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Crypto Daily – Polkadot reversed from support area

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Polkadot cryptocurrency recently reversed up from the support area located at the intersection of the pivotal support level 17.00 and the lower daily Bollinger Band. On a similar note, this has been reversing Polkadot since January, as seen from the daily Polkadot price chart below. The upward reversal from this support zone managed to apprehend the previous medium-term ABC correction 2.

Given the strength of the aforementioned support area, oversold daily Stochastic and the rising bullish sentiment across cryptocurrencies today – Polkadot is expected to rise further toward the next resistance level 20.00 – above the previous Evening Star observed in early February.

Last Updated: February 21, 2022

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Crypto Daily – Polkadot reversed from support area

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