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Polkadot DOT/USD forecast for the week on January 18 - 24, 2021

The price of the DOT / USD cryptocurrency token has grown 3 times over the past 3 weeks, from the initial $ 5 to the current 17. The cryptocurrency is in demand in the cryptocurrency community, and has already been added to many leading exchanges.

At the time of writing the DOT / USD forecast for the week of January 18-24, cryptocurrency quotes are at 17.11. The Polkadot altcoin showed a strong resistance level of 19.3 and the cryptocurrency is now correcting after last week's upward rally.

Polkadot DOT/USD forecast for the week on January 18 - 24, 2021

The support level for the DOTUSD rate will be 14.8. This level showed itself as a resistance level during an uptrend, it is now a support level. At 14.8 is the blue slow signal line of the Ichimoku indicator. If the DOT / USD quotes fix below the support level, the cryptocurrency will continue to fall to the 12.00 quotes area.

Resistance levels, with the exception of the recent all-time high of 19.5, have not yet been determined, since there is not much actual trading history for DOT / USD at the moment.

Thus, the forecast for the DOT / USD rate for the week of January 18-24, 2021 assumes a correction of the Polkadot rate to the area below 14.8.

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