DOT - 4h. Buyers are preparing for test $22

29 Jan 2021

Despite the strong growth of the Polkadot project token and our desire to adjust the price, the growth prospects remain high. The chart shows that after abnormally high volumes on January 16-17, the price of DOT slowed down. Sellers were able to stop the frantic growth.
However, the sellers failed to arrange a deep correction. In fact, from January 17, the price of DOT is traded in the consolidation range, which is more likely to break up.

At the moment, buyers are trying to gain a keep above the middle line of this range to storm the upper limit of $17.5-18. Fixing a price above this range will give buyers the opportunity to continue to grow with the first local target of $22.

An alternative scenario will take effect if buyers do not withhold $14.7-15. In this case, we expect the DOTUSD price to drop to $11.7

Our global DOTUSDT idea:

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