80 level, but it would be the price crossing two significant hurdles of $4.20 and $4.35. On the other hand, if the Dot’s price melts below the recent support of $3.98, it might fall toward the next support level of $3.72.&nbsp;</p> 
<p>The market capitalization of Polkadot has increased by 0.39% to $4,971,977,081 at the time of writing. Dot price is down 92.64% from the all-time high of $55 and up 50.41% from the all-time low of $2.69.</p> 
<h2 class="wp-block-heading" id="strong-polkadot-integrates-with-circle-s-usd-coin-strong"><strong>Polkadot Integrates With Circle’s USD Coin</strong></h2> 
<p><a href="https://www.thecoinrepublic.com/2023/09/19/polkadot-price-forecast-2023-will-dot-price-thrust-upto-10/" target="_blank" rel="noopener noreferrer nofollow">Polkadot,</a> a network that facilitates interoperability among multiple blockchains, announced the integration of USD Coin (USDC) into its Asset Hub. The integration strengthens liquidity and provides easier institutional access to Polkadot’s ecosystem.&nbsp;</p> 
<p>USD coin, managed by Circle, is already a part of blockchain ecosystems such as Ethereum and Solana, and now Polkadot marks yet another expansion for the coin.</p> 
<h3 class="wp-block-heading" id="strong-will-dot-price-retrace-back-into-the-previous-zone-strong"><strong>Will DOT Price Retrace Back Into The Previous Zone?</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" loading="lazy" width="1419" height="807" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-932.png" alt="Polkadot Price Prediction: Will DOT Price Extend Decline?&nbsp;" class="wp-image-171858" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-932.png 1419w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-932-300x171.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-932-1024x582.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-932-768x437.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-932-750x427.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-932-1140x648.png 1140w" sizes="(max-width: 1419px) 100vw, 1419px"> 
  <figcaption class="wp-element-caption">
    Source: DOT/USDT By <a href="https://www.tradingview.com/x/ibzr2n5p/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/09/19/polkadot-price-forecast-2023-will-dot-price-thrust-upto-10/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency price</a> has plunged below 20, 50, 100, and 200-day exponential moving averages, suggesting bearish momentum. The 20-day EMA has been acting as a resistance to the price.&nbsp;</p> 
<p>The Chaikin money flow score has dropped below the 0 mark and trades at -0.04, indicating slight weakness in the market. The relative strength index is observing a slow surge toward the 50 neutral mark, implying a rise in bullish participation.&nbsp;</p> 
<p>The long-short ratio is 1.0064 with 50.16% longs and 49.84% shorts, indicating a slightly higher number position on the buying side in the last 24 hours.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>If Dot’s price is unsuccessful in rising above $4.20 and $4.35, it might start another decline. Traders should wait for the break of recent support of $3.98 for selling opportunities.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $3.98 and $3.72</p> 
<p>Resistance Levels: $4.20 and $4.35</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Polkadot Price Prediction: Will DOT Price Extend Decline?

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