With all of Polkadot's technical conditions showing weakness today, there's potential for this cryptocurrency to weaken further

[Ben Graham]

[Polkadot]

With the RSI in the Neutral-Bearish zone and both EMAs forming a Death Cross, Polkadot is likely to weaken toward its nearest support level today.

Key Levels:

1. Resistance. 2 : 3.1364

2. Resistance. 1 : 2.9587

3. Pivot : 2.8575

4. Support. 1 : 26798

5. Support. 2 : 2.5786

Tactical Scenario:

Pressure Zone: If the price of Polkadot breaks down and closes below 2.6798, it may continue its decline to 2.5786.

Momentum Extension Bias: If 2.5786 is breached, Polkadot will test 2.4009.

Invalidation Level / Bias Revision:

The downside bias is contained if Polkadot strengthens and breaks above 3.1364.

Technical Summary:

EMA(50) : 2.8938

EMA(200): 3.0093

RSI(14) : 45.20

Economic News Release Agenda:Tonight from the United States, the only economic data release is for Natural Gas Storage at 22:30 WIB.

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