DOT prices crossed the $10 barrier last week but struggle to sustain and retest the breakout. Is it a retest or a bullish failure ready to break below $10?

Key technical points:
<ul>
 	<li style="font-weight: 400">DOT prices fell 45% in the 30 days.</li>
 	<li style="font-weight: 400">MACD and signal lines merge in the negative territory.</li>
 	<li style="font-weight: 400">The 24-hour trading volume of Polkadot is $841 Million, indicating a 3.77% surplus. </li>
</ul>
<h2>Past Performance of DOT</h2>
The falling channel in the DOT prices showcases a correction phase driving the overbought prices under the market value. Starting from the top of the falling channel at $22.85, the downtrend breached the $10 barrier but currently resurfaces above it. 

<img src="https://s3.tradingview.com/snapshots/m/MEcrragU.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/MEcrragU/">Tradingview</a>
<h2>DOT Technical Analysis </h2>
DOT prices showcase a flattish trend with growing bearish influence above the psychological barrier of $10. However, the falling trend in volume reflects the liquidation of high-leverage positions and brings stability to the price trend. This keeps a neutral motive till the actual price develops.

The falling trend in the crucial 50, 100, and 200 EMAs continues in a bearish manner due to the recent loss of an upward-looking crossover. The 50-day EMA returns to the 100-day ESMA and the beginning of a falling channel.

The downtrend in the RSI slope (blue line) shifts into neutral gear below the halfway line after crossing above the 14-day SMA. As for the MACD indicator, the gradual reversal in the fast line merges with the signal line in the negative territory.

Hence, the technical momentum indicators in DOT/USD chart show a gradual rise in underlying bullishness, but the question of its sustenance still stands.
<h2>Upcoming Trend</h2>
Considering the liquidating positions were bearish, it will long-squeeze the DOT prices higher above the $10 mark and hit the 50-day EMA at $15. However, a fall under $10 will retest the $7 mark.

Support Levels: $10 and $7

Resistance Levels: $12 and $15

DOT Technical Analysis: Back At $10, DOT Holders Get Nervous

DOT prices crossed the $10 barrier last week but struggle to sustain and retest the breakout. Is it a retest or a bullish failure ready to break below $10?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

DOT Technical Analysis: Back At $10, DOT Holders Get Nervous

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