Polkadot Falls To New 2022 Low: Time To Buy?
On social platforms like Twitter, there is a fair amount of chatter related to Polkadot going on. In fact, according to LunarCrush’s data, DOT-related social engagements have risen by 30.7% over the past week. At press time, it was the talk of the crypto town for scripting a new bearish record. With three more days left in 2022, Polkadot has stooped down to a new yearly low. As illustrated on the 4H chart, the price of the asset noted a free fall to $4.26 a couple of hours back. The tale was slightly different for DOT until a few days back. In mid-December, the price of the asset created a lower low. That was accompanied by a higher low scripted by the RSI, which flashed a bullish divergence. Right after the divergence materialized, a long green candle was registered by Polkadot . After a brief consolidation that followed, DOT rallied up to the brink of $4.6, before getting rejected and initiating a downtrend. Source: TradingView When zoomed out further, it can be see...