DOT Slides Below $7.0 Level; TAMA Presale Almost Sold Out

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The Polkadot (DOT) price prediction is down at 3.06% at the time of writing as the coin goes below the opening price of $7.21.

Polkadot Prediction Statistics Data:

  • Polkadot price now – $6.98
  • Polkadot market cap – $7.8 billion
  • Polkadot circulating supply – 1.1 billion
  • Polkadot total supply – 1.2 billion
  • Polkadot Coinmarketcap ranking – #11

DOT/USD Market

Key Levels:

Resistance levels: $9.0, $9.5, $10.0

Support levels: $6.0, $5.5, $5.0

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DOT/USD breaks below $7 after an unsuccessful attempt to settle above the 9-day and 21-day moving averages as the coin touches the daily low at $6.90. The Polkadot price is changing hands at $6.98, down 3.06%, and the bears have so far been keeping the market price at the negative side; hoping to touch the nearest support at $6.5.

Polkadot Price May Face the South as Tamadoge Presale Hits $16 Million

The Polkadot price is currently heading to the south, but according to the daily chart, a break above the moving averages could give the coin a boost towards the important resistance levels at $9.0, $9.5, and $10.0. On the other hand, the technical indicator Relative Strength Index (14) has a bearish feel as the signal line may cross below the 40-level.

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Meanwhile, if the coin dives and faces the lower boundary of the channel, the Polkadot price could create more downtrends. However, the market price may head to the downside if the technical indicator Relative Strength Index (14) slides and cross below the 40-level. Therefore, the critical support levels could be found at $6.0, $5.5, and $5.0.

Against Bitcoin, the bears are making effort to step back into the market as the coin shows some negative signs that could make lower lows if the price remains below the 9-day and 21-day moving averages. On the downside, the nearest level of support lies at 3200 SAT and below.

DOTBTC 12092022
DOTBTC – Daily Chart

Looking from the upside, the nearest resistance level could be found above the 9-day and 21-day moving averages, which may locate the resistance level at 3900 SAT and above. The technical indicator Relative Strength Index (14) is likely to remain below the 50-level, suggesting that more bearish signals may come to focus.

The Tamadoge team said that the move aims to make investing in TAMA easy and safe. These users can be confident in transferring fiat into crypto, hence the need for Tamadoge to secure this deal with Transak. One of the strongest pillars of any project in the web 3.0 & crypto sector is having a solid team to see the project succeed. The TAMA website has revealed Thomas Seabrook as the Tamadoge lead developer and Carl Dawkins as the head of growth. The other members of the Tamadoge team include Neil Palethorpe and Siphamandla Mjoli, who have joined as the Senior Interaction Designer and the Senior Blockchain Developer, respectively.

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• Visit Tamadoge Website

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