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Crypto Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Polkadot (CRYPTO:DOTUSD)
Long-Term Downtrend (-90) - DOTUSD is in a strong downtrend that is likely to continue. While DOTUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DOTUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DOTUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for DOTUSD
The long-term trend has been DOWN since Jun 9th, 2024 at 6.6025
The intermediate-term trend has been DOWN since Jun 8th, 2024 at 6.6825
The short-term trend has been DOWN since Jul 23rd, 2024 at 6.3710
Smart Scan Analysis for DOTUSD
Based on our trend formula, DOTUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.7990 | 5.8875 | 5.8875 | 5.8570 | +0.0580 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.7990 | 2024-07-26 20:13:24 |