• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, September 6, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Polkadot Price Analysis & Prediction (March 6th) – DOT Looks Weak But There’s Still Hope For Buying

Michael Fasogbon by Michael Fasogbon
March 6, 2023
in News
Reading Time: 3 mins read
0
polkadot

Polkadot (DOT)

Share on TwitterShare on Facebook

Polkadot saw a rejection and followed a downward shift after almost touching $8 in mid-February. It closed the month weak but has shown a small sign of strength today. More recovery could surface in the next couple of days.

So far, DOT has seen relative growth over the past months as the trend turns in favor of the bulls. The year-to-date profits have accrued to about 50% despite losing almost 30% of its gains in the last two weeks.

Last month saw the asset through a little correction phase after posting several gains in the first month. The price broke out of the structure and tapped $7.9 on February 19, but the momentum failed due to a sharp rejection.

It dropped to a two-week low of $6.3 yesterday but increased slightly today following the overnight recovery in Bitcoin’s price. As a result of this, Polkadot has started to show little strength but is not noticeable enough to signal a green light for a buy.

The forming bullish pattern on the daily chart suggests a potential swing high, which is capable of skyrocketing the price well above the $8 mark in the coming weeks. Bitcoin will have to reclaim lost highs alongside.

Shorting below the orange supply zone – as shown on the daily chart – will cause a serious loss in the future. A look at the setups from a technical perspective indicates a bullish continuation for this month.

Polkadot’s Key Levels To Watch Out For

polkadot price analysis
Source: Tradingview

The crucial resistance levels to keep in mind for more upside moves are $7 and $7.43, marked as the mentioned supply zones. The $8 resistance level is also considered a pivot level for a breakout. Above it lies $8.64, $9 and $9.6.

In the case of more decline, the $6.4 level remains minor support, followed by major support at $6. Lower support levels to watch are $5.6 and $5 in case of a breakdown.

Key Resistance Levels: $7, $7.43, $8

Key Support Levels: $6.4, $6, $5.6

  • Spot Price: $6.5
  • Trend: Bearish
  • Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.

Image Source: skorzewiak/123RF // Image Effects by Colorcinch

Previous Post

Are Solana (SOL) and Shiba Inu (SHIB) Set For Recovery? Analysts Favor Orbeon Protocol (ORBN) Presale

Next Post

Bitcoin Price Analysis & Prediction (March 6th) – BTC Falls by 2% After Rejecting $24k, More Drops Ahead?

Related Posts

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?
News

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Ethereum whales dump $1.8B – but could retail flip the script?
News

Ethereum whales dump $1.8B – but could retail flip the script?

August 31, 2025
Bitcoin slips to $108K as Google searches explode – Smart money preparing an exit?
News

Bitcoin slips to $108K as Google searches explode – Smart money preparing an exit?

August 30, 2025
Ethereum $5K Squeeze? Whales and Traders Smell Opportunity
News

Ethereum $5K Squeeze? Whales and Traders Smell Opportunity

August 30, 2025
Bitcoin Price Prediction For The Holiday—Breakout or Breakdown Coming
Featured

Investors Drop Lawsuit Against Strategy Over Bitcoin Risks

August 29, 2025

Press Releases

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

by Jordan Avery
September 2, 2025

Bitcoin recently slid 12.8% from its all-time high, but before the bears start celebrating, context matters. Pullbacks in the range...

Read more
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier