Polkastarter (POLS) and DAO Maker (DAO) Technical Analysis: Bulls Pour Back
Table of contents
Polkastarter (POLS)
The launching pad on Polkadot is one of the most actively used, relying on POLS for governance.
Past Performance of POLS
From the POLS technical analysis of the daily chart, Polkastarter token buyers are in control. Presently, prices are trending at near all-time highs, pointing to buyers' resilience and inclination to print higher highs.
Day-Ahead and What to Expect
The path of overall resistance is defined and is northwards.
Therefore, provided POLS crypto is trading above $2.3 and within the October 16 bull bar, buyers have a chance from an Effort-versus-Results point of view.
The immediate resistance and target for POLS token buyers is at $3.5 and later $4.2.
Polkastarter Technical Analysis
Technically, POLS/USDT prices are accumulating reading from the price performance on the past few days.
Aggressive Polkastarter crypto buyers may buy the dips above $2.8, targeting $3.5—the immediate liquidation level.
If buyers continue to press, the next target would be October 2021 highs at around $4.2.
However, if there are losses below $2.8 and the current consolidation, POLS coin prices may shrink to $2.5—or October 16 low.
DAO Maker (DAO)
The launching pad on Ethereum uses DAO for governance.
Past Performance of DAO
The DAO Maker price printed higher over the weekend, strongly concluding the week.
From the DAO technical analysis, buyers are in the driving seat and trading within a bullish breakout pattern.
It follows the November 6 bull bar with blasted above the middle BB.
Day-Ahead and What to Expect
From the daily chart, DAO crypto bulls are in control. It comes after a period of extended consolidation and lower lows below the dynamic resistance (now support) 20-day moving average. Every dip above $2.5 may offer entries for aggressive DAO Maker token traders angling $3.5 in the short term.
DAO Maker Technical Analysis
DAO Maker prices are solid and buyers have the upper hand.
Considering the candlestick arrangement, every low may be loading opportunities now that DAO/USDT is within a bullish breakout pattern after periods of lower lows.
From volume analysis, traders may load the dips targeting $3.5 as long as DAO prices are within the November 6 high-volume and wide-ranging bull bar.
However, losses below the middle BB and the primary support trend line in the daily chart may force liquidation back to $2.