CandleFocus DOT Bulls To Regain Momentum After Recent Pullback?
2024-12-13
Author: Content Editor
Polkadot's native cryptocurrency, DOT, experienced a significant pullback after reaching a peak of $11.64 on December 4. The price dropped by over 35% to a low of $7.5 on December 9, indicating profit-taking after a rally in November. The pullback occurred within an important Fibonacci zone, suggesting that re-accumulation by bulls may have begun. While there is expected bullish momentum, sell pressure remains strong, with significant spot outflows occurring in December. Open interest in derivatives has also dropped, and negative funding rates indicate a shift in favor of shorts. The ratio of shorts to longs on Coinglass has seen a sudden shift, with longs dominating recently. Despite the recent dip, traders see it as an opportunity for gains, but declining market sentiment could deter investors from reinvesting in DOT. However, if DOT gains favor with bulls, it could decouple from overall market sentiment and resume its surge.
Related News
Bitcoin could hit $160K in 2025, fueled by improving macro conditions Governments And Large Institutions Can Buy All The Bitcoin They Want (Except Yours) Daily Market Review: BTC, ETH, LDO, ENS, OP Holdstation launches A(i)gentFi, the first AI agent hub on ZKsync GALA Sets Sight on New ATH Target as JASMY Price Chart Suggests More Strength in Price Toncoin Is In A Range And Targeting The High At $7.00 SUI Hits All-Time High with Record $555M DEX Volume, Eyes $6.61 Target Why is AVAX Price UP while the Market is DOWN? JUST IN! Listing Announcement from Binance for Altcoin Pumped by CZ! Ethereum's Buterin Acknowledges Argentine Peso's Comeback Can Pepe Coin Price Actually hit $1? Long-Term Crypto Forecast: Aave Aiming for $1,700 Rally ChatGPT and Google Gemini Predict How High Dogecoin Price Could Rise After Trump’s Inauguration Societe Generale Conducts Blockchain-Based Repo Transaction With French Central Bank Bitcoin Eyes Breakout Rally to $107K Amid $597M ETF Inflows How Many Times Will the FED Cut Interest Rates in 2025? When Will It Stop? Here are the Renowned Economist’s Predictions Cardano Foundation Regains Complete Control After X Account Breach Bitcoin Miners Focus on Accumulation Strategy CoinRank Partners with Don’t FOMO for Next-Gen Blockchain & Web3 Gaming Market Sentiment Wavers as ARB Tops December Token Unlocks Velodrome Finance (VELODROME) Surges Over 200% on Binance Listing Announcement BNB Chain MVB Program Returns With Exciting Season 9 Launch How much you’d have if you invested $1,000 in Bitcoin when Bill Gates said he’d short BTC ZKsync targets 10K TPS and sub-zero fees by 2025 roadmap goals IQ launches decentralized autonomous AI agents for conversational trading execution Bitcoin analysis: Start selling BTC when this key metric hits 4% Ledger Security in Question After $2.5 Million Stolen from Nano S Wallet Rising Demand Fuels SUI’s $5 Breakout Hopes Why Is the Crypto Market Down Today? Avalanche raises $250 million to launch the Avalanche9000 update Expert Predicts Timeline for XRP Crash to $1.50 and $0.50 Roger Ver Accuses U.S. of Attacking Bitcoin Hong Kong’s crypto broker OSL adds support for TON into OTC services Polygon DAO Weighs $1.3B Stablecoin Deployment to Generate $70M Annual Yield MicroStrategy’s Bitcoin Strategy: Inspiring MARA and RIOT, But at What Cost? Can Aave Maintain Its Momentum and Continue the Bullish Trend? VIRTUAL Token Hits All-Time High as Trading Volume Exceeds $220 Million BLOCKLORDS Announces Partnership with DeepLink to Enhance Gaming Experience TRON Rises, But Remains Stuck At The High Of $0.28 Axie Infinity and Chainlink Highlight Altcoin Profitability Divide $2.7 Billion in Bitcoin and Ethereum Expired: What's Next? Sui Hits All-Time High as Backpack Integration Drives $466M DEX Surge EU digital euro lead Stefan Berger quits to quell sabotage allegations $50 Million Radiant Capital Hack Traced to North Korean Cybercriminals LDO Price Pumps Over 185% as Result of Grayscale Adding LidoDAO to its Trust Products Ripple CTO Explains XRP Burn Mechanics Behind Ripple USD Stablecoin Crypto exchange Gate.io dismisses rumors of security breach WazirX hack victims to see relief soon? On-chain data sparks hope Early Bitcoin investor jailed for unreported crypto gains in $4M BTC sale Popular Memecoin Creator's X Account Hacked, Price Dropped 98 Percent! Bitcoin Exchange Binance Announces the Altcoin It Chose for Its 62nd Launchpool Project! Here Are the Details Matrixport Predicts Bitcoin Price to Soar $160K by 2025 Amid ETF Demand South Korea's Bithumb Lists Scroll (SCR) and Ronin(RON) What’s the Next Target Level for Ethereum? Analyst Announced – “It Could Skyrocket Here” Solana Falls Short of $300 Breakout as SOL Sellers Dictate Price Movement 2025 Predicted to Be ‘Big Year’ for Bitcoin by Pantera Capital Founder Kraken survey: 73% of crypto holders plan to reinvest in 2025 Ether Volume Overshadows Bitcoin on HyperLiquid as Platform Activity Hits $500B Cardano (ADA) Uptrend Faces Hurdles: Will Bulls Break the Barrier? DOT Bulls To Regain Momentum After Recent Pullback? Will Solana Price Rebound Amid Record Developer Adoption in 2024? Analyst Predicts Massive Boom For XRP, Says XRP Rally Has Barely Begun Ripple Price To Moon Soon? How Gaming and A.I on XRP can Fuel Massive Rally SEC Crypto Reforms: Hester Peirce Seeks Clarity, Collaboration, and Regulatory Fairness Ripple Minted 13 Million RLUSD Stablecoin Across XRP, ETH Network Bitcoin Spot ETFs Achieve Historic Milestone with 500,000 BTC in Inflows John Deaton Highlights SEC’s ‘Bullying Tactics’ With Elon Musk and Crypto Cases LINK Surges to 2021 Levels as Trump’s World Liberty Buys More Chainlink Tokens Ledger faces scrutiny after user claims $2.5M in Bitcoin, NFTs stolen Market Awaits Impact of Nearly $3 Billion Bitcoin and Ethereum Options Expiring Today 3 Indicators Suggesting Ethereum Could Be on the Verge of a Price Decline Spanish Bank Invests In Bitwise Aptos Staking ETP On SIX Ex-Paradigm investor raises $75M for new frontier-tech venture firm Polygon community weighs proposal to deploy over $1 billion in stablecoin on its bridge for yield generation ORCA crypto could reach $7.5, but under one major condition ALGO: As bullish crossover emerges, where will the altcoin head next? Bank of England watchdog asks firms to disclose crypto exposure VeChain: As bulls gain ground, is $0.10 next for VET? Aave V4 Upgrade To Be Launched In Late 2024 VeChain (VET) rallies again after presenting renewed tokenomics and rewards 3 signs that forecast Chainlink price will rise to $50 Ethereum could see new all-time high above $5,000, on-chain data signals bullish momentum Crypto vs. Banks: Trump’s Plan to Eliminate the FDIC XRP Price Sets Stage for Bullish Continuation: What’s Next? Ethereum Price Aims Higher: A Smooth Path To $4,000 and Beyond? White House Backs Digital Assets: Could Bitcoin Hit $250K in 2025? Trump team seek ways to slim or abolish banking regulators: WSJ Sell Bitcoin When This Happens, Warns Analyst—Here’s What to Watch For Tether Treasury Injects 972.6M $USDT into Crypto Market, Sparks Crypto Market Surge Asia Tops Crypto Developer Share in 2024: Crypto Report ‘Patient zero’ of Bitcoin gaslighting was Digiconomist in 2018: ESG analyst Haliey Welch’s $HAWK Shows Why We Need Better Standards for Memecoins What Bitwise knows about Bitcoin’s $200,000 prediction and why it matters to you? Solana overthrows Ethereum’s 8-year reign as top ecosystem for new devs FOMO Could Catapult Bitcoin to $150K by Mid-2025 — BTC to Become a 'Must-Have' Asset Astro Bot wins The Game of the Year title along with the Best Direction award Top 10 Altcoins to Watch: Predicted Market Leaders for 2025 Gains Pi Network Price at a Crossroads: Can PI Reach $100 Before Mainnet Launch? EU Seizure of Russia's Assets Could Erode Euro's Reserve Status Crypto vs. Banks: Trump’s Plan to Eliminate the FDIC XRP Price Prediction For December 13 Expert Says XRP Holders Will Be Filthy Rich Because of This Bitcoin Hits $100K as Miners Earn $71.49 Billion in Historic Milestone Crypto Advocate French Hill Picked to Lead House Financial Services Next Year Grayscale Launches Trusts Based on Lido DAO and Optimism Big Breaking: SEC’s Gensler Threatens Elon Musk with Charges Unless He Settles in 48 Hours Bitcoin Price Struggles at $100K: Is The Rally Losing Steam? Dogecoin Sees 60,000 New Holders in 10 Days: DOGE Parabolic Run Ahead? Crypto Exchange Coinbase Adds Support for Gigachad (GIGA) and Two Additional Altcoins Chainalysis Claims HTS Rebels Received Crypto Donations Before Syrian Civil War Victory Blockchain Capital Deposits 16,964 $AAVE to FalconX after Two Years Key Indicators Signal Bitcoin’s Next Move: Should Investors Brace For A Market Shift? Ethereum’s $4,000 Barrier Fails to Shake Trader Confidence MicroStrategy wins Bitcoin miners’ approval for convertible note strategy Bitcoin (BTC) at $100,000: What's Next? Dogecoin (DOGE) Failed Miserably, Cardano (ADA) Ready to Dominate? Avalanche (AVAX) Raises $250 Million as TVL Hits 2-Year High Bitcoin Grapples with $100K as Rally on Trump's Crypto-Positive Comment Fizzles Solana To New ATH Before Christmas – Analyst Expects $300 Soon