Polkadot showed a bearish divergence in a shorter timeframe and saw a minor dip toward $38. Ontology appeared poised for a strong move upward once more while Bitcoin SV saw a level of support flipped to resistance at $240.
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Source: DOT/USDT on TradingView
On the 1-hour timeframe, a bearish divergence between price and momentum was seen, and subsequently, DOT faced a correction. This dip was halted at $38.19, and the coin could see further gains again.
The RSI did not move beneath the neutral 50 line to indicate that the upward momentum still held even in the shorter-term time frame. The OBV dipped during the past couple of days but the long-term trend for the OBV is still in favor of the buyers.
Beneath the $38 level, DOT can expect to find support at $34. However, such a drop is unlikely to occur over the next few days.
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Source: ONT/USDT on TradingView
ONT formed a bull flag pattern, with the