21 shares looking

During the US trading session on Friday, the Crypto market witnessed a slight decline as Bitcoin disturbed another collapse less than $ 100,000. While renewing the suspended pressure pressure for most of the main altcoins, the price of the Polkadot shows flexibility as the last S-1 deposit of Polkadot Trust has strengthened market morale. By the time of the press, the point is trading at $ 6.387, with a profit during the day 1.06 %
The most prominent major events:
- On January 31, 21 Shares presented a S-1 registration file to the United States to launch Polkadot Trust
- The rectangle pattern is paid in the range of $ 11.6 and $ 3.6, the current monotheism at the price of Polkadot.
- Trading currency of the point less than the average of 100 and 200 days indicates the morale of the descending market.
21 Shares seeks to obtain the SEC approval on Polkadot Trust
On January 31, on Friday, 21 Shares was officially presented Registration file S-1 To the US Securities and Stock Exchange Committee (SEC) to launch Polkadot Trust.
The deposit determines plans for shared shares of confidence that will be included on the CBOE BZX, which may provide traditional investors a wider exposure to the broader Polkadot (DOT) through organized financial markets. If approved, Polkadot Trust may gain investors “trust and renovate demand pressure on the original cryptocurrency, DOT.
Polkadot price faces decisive support test before recovery
In the past two months, the price of Polkadot has seen an aggressive decrease from $ 11.65 to $ 6.3, which represents a 45.7 % loss. The correction of the currency has decreased to the maximum market to less than $ 10 billion while continuing the long accumulation since May 2022.
The weekly plan analysis shows that Altcoin was resonating at two horizontal levels of $ 11.6 and $ 3.66. If market sale persists, sellers can lead a 42 % decrease to re -test lower support.
Historically, every re -test to $ 3.6 had led to a mobilization of more than 200 %, which represents as a decisive accumulation area for investors.

However, for investors spending on risk, an upcoming $ 11.6 resistance is needed to indicate the reflection of the direction.
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