Polkadot price analysis: DOT encounters resistance at $7.36; can bulls break through? 


Polkadot price analysis reveals a little price increase today. However, DOT/USD has not yet broken above the $7.28 level, which is also the current price, as there is selling pressure in the market above this level. Today’s price breakdown was downward when the price started to decrease, but bulls quickly recovered the price. The DOT/USD appreciated significantly on February 17 as a sharp price rise was seen; however, the currency was rejected from this level and only slightly corrected yesterday.

DOT/USD 1-day price chart: Price hovers at $7.28 after bullish efforts

The 1-day Polkadot price analysis reveals that, overall, the price has increased slightly from the start of today’s session. Although DOT is having difficulty moving past this point, bears appear to be resisting a further upward rise. At the time of writing, the DOT/USD pair is trading at $7.28, and a further gain in price is also eagerly anticipated.

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DOT/USD 1-day price chart. Source: Tradingview

Bollinger bands are expanding, indicating increased volatility. The top band represents the strongest nearby resistance at $7.36, while the lower band at $5.84 represents the strongest support. The moving average (MA) is crossing above the SMA 50, which is a positive sign, while the average of the Bollinger bands is formed at the $6.60 level, well below the price level.

Since the price is currently close to the resistance zone and the relative strength index (RSI) is trending at index 64 in the upper half of the neutral zone, it indicates a mixed state of mind in the market at this time, but the inclination to the bullish side is also clear.

Polkadot price analysis: Recent developments and further technical indications

The 4-hour Polkadot price analysis shows bullish progression as after falling at the beginning of the session today, the price is now rising. As bulls are pressing into the resistance zone, the bullish trend appears to be gaining strength. If there is increased buying activity in the near future, the price might rise even further. The bulls appear to have strong support at $7.

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DOTUSD 4-hours price chart. Source: tradingview

In the hourly charts, the Bollinger bands exhibit an upward breakthrough, which suggests that the price will continue to rise going forward. The mean line of the Bollinger bands is below the MA level, and the upper band is present at the $7.60 mark and the lower band is present at the $6.28 mark. The RSI, which indicates purchasing activity, is rising and may move further up in the hours ahead at index 68, which is close to the edge of the overbought zone.

Polkadot price analysis: Conclusion

We can infer from the 24-hour and 4-hour Polkadot price analysis that the market is now favoring the bullish side because the majority of significant technical indicators either support bulls or are neutral. As a result, we anticipate that Polkadot’s price will continue to rise. Although robust, the $7.36 resistance level may be broken in the ensuing hours by bulls.

Avalanche price analysis: AVAX to retest $20 resistance, as bullish momentum grows


Given that the price is currently rising, the Avalanche price analysis displays optimistic momentum. Bulls were able to raise the price and re-challenge the $20 resistance after the price suffered a significant drop on February 16, 2023, to $18.56. The price has since gotten close to the resistance. By pushing the price up to $19.68, the bulls almost made up for their loss, and they’ll try to push it beyond the $20 mark soon.

AVAX/USD 1-day price chart: Bulls gain 3.54 percent

According to the 1-day Avalanche price analysis, the bullish momentum has raised the price to $19.68 as of this writing with the next resistance level of $20 as the goal. Over the past 24 hours, the AVAX has increased in value by 3.54 percent, and over the past seven days, it has increased by about 10.27 percent. The market domination is now 0.55 percent due to a 3.76 percent decline in trading volume.

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AVAX/USD 1-day price chart. Source: TradingView

The volatility for AVAX is also high as the Bollinger bands are widening, with the upper band at the $21.95 mark representing resistance for AVAX and the mean average of the Bollinger bands present at the $17 mark representing support for AVAX/USD. The price has also moved past the mean average of the volatility indicator, which is present at the $19.48 mark, whereas the moving average (MA) is still trading below the SMA 50 curve at the $18.56 level.

The relative strength index (RSI), which indicates a potential increase in buying activity, is currently trading at index 55 in the upper half of the neutral zone on an upward trajectory.

Avalanche price analysis: Recent developments and further technical indications

A spike higher toward $20.08 was also seen during the first four hours of the current trading session, but bulls were unable to maintain the position. According to the 4-hour Avalanche price analysis, the price has continued covering range upwards since breaking upwards today. Bulls are expected to target $20 once more as the price is currently approaching $19.68.

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AVAX/USD 4-hours price chart. Source: TradingView

Although the 4-hour chart’s volatility is likewise significant, the Bollinger bands, particularly the bottom band, show signals of convergence inward. However, at $19.24, the mean average of the Bollinger bands is only marginally below the price point signifying AVAX’s support. The RSI also exhibits an upward trend, which denotes buyer activity.

Avalanche price analysis conclusion

According to the Avalanche price analysis, the value of cryptocurrency has significantly increased today. since the price has been rising over the past 32 hours. In the ensuing hours, we anticipate the AVAX to keep rising. AVAX may continue trading in the $19 region over the next several hours, although breaking over the $20 resistance is also possible today.

