Polkadot

Coin

<ul class="news-points"> 
 <li>DOT recovered from its slide on December 19 and jumped to $8.45&nbsp;</li> 
 <li>While the token’s momentum may increase upwards, there could be a reversal down to $7.50.</li> 
 <li>The DMI suggests that DOT could gain another 20%, putting it in pole position to hit $10.</li> 
</ul> 
The price of <a href="https://coinedition.com/tag/polkadot-dot/">Polkadot (DOT)</a> crossed the $8 mark on December 21, thanks to a 7.02% increase in the last 24 hours. The increase marked a moment of relief for DOT holders who endured a downtrend period between December 13 and 19. 
During that period, selling pressure led the <a href="https://coinedition.com/dot-overtakes-link-and-matic-but-technicals-warn-of-a-correction/" target="_blank" rel="noreferrer noopener">Polkadot native token</a> to fall from $7.63 to $6.52. However, the $6.52 region quickly turned into support and was crucial to the DOT’s rise to $8.45. 
<h3 class="wp-block-heading" id="h-dot-is-not-stopping-yet">DOT Is Not Stopping Yet</h3> 
From the technical point of view, it does not seem like DOT would end its uptrend at $7 or $8. This was because of the Awesome Oscillator (AO) state as shown on the 4-hour DOT/USD chart.&nbsp; 
At press time, the AO was 1.02. With increasing green bars, the indicator showed that DOT was experiencing increasing upward momentum. Although DOT slightly fell to $7.92, there was a likelihood of rising back to the $8 region. 
The post <a href="https://coinedition.com/dot-traders-looking-to-open-longs-should-watch-out-heres-why/">DOT Traders Looking to Open Longs Should Watch Out, Here’s Why</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

DOT Traders Looking to Open Longs Should Watch Out, Here’s Why

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