How Polkadot managed to remain bullish while broader markets saw fear - BitcoinEthereumNews.com
Pinagmulan: DOT / USDT sa TradingView In late December, DOT fell out of a descending triangle pattern (white) and plunged to $16. The past few months have seen the price oscillate between the $16 lows and the $23.18 resistance level. Pinagmulan: DOT / USDT sa TradingView The RSI dropped below 50 in response to the strong drop from $23 in the past two weeks. With a reading of 42, the momentum was not quite strongly bearish, nor was the trend on the daily bearish according to the RSI. The CMF also slipped beneath the -0.05 level in response to the recent wave of intense selling. However, the OBV offered some solace to the bulls. It has not dropped beneath a level that had been resistance in February, which meant that buyers still had some control over the direction of DOT. Konklusyon Polkadot has a bullish outlook for the next few weeks, provided Bitcoin does not see a strong drop beneath the $39k level. This could spark further fear in the market. From a technical perspective, the market structure leaned toward the bullish side. However, a drop beneath $16.15 could shift this bias.