Bitcoin
BTC$63 722.47

-1.91%

Ethereum
ETH$3 049.10

-1.76%

Tether
USDT$1.000325

-0.05%

Binance Coin
BNB$554.95

-0.79%

Solana
SOL$141.75

-2.06%

USD Coin
USDC$1.000076

-0.01%

Polkadot (DOT) ends weekend with 10% surge


13 Sep 2021

#Polkadot

Signs of strength slip into Bitcoin markets but altcoins are proving more interesting as the weekend draws to a close. Bitcoin (BTC) hit problems at $46,000 on Sept. 12 after a “strong bullish divergence” on lower timeframes met with resistance. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reject sharply after hitting local highs of $46,280 on Bitstamp. The move continues a ranging weekend, over which the pair failed to recover from Friday’s sell-off. $45,500 is an important level for Bitcoin in the form of its 50-day moving average, a level which on Sunday continued to hold as support. As noted by trader and analyst Rekt Capital, lower timeframes showed increasing strength on the day, with a “strong bullish divergence” characterizing the 4-hour chart. At the time of writing, however, no new levels had entered as support.

“Bitcoin formed a Lower Low on the 4-hour timeframe during the days spanning the 8th and 10th of September,” he summarized. “Over the course of the 10th and 12th of September however, $BTC formed a new Higher Low on the 4-hour timeframe.”

Cointelegraph contributing analyst Michaël van de Poppe was also on the lookout for a higher low construction. “Looking at a higher low to be constructed at Bitcoin and then we're ready to go toward $50K,” he said Saturday.

Polkadot leads Sunday's altcoin moves

As Cointelegraph reported, expectations include a Bitcoin price dip to as low as $38,000 at worst, with September poised to be a month of rumination for the bull run continues. Bitcoin’s overall crypto market dominance continued to fall at the weekend, nearing 40% in what could prove to be a boon for altcoin performance.

Signs of life were already present on major alts Sunday, with Polkadot (DOT) leading the top ten with 10% daily gains. The largest altcoin, Ether (ETH), was up 3.2% at $3,425, albeit still down 13% compared to its position last weekend.


Related

Moonbeam (GLMR) launch brings EVM interoperability closer to the Polkadot network
Moonbeam (GLMR) launch brings EVM interoperability closer to the Polkadot network
Polkadot price moves higher as parachain auctions reduce DOT’s circulating supply
Polkadot price moves higher as parachain auctions reduce DOT’s circulating supply
Polkadot to debut parachain auctions after governance vote
Polkadot to debut parachain auctions after governance vote
Three reasons why Polkadot is en-route to a new all-time high even after a 256% rally
Three reasons why Polkadot is en-route to a new all-time high even after a 256% rally
Reasons why Polkadot could be the next altcoin to hit a new all-time high
Reasons why Polkadot could be the next altcoin to hit a new all-time high
Polkadot (DOT) and Kusama (KSM) skyrocket in price after attracting $30M in funding
Polkadot (DOT) and Kusama (KSM) skyrocket in price after attracting $30M in funding
Polkadot ETP hits Swedish stock market
Polkadot ETP hits Swedish stock market
Raise a PINT to Polkadot’s new index token: Six top projects sign up
Raise a PINT to Polkadot’s new index token: Six top projects sign up
Cross-chain DEX to be deployed on two layer-two solutions on Polkadot
Cross-chain DEX to be deployed on two layer-two solutions on Polkadot

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 80.8% 27 $63 722.47 -1.91% -5.43% $1 254 548 083 658 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 74.4% 45 $3 049.10 -1.76% -6.71% $366 112 552 847 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000325 -0.05% 0.01% $109 505 181 069 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 88.4% 18 $554.95 -0.79% -6.33% $82 983 392 764 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 74% 51 $141.75 -2.06% -6.33% $63 337 369 405 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 93.2% 2 $1.000076 -0.01% 0.01% $33 906 004 843 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 69.6% 60 $0.520763 3.70% -4.14% $28 709 204 049 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 68.8% 59 $0.152424 -0.30% -10.98% $21 943 232 561 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 66.4% 64 $6.21 -13.14% -6.99% $21 567 602 629 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 67.2% 60 $0.478029 2.11% -6.44% $17 029 608 325 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.8% 85 $0.000023 -1.19% -5.25% $13 626 535 473 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 67.6% 60 $35.07 -1.04% -8.93% $13 256 092 751 AVAX 7 days price change
13 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 81.2% 31 $63 775.63 -1.88% -5.40% $9 909 695 227 WBTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 72.4% 57 $6.74 -1.34% -7.42% $9 676 778 695 DOT 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.