Polkadot Price Target – Will DOT Hit The $5.5 Mark As August Ends?
Polkadot (DOT), the innovative cryptocurrency known for its interoperability-focused blockchain platform, displayed a surge in buying pressure, indicating a potential short-term bullish trend. Despite this optimism, cautious conditions still prevail for prospective buyers in the volatile crypto landscape. While DOT faced a 2.1% slump in the past 24 hours and a marginal 0.2% decline over the past week, its overall outlook remains influenced by both market dynamics and broader technological advancements. Undoubtedly, Polkadot’s performance in the crypto market has been buoyed by....
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Polkadot has been noting fall in price over the past few days. Although the coin has been laterally trading, there has been continuous dips in the price. Over the last 24 hours, DOT fell by 4.2% and in the last week the coin brought home minor gains. Broader market weakness can be attributed to most altcoins either trading sideways or moving downtrend. The coin broke below its crucial support of $14 and ever since that Polkadot has been moving south. Buying strength also automatically faded from the market as the bears took over the price action. Despite the bears strengthening, DOT....
Polkadot price has steadied itself above the $8 price mark. The coin seems to be extending the price recovery as DOT looks at moving past its next price ceiling. It also formed a bullish pattern on its daily chart. The cup and handle pattern that Polkadot has been forming for the past two months indicate that the bulls were strong in the market. The cup and handle pattern usually indicates a bullish continuation of price. Over the past week, Polkadot price surged over 24% marking strong recovery. DOT has been among the highest gainer within the top 10 cryptocurrencies based on market cap.....
Polkadot price had touched the $8 price level before the bulls lost steam and fell on the one-day chart. DOT travelled 3.6% lower in the last 24 hours on its chart. Over the past week, DOT had gained some value, but most of that was nullified at press time. The Polkadot price was making a recovery over the last two days as it had declined before that. Buyers had stepped in during the recovery period. At the time of writing, however, buyers had exited the market again. The technical outlook for the coin was bearish, with