• Sun. Jul 21st, 2024

Price Analysis of Polkadot (DOT), Dogecoin (DOGE), and Avalanche (AVAX)

Feb 6, 2022

The price of Polkadot (DOT) is currently exhibiting a unit price of $21.56 per DOT. It is reportedly a high value being recorded for DOT in the past 24-hours. On January 29, 2022, the low price recorded for Polkadot was worth $18.6 per DOT. In a matter of 7-days, the price of DOT has climbed up by 16.41%, bringing it up to the current high figure.

As of now, the RSI for Polkadot is traveling in the lower zone, suggesting that the bearish run is far from over. The past 7-day elevation hasn’t done much to bring the RSI into the positive zone. However, if the bulls display a tremendous amount of enthusiasm in pushing Polkadot’s price, it may reach up to $23.26 per DOT.

If the bullish sentiments are able to gather more investors to the cause, then Polkadot’s price may shoot up to $25.11. According to analysts, the peak price DOT may settle for now is $27.09 per DOT.

The strong bullish run is also inbound for Dogecoin (DOGE) which has granted the investors to swell the price of DOGE by 6.78%. It is due to the swell that the investors have once again relived the joy of a rally for DOGE.

The price report for DOGE from January 29, 2022, recorded a low price of $0.142 per DOGE. However, the price of DOGE has surged by 4.59% from that point, bringing it up to $0.149 at the time of writing.

For now, the trendline for DOGE is not pointing towards any trend, as it is traveling close to the midline. However, if the bulls show more courage than the bears, then they may be able to display a rebound. This would help push the price of DOGE up to $0.159, and then all the way up to $0.169.

Before the buying power of the investors goes away, the bulls will have another opportunity of pushing DOGE’s price up to $0.179.

The Avalanche (AVAX) supporters are also attempting to pave a high road for the investors. So far, the bulls have achieved their first milestone by creating a 10.20% surge in the past 24-hours. The data suggests that the bulls have been at it for the past 7-days and they haven’t shied away from it. This is the reason why a 13.11% rally can be observed for Avalanche in the past 7-days.

If the bulls are able to steer moving averages and RSI for AVAX in their favor, then AVAX would hit a new unit price. As of now, AVAX is at $78.60, and a recurring rally would help its price grow up to $86.61. If more supporters jump into the field, then AVAX’s price may move up to $92.51 per AVAX.

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