Polkadot Price Analysis: DOT starts to reverse, more downside next week?

TL;DR Breakdown Polkadot price analysis is bearish for next week.DOT/USD retraced to $32 overnight.DOT has lost its momentum this week. Polkadot price analysis is bearish for today as the market retraced over the last 24 hours after setting a slightly higher high yesterday. Therefore, we expect DOT/USD to continue lower today and retrace more of the gains seen this week. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with mixed results over the last 24 hours. The market leaders, Bitcoin and Ethereum, are up by 0.33 and 0.57 percent, while the rest of the top altcoins are down. Polkadot (DOT) is among the worst performers, with a loss of 2.99 percent. Polkadot price movement in the last 24 hours: Polkadot retraces from $34 swing high DOT/USD traded in a range of $32.04 – $33.41, indicating a good amount of volatility over the last 24 hours. Trading volume has decreased by 22.93 percent and totals $1.37 billion, while the total market capitalization trades around $32.2 billion, ranking the coin in 9th place overall. DOT/USD 4-hour chart: DOT set for further retracement? On the 4-hour chart, we can see Polkadot price momentum slowing down over the past days after a strong rally earlier this week. DOT/USD 4-hour chart. Source: TradingView Polkadot price has seen a strong advance over this week. After a higher low was set around $23.5 on the 26th of August, DOT/USD saw another push higher this ...