Polkadot Price Prediction: Short-term Trend Depends on Triangle’s Resolution

Polkadot is on the verge of hitting a 3-day losing streak, after failing to break the resistance at $24.719. This has allowed the symmetrical triangle on the daily chart to stay intact, with price now heading for a test of the opposite border.

Polkadot has been listed on Coinbase and CoinbasePro, but this did not have the magical effect that such news has had on some tokens in recent times.
The DOT/USDT pair is down 3.28% as of writing.

With the symmetrical triangle on the daily chart still in the process of resolution, the Polkadot price prediction is for the resolution of this trianle to determine the near-term direction of the token.

Technical Levels to Watch

The rejection at the triangle’s upper border kept the price within the consolidation area. Price now appears headed for the lower border, making contact with the 21.73 support. A breakdown of this area opens the chance for a move towards 19.32. Below this level, 15.27 and 10.58 (6 Jan highs) form additional targets to the south.

Conversely, a bounce on the support areas as well as an overthrow of the 24.71 resistance allows 30.229 to enter this picture. 32.030 would also be lurking in that location.

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Polkadot: Daily Chart

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