Polkadot Price Is Trading Under the Rising Channel, CMP Above Vital DMA Lines

• Polkadot price is trading inside the rising channel pattern while making the higher highs and lows and lower volume activity. 
• The crypto asset is currently trying to overcome the loss and hold its all vital moving averages of 20, 50, 100, and 200-day lines. 
• The pair of DOT/BTC is trading at 0.0007116 BTC with an intraday gain of +1.90%, and the ratio of DOT/ETH is CMP at 0.01044 ETH with a 24-hour change of +0.38%.   

Polkadot price at the monthly chart is trading under the rising channel pattern. Meanwhile, the token is currently struggling near its short-term moving averages of 20 and 50-day lines. The coin is presently placed above its 100 and 200-day, and volume activity is lower, improving in upcoming trading sessions. The overall bullish trend is still favoring the bulls until the token sustains above all DMA lines, with supportive volume activity.

DOT tokens at the lower side can face slight support around $38.50 to $36.10 in upcoming trading sessions. Support on the lower side is $36.10 and $31.70, whereas resistance on the higher side is $46.50 and $49.85.

Polkadot price at the 4-hour time frame is trading under the bullish chart pattern

Polkadot price at the 4-hour time frame is trading under the bullish chart pattern. While trying to rebound from the base of the channel pattern but volume activity is slightly lower. The technical parameter is heading lower and heading towards the lower or oversold zone. Volume over the chart is lower and needs to improve sharply for sustainability on the higher side. DOT price is trading at $42.66 with an intraday dip of -3.86%, and the volume to market cap ratio is 0.07132.  

Relative Strength Index (BEARISH): Polkadot price RSI is heading towards the lower or oversold zone at the weekly chart. In contrast, the coin is trading near the lower area of the chart pattern and projects slight caution with longs, RSI at 41. 

Moving Average Convergence Divergence (BEARISH): The daily chart projects a bearish trend at the 4-hour time frame. At the same time, the seller’s line (red) overpowers the buyer’s signal line (green) with a negative crossover.     

Support levels: $36.10 and $31.70

Resistance levels: $46.50 and $49.85.