Polkadot (DOT) is in the red today as the bears seek to regain control over its price. DOT traded at $4.37 on January 1, 2023, and increased to $5.13 on January 11.
It remained within this range before moving to $6.23 on January 20. Also, DOT increased to the $7 price level on February 17 as the bulls seized control of its price.
However, a gradual bearish turn between March and April forced it back to $5, where it currently trades today.
Polkadot Price Prediction Today Are The Bears In Control?
DOT is trading in a sideways trend forming a red candle on the daily chart. It is below its 50-day and 200-day Simple Moving Averages (SMA), with bearish sentiment in the short and long term.
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The SMA calculates an asset’s average price over a specified period and helps predict trend direction. If the bears persist, DOT’s 50-day SMA, which is about to drop below its 200-day SMA, will form
We współpracy z: https://www.newsbtc.com/analysis/dot/polkadot-dot-bulls-retreat-as-bears-drag-the-price-down/
