Cointime

Cointime

Download App
iOS & Android
Home / Projects

Polkadot's Price Consolidation and Potential Bearish Zone: A Shorting Opportunity or Bullish Momentum?

The following information is solely the opinion of the writer and should not be taken as financial advice. A collection of top AI tools for various tasks is presented. Polkadot (DOT) has been experiencing price consolidation between $5.19 - $5.49 for most of May, with recent price action closing above the mid-range of $5.3.

However, if Bitcoin (BTC) falters at $27.8k, DOT could also experience a trend reversal at the bearish zone. The FVG zone of $5.47 - $5.61, which lines up with the 200-MA and range high of $5.5, could potentially create a strong bearish zone for DOT.

Polkadot Polkadot $6.81
+0.15%
Polkadot
Comments

All Comments

Recommended for you

  • BNB Chain’s high-risk DappBay alert list adds 7 new projects including AlphaOrBeta

    BNB Chain updated its Dapp Bay high-risk DApp Red Alarm project list. The projects that were added to the list in the past 24 hours include AlphaOrBeta, Rocket Wallet, BIM Finance, Goose Finance, Uno Re, Anchor Finance, and Sashimi Swap.

  • Solana Devnet is currently down, Solana Testnet is not affected

    Solana Devnet (Developer Network) is currently down. Solana Devnet Status stated that its engineering team is working to resolve the issue, which will not affect Solana Testnet or Mainnet Beta, and is expected to be back online soon.

  • Base Publishes 2024 Round 6 Base Builder Grant List

    On April 19th, Base released the list of recipients for the 6th round of Base Builders funding in 2024. The list includes payment application PayFlow, blockchain battle game The Old Castle Defense, music collaboration and creative space sponsor Fam, blockchain social marketplace Talent Protocol, Mac application developer Steve Dakh, Chrome extension developer Martycfly for building Base cost tracker, pixel art collection generator Primitives, cross-chain bridge Base Migrate, blockchain data browser sealaunch.xyz, and blockchain development company Chain Rule.

  • Uniswap Foundation: v4-core (PoolManager) will freeze code and is expected to be deployed later this year

    The Uniswap Foundation has announced that Uniswap v4-core (PoolManager) will soon enter the code freeze period. The v4 features will be considered as complete and no longer have new features added, rebuilt, or undergo major changes (such as removing hook permissions or how to implement dynamic fees). After the code freeze, developers will be able to implement hooks, create interfaces, implement position management with other external contracts, write production-ready code without mandatory refactoring. At the same time, after the code freeze, the core contracts will enter the audit phase, and v4 is expected to be deployed later this year.

  • ARKB had a net inflow of $10 million yesterday

    ARK Invest's Bitcoin spot ETF, ARKB, had a net inflow of $10 million yesterday (April 18).

  • CZ launches testnet course on Giggle Academy

    CZ, the former CEO of Binance, announced the test network course of the recently launched education project Giggle Academy. CZ shared a video clip on his X account, which involved a course in an installable Android software package (Apk).

  • Ordinals founder confirms that the Runes protocol only hard-codes rune number 0

    On April 18th, Casey Rodarmor, the founder of Ordinals, stated during a Discord community meeting that the Runes protocol only hardcodes the 0th rune, which is "UNCOMMON•GOODS". The other nine token names are not hardcoded into the Runes protocol due to a lack of good ideas. According to Casey's previous plan, the Runes protocol will hardcode the first 10 runes, which are numbered 0-9.

  • There are only about 3 days left until the Bitcoin block reward halving

    According to data, there are still 432 blocks left until the Bitcoin block reward is halved, which is approximately 2 days, 23 hours, and 45 minutes.
  • Cointime精选 ·

    Trends in Voter Behaviour and Voting Power: A Comparative Study in Curve Finance and Polkadot

    Blockchain technology has ushered in a new era of innovative governance mechanisms for decision-making. It shifts power from small, centralized groups to a broader community, democratizing and monetizing voting power. This transformation significantly boosts participation, enhances transparency, and secures the decision-making process within the community.
    Trends in Voter Behaviour and Voting Power: A Comparative Study in Curve Finance and Polkadot

  • Germany’s Largest Federal Bank to Provide Cryptocurrency Custody Services

    Germany's largest federal bank, Landesbank Baden-Württemberg, plans to partner with Bitpanda exchange to provide cryptocurrency custody services. In a joint statement on Monday, LBBW and Bitpanda announced that they will begin offering cryptocurrency custody services to institutional and corporate clients from the second half of 2024.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company