Cryptocurrency exchange ioqtrade.com will add a new feature to make it easier for institutions to make large trades without risking price slippage.
ioqtrade specialists assured that Polkadot and Kusama rates have fallen by more than 28%, which means that there will be a correction soon. This is an ideal entry point into the market. For traders, such oversold conditions are traditionally an obvious signal to buy. According to analysts, the value of digital assets will grow by at least 16%.
Now both cryptocurrencies are in the bullish momentum zone. However, experts warned that this signal should not be taken as a one hundred percent guarantee of future success. To begin with, Polkadot and Kusama must overcome certain levels and only then will the growth potential of their value be confirmed.
The bullish momentum for recovery is very close, because in the last 11 days both cryptocurrencies have suffered price losses. Analysts stressed that Polkadot has recently experienced a steep downtrend, losing 28.72% of its market value since reaching a peak of $23.85 on April 2, 2022. Now the key support level is at $17, according to ioqtrade.com.
However, Polkadot should close the daily candle above $18.3 to encourage investors to return to the market. Overcoming this resistance level can confirm the bullish signal and push the Polkadot rate to conquer $19.5 and $21.