DOTUSDT Chart by TradingView
| Performance after Friday 12-Aug | |||
| Period | Pct | Chg | Momentum |
| Friday | 3.04% | 0.28 |  |
| Week to-date | 9.25% | 0.8 |  |
| August | 9.63% | 0.83 | |
DOT Analysis
Polkadot (DOTUSDT) price for the week to-date gained 9.25% or 0.8 higher to 9.45. At time of writing into Saturday’s trading session, Polkadot has increased by 2.94% over the past 24 hours. For the record, DOTUSDT is -82.81% below all-time high of 54.98. On Friday, DOT rose 3.04% to 9.48.
On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is rising but in overbought zone, our analysis is that there is bullish momentum and price could continue to go higher.
For the month-to-date, DOT is up by 9.63% or 0.83 higher.
What can we expect from Polkadot today?
Looking ahead for the day, we are looking at 9.65 or 9.64 (R1) as important resistance levels and daily low of 9.03 and 9.17 (S1) as key support levels. Polkadot need to break on either side to indicate a short-term bias. A break above 9.50 would suggest bullish bias after recent positive movement.
For the week to-date, take note that Polkadot is rising and up by 9.25% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-08-07 was 0.35%.
Key levels to watch out:
| R3 | 10.11 |
| R2 | 9.81 |
| R1 | 9.64 |
| Daily Pivot | 9.34 |
| S1 | 9.17 |
| S2 | 8.87 |
| S3 | 8.70 |
Last updated: 03:05 am UTC, 13-Aug 2022
About Polkadot
Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology.Polkadot is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network. Even non-blockchain systems or data structures can become parachains if they fulfill a set of criteria.Polkadot may be considered equivalent to a set of independent chains (e.g. a set containing Ethereum, Ethereum Classic, Namecoin and Bitcoin) except with important additions: pooled security and trust-free interchain transactability.Many of the native parachains of Polkadot will be written using a Polkadot Runtime Environment SDK (e.g. Parity Technologies’ Substrate).
Want to learn more about the tech behind Polkadot? Join @paritytech's Polkadot Deep Dive education session to learn more about FRAME's executive pallet.
To learn more and tune in:
Interested to learn more about the tech behind @Polkadot? Tune in to Polkadot Deep Dives on Twitch where we explore all things FRAME, XCM, and Polkadot governance.
Happening right now - a deep dive into FRAME's executive pallet. To join the live session 👇https://www.twitch.tv/polkadotdev
THREAD - @Polkadot #PolkadotDigest 27 Jan 2023
#Polkadot News
Following W3F's announcement on DOT morphing into a non-security, read the thread below to learn how DOT was able to morph, what Polkadot is, and the primary goals of the network. https://twitter.com/Web3foundation/status/1618550186166620161
1/ @Polkadot's native token DOT is, and always has been, co-ordinating software. Following W3F's announcement on DOT morphing into a non-security, read the thread below to learn how DOT was able to morph, what Polkadot is, and the primary goals of the network.
It’s been just over a year since parachains first launched on Polkadot, and already the network boasts the largest ecosystem of use-case specific blockchains in the world.
Check the first blog from the "Year in Parachains" series for an overview of Polkadot’s parachain landscape
1/ To celebrate the first full year of parachains at Polkadot it’s a good time to provide an update on the journey so far.
Let’s kick off with DeFi - a sector providing a myriad of successful auction winners.
Read the thread and an in-depth blog for more:https://polkadot.network/blog/a-year-in-parachains-part-1-defi/?utm_source=twitter&utm_medium=social&utm_campaign=year%20in%20parachains&utm_content=polkadot&utm_term=blog
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