![]() The digital asset has regained its footing above the 7.50 level and is looking to test resistance at the $6.86 and $7.59 levels soon. Overall, Polkadot price analysis paints a bullish picture. What to expect from Polkadot price analysis If the buyers remain in charge, DOT may soon test resistance at $6.86 and $7.59. The 20-day EMA is trending below the green candlestick, indicating the bulls are in market control. The MACD indicator also shows bullish momentum as it forms higher highs in the positive zone of the histogram. The RSI is currently at 66.94 and is rising, a sign that the bulls have the lead in the market. The buyers must maintain their lead to push above the $7.59 resistance level. A break beyond this level will determine the price trend in the upcoming hours. The price has been trading in a tight range of $6.86 to $7.59. Looking at the hourly chart, Polkadot price analysis shows that the bulls have gained control of the market. Polkadot price analysis 4-hour chart: Bulls dominate DOT market more upside to follow? The MACD indicator is in the bullish zone and is increasing, confirming the strong buying pressure as a green bar has been observed forming on the histogram. The nearest resistance levels are 7.50 and 7.64. The buyers could push the price to new highs if they maintain their momentum. The Relative Strength Index (RSI) is currently at 66.84 and is rising, a signal that the bulls have the upper hand. The price trades above the 20-day Moving Average (MA) and the 50-day MA, suggesting the market sentiment is bullish. DOT forms higher and lower highs, indicating that the bulls may control the market. The daily chart for Polkadot price analysis shows that the digital asset is forming an uptrend following strong bullish pressure. Polkadot price analysis 1-day chart: DOT forms an uptrend following the bullish pressure The buyers have the upper hand in the market and will likely push the price higher in the coming days. Over the past 24 hours, the trading volume has increased by 143 percent, from $163 billion to $234 billion, indicating that the bulls are in full control of the market. However, it has since climbed above the 7.50 level to reach a high of 7.62, increasing by 7.94 percent in the last 24 hours.Īn increase in trading volume further strengthens the bullish momentum. DOT had dropped to a low of $6.86 in December and continued to trade at the same levels as bears dominated the market. The Polkadot price analysis on December 21 shows that the bulls resist the downtrend. The rise in daily trading volume fueled the rally, with DOT breaking out of the descending channel.Polkadot has gained over 7.94 percent in the past 24 hours.Polkadot price analysis shows strong bullish market sentiment.Polkadot price analysis: DOT recovers above 7.50 as bulls resist the downtrend It has a circulating supply of 1,258,473,261 DOT coins and the max. The current CoinMarketCap ranking is #11, with a live market cap of $9,387,791,142. Polkadot is up 7.94% in the last 24 hours. Today’s live Polkadot price is $7.62 with a 24-hour trading volume of $485,048,450. Polkadot’s price needs to rise 918.15% to reach a new all-time high.īut is DOT a good investment? Polkadot is still considered a relatively new cryptocurrency that is still under development and has a huge potential for growth in the future. The Polkadot (DOT) price is trading inside a short-term bullish pattern but has yet to show any bullish reversal signs. The crypto community needs to show its humanitarian side during these trying times. So, you see, it’s a win-win gesture by Gavin Wood. Moving forward, crypto analysts are convinced that the coin will sustain this uptrend and possibly break above $100 in the next few years. federal securities laws to the offer & sale, marketing & delivery to initial purchasers & treatment of retail purchasers in line with public companies.Įven though most cryptocurrencies are trading at a dip, the DOT token still manages an overall ROI of 866.84%+. Web3 Foundation met regularly with the SEC and attempted to break new ground and comply with U.S. Will this affect our Polkadot Price Prediction? Gavin Wood, the founder of Polkadot, the blockchain interoperability platform, has come under fire for putting a condition on a possible $5M donation to help the Ukrainian govt with the crisis caused by the Russian invasion. Some respondents felt this was less of a humanitarian gesture and more of a marketing punt. Polkadot Price Prediction 2032 – up to $213.57.Polkadot Price Prediction 2029 – up to $75.51.Polkadot Price Prediction 2026 – up to $23.18.Polkadot Price Prediction 2023 – up to $7.02.
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