Polkadot (DOT) Hits The Brakes At $7.34 After Brief Recovery

Polkadot (DOT) price shows that the coin has finally latched on to its support zone. Polkadot price analysis looks extremely bearish DOT/USD resistance at $7.79 DOT/USD support at $7.05 The bulls did a clap back and were able to rebound as DOT dodged further downtrend that falls below $7.22 and instead went for a range upwards or shooting towards $7.42. ADA showed some recovery but provided the necessary support for the coin’s price. With the prevailing intense selling pressure in the market, a downtrend was apparent for ADA that has been lingering for more than a week now. According to CoinMarketCap, the DOT price has swerved down again as it dropped by 3.65% or is trading at $7.14. Evidently, the coin has corrected and had dipped lower at it was priced at $7.34 a few hours ago. Related Reading: Fantom (FTM) Hit By Bearish Sentiment Despite Logging Over 300,000 Active Users Polkadot Bears Smacked the Bulls From a 24-hour perspective, Polkadot’s price reveals the presence of intense selling pressure that has resurfaced due to the reduction in coin price. The bears were also able to smack the bulls that were acing it yesterday as increased selling pressure has been noted today. With the bears pummeling the price downward, DOT price slumped to $7.34 which sets the next support at $7.05. The coin is said to have gained 1.15% profit overnight due to the coin’s bullish streak yesterday. On the other hand, DOT lost around 19.7...