Dogecoin price analysis: Bullish flight at risk after bears restrict price under $0.088


The Dogecoin price analysis report shows that the bulls have made a concerted effort to maintain their streak, and that they have thus far been successful enough as the price has reached a high of $0.088 today. Since February 11, 2023, the price has been growing steadily, indicating an increase. There have been periods when the price corrected in a bearish direction, but overall, bulls have dominated. But now, bulls are active and leading the price function for the second consecutive day.

The past few hours had observed a continuous bullish streak that was on course to go above the current resistance, i.e., $0.089. However, the bears have stopped the price levels from rising any further, and a correction has just begun.

DOGE/USD 1-day price chart: DOGE bulls mark 2.64 percent gains

The bulls have effectively created a short-term upward trend line on the 1-day price chart for Dogecoin price analysis, as the price has been steadily rising. The bulls have also managed to avoid the bears, who had been in the lead for the previous few weeks due to increased selling activity seen in the market. The next obstacle that bulls will run into is at $0.089. Bulls are pushing the price function upward.

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DOGE/USD 1-day price chart. Source: Tradingview

The price is trading above the moving average (MA) level, which is present at the $0.0.84 mark. As the price has been on a continuous increase for the last week, the Bollinger bands also show high volatility, with both its limits shifting apart. The upper band is present at $0.097, and the lower band is present at $0.078 representing support for DOGE. The relative strength index (RSI) score has improved to index 52 after the recent bullish trend.

Dogecoin price analysis: Recent developments and further technical indications

The 4-hours Dogecoin price analysis is predicting a decline in the price, as the bears are regaining their strength after a continuous defeat. The price has decreased to $0.087, which is surprising considering that the past few hours have seen the bulls maintaining their lead successfully.

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DOGE/USD 4-hour price chart. Source: Tradingview

The moving average (MA) value of $0.086 is still below the current price value, as the bulls have been at reign previously. Meanwhile, the Bollinger bands are maintaining an average of $0.087, at the time of writing.

The other values related to Bollinger bands are equally important in predicting the ongoing trend, and the upper band is at $0.090 while the lower band is at $0.084. Meanwhile, the RSI score has also been moving horizontally flattening out at index 57, but still holds a secure place.

Dogecoin price analysis: Conclusion

The 1-day and 4-hours Dogecoin price analysis is directing us that the bears are trying to take charge again. The bears are giving resistance to the bullish uptrend and have successfully interrupted the bullish streak just when the price has gone above the last resistance mark. The bears have caused the price to lower to $0.087, and further downfall can be expected if more sellers enter the market.

Solana price analysis: SOL price declines to $21 after turning bearish


The most recent Solana price analysis shows a significant bearish trend as sellers predominated the market over the day. The price of the coin has once again fallen to $21.63, but when the price hit a low, support appeared, and the bulls are now aiming to drive the price levels up once more. The price is trading downward and there is general selling pressure, which is terrible news for cryptocurrency. If the selling trend persists, possibilities of a future decline might be expected.

SOL/USD 1-day price chart: SOL steps down to the $21 range

Due to the bears’ recent dominance, the daily Solana price analysis anticipates a downward trajectory for the market today. Today’s price decline is the result of the current unfavorable market conditions, which favor the sellers. Following the most recent sell-off, the coin’s value has decreased to $21.63. If there is an increase in selling activity, a further degree of decrease will shortly follow. The one-day SOL/USD price chart’s moving average (MA) value is $21.58, and the trading volume has climbed by 40.42 percent.

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SOL/USD 24-hours price chart. Source: TradingView

The volatility is gradually rising, which suggests that price variations may get worse in the future and that things might get better for purchasers. The Bollinger bands’ upper and lower limits, which represent the strongest resistance and support for the price function of cryptocurrencies respectively, are both hitting the $26.39 and 19.73 edge respectively. Due to the price’s apparent inclination to decline, the Relative Strength Index (RSI) is currently centred around index 48.

Solana price analysis: Recent developments and further technical indications

Although there is still bearish pressure in the market and a downward trend is still visible in the four-hour Solana price analysis, bulls have managed to make a return in the past four hours. The leading position had been alternately held by the bulls and the bears before, but the bulls currently appear to have reclaimed it after suffering a significant loss since the trading session began. Currently around $21.63, the value of cryptocurrency can be expected to rise.

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SOL/USD 4-hour price chart. Source: TradingView

The price is still above the level of the moving average value, which is currently trading at $21.46. Because of the relatively high volatility, the price movement in the future could be bullish. The top bound of the Bollinger bands is at $22.24, and the lower bound is at $20.17. The RSI score has remained at index 49 while the Bollinger bands average has decreased to $21.21.

Solana price analysis conclusion

Forecasts made by the daily Solana price analysis favor the bears. Due to the price’s decline over the preceding 24 hours, the coin worth dropped to $21.63. Nevertheless, the four-hour price analysis shows that the bulls have regained market control. The price chart’s four-hour green signal indicates that the price level may climb once more. However, if we closely monitor the price pattern, the slump can also last the rest of the day.