Biggest Movers: DOT Drops to 6-Week Low on Tuesday

Polkadot was 1 of Tuesday’s biggest movers, arsenic the token dropped to a six-week debased successful today’s session. Prices fell for a semipermanent enactment constituent of $5.60, arsenic the planetary crypto marketplace headdress was erstwhile again 1% little today. Avalanche besides deed a terms level connected Tuesday.

Polkadot (DOT)

Polkadot (DOT) was down for a 2nd consecutive league connected Tuesday, arsenic sentiment successful cryptocurrency markets remained bearish.

DOT/USD dropped to a debased of $5.61 earlier successful the day, which comes little than 24 hours aft trading astatine a precocious of $5.82.

As a effect of the move, polkadot slipped to its weakest constituent since March 12, erstwhile terms was trading astatine $5.47.

DOT/USD – Daily Chart

Today’s diminution saw DOT adjacent a level astatine $5.60, with bulls truthful acold rejecting a breakout beneath this point.

At the clip of writing, the token is trading astatine $5.68, which comes arsenic the comparative spot scale (RSI) jumped from a level of its own.

The scale rebounded from a level astatine 36.00, and arsenic of writing, is tracking astatine 37.52.

Avalanche (AVAX)

In summation to DOT, Avalanche (AVAX) was different notable mover connected Tuesday, arsenic the token fell to its ain level of support.

Following a precocious of $17.06 to commencement the week, AVAX/USD sunk to a bottommost astatine $16.53 earlier today.

Tuesday’s diminution saw bears effort to instrumentality avalanche to a semipermanent terms level astatine $16.30, nevertheless they were unsuccessful, frankincense far.

AVAX/USD – Daily Chart

Looking astatine the chart, and akin to what occurred with DOT, the breakout was rejected arsenic the RSI remained supra a level of 41.00.

As of writing, terms spot is tracking astatine 41.27, with a ceiling of 43.00 a imaginable people for bulls looking to widen the existent rebound.

Should this occur, determination is simply a accidental that AVAX could scope $17.00

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Will avalanche ascent supra $17.00 this week? Let america cognize your thoughts successful the comments.

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