Polkadot, Cosmos, Ontology Price Analysis: 17 October – AMBCrypto English

Bitcoin was trading at $11,344 while Bitcoin Dominance stood at 60.15. The Bitcoin Dominance has been rising slowly since early September, showing that altcoins were facing losses in the market. Polkadot, Cosmos and Ontology toiled under bearish pressure.

Polkadot [DOT]

Polkadot, Cosmos, Ontology Price Analysis: 17 October

Source: DOT/USDT on TradingView

The MACD generated a strong sell signal as it had formed a bearish crossover and moved beneath the zero line as well.

The VPVR showed that $3.9 and $3.8 were levels the asset could find support at, while $4 and $4.35 were strong levels of resistance, with the Point of Control (PoC) at $4.3.

DOT has used $3.8 as support multiple times in recent weeks, however each bounce was lower than the last. This increased the likelihood that this level of support might be exhausted in the coming days.

In other news, Bitfinex announced staking rewards for Polkadot. It was also revealed that Polkadot had plans to introduce a wrapped asset, “PolkaBTC” in early