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POLKADOT PRICE ANALYSIS & PREDICTION (April 4) – DOT Locates Support at $3.8 After a Week Drop, Will it Hold?

The past week has been painful for DOT as it took another downturn after witnessing a short recovery. It resumed drops and recorded a total loss of 13% in a week, although it is looking calm at the moment. DOT’s performance has been poor over the past months due to a bearish crossover into the new year. Luckily, it found a solid ground in March and recovered, but the bears countered the move in the late month and pulled the price lower. That led to a bearish start this month and the price declined, although the current low is still standing well. It recently found a layby and currently sits above $3.8. This price level may hold as support if the bulls defend well. Otherwise, we may see an extension in the existing bearish trend. Looking at the overall market structure on the micro-level, it appears to have reached an extremely oversold condition after losing over half of its value in over 90 days. As we can see, supply currently looks low due to an exhaustion in the selling. A resurge from the current trading level could trigger a fresh increase in the market. That may lure the bulls back in the market. But as it stands now, the bears still appear in charge despite showing weakness. If they mount pressure to resume selling, they must retake the recent low before considering a continuation. For now, they appear stuck in the next move. DOT’s Key Levels To Watch Source: Tradingview Advancing bearish, the $3.65 level is marked as key breakdown support. If that happens, the lower levels to watch for a dip would be $3.2 and $3. There’s no enough pressure from the bulls’ side as they try to step back. If they manage to push higher, they may reclaim this week’s $4.2 high with a potential surge to $4.7. A further push there could allow buying to reach $5.3 and maybe $6 in the future. Key Resistance Levels: $4.7, $5.3, $6 Key Support Levels: $3.65, $3.2, $3 Spot Price: $3.98 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! CoinOtag

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TRON PRICE ANALYSIS & PREDICTION (April 4) – TRX Remains Trap, Continues Struggling to Break Out of a Range

Up until now, TRX has yet to find a major break as it continues to trade sideways on the daily scale. However, its short-term outlook remains weak, but there’s hope for an increase if it resumes long-term bullishness. TRX’s bullish trajectory remains intact in the long term, but the demand appears extremely low on the daily chart as the price remains captured in a range. While struggling with volatility every week, it may continue to move sideways until the price breaks out of the range. However, it has seen a slight reduction in the past week as the entire crypto market takes a downturn, but the $0.21 level holds well this time and is now slowly climbing back while still trapped in a tight range. A continuous hold above this level could trigger buying if the demand level increases. Now, there’s lack of interest on the weekly scale. The long consolidation phase reflects a moment of liquidity gathering while the next direction of the market is yet to be ascertained. But considering its bullish trajectory from a long-term scale, the asset may resume buying anytime soon. Meanwhile, the bears still look more dominant on the short-term scale following the sudden late 2024 drop that led to a serious decline since the start of the year. If they take charge again, TRX may break below the holding yearly $0.2 low to a new one. It is currently trapped, finding it difficult to get out of the wood. TRX’s Key Level to Watch Source: Tradingview The main obstacle for the bulls lies at the $0.25 level. A break through there could bring buying pressure back to $0.275, along with the $0.31 resistance level. For the bears, the $0.211 and $ 0.186 levels are the barrier zone to keep an eye on. A breakdown there could cause some havoc with a potential dip to $0.165. Key Resistance Levels: $0.25, $0.275, $0.31 Key Support Levels: $0.211, $0.186, $0.165 Spot Price: $0.23 Trend: Neutral-Bearish Volatility: Moderate Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! CoinOtag