Polkadot / Dollar intraday: target 3.12

Our pivot point is at 3.33.

Our preference: target 3.12.

Alternative scenario: the upside breakout of 3.33, would call for 3.41 and 3.46.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (3.28) but above its 50 period moving average (3.24).

Supports and resistances:

3.46 **

3.41 *

3.33 **

3.30

3.27 last

3.16

3.12 **