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Polkadot DOT/USD Forecast for 01/21/2021

The Polkadot DOT USD cryptocurrency rate has grown by 7% over the past 24 hours. The cryptocurrency ranks fourth in the cryptocurrency rating with a capitalization of $ 16.15 billion.

The DOTUSD rate is growing, the pair is still in an upward trend. The cryptocurrency is above the Ichimoku cloud, which indicates an upward trend for the crypto pair.

The signal lines of the Ichimoku indicator are also directed towards the appreciation of the cryptocurrency.

The nearest support level is 15.95 (the red slow signal line of the Ichimoku indicator).

Polkadot DOT/USD Forecast for 01/21/2021

The resistance level is the current absolute maximum of the DOT / USD cryptocurrency price - 19.35. Also the resistance level, an important Fibonacci level is 18.1. If the Polkadot rate is able to overcome this mark, the upward movement of the cryptocurrency will continue, which will open the way for it to a price of $ 26.5.

A short-term pullback to the support level of 15.95 is possible. A rebound from this level will provide additional incentive for the growth of Polkadot quotes.

Thus, the forecast for the Polkadot exchange rate for January 21 suggests a short-term pullback to the support level, which will give impetus to the renewal of the DOT / USD highs.

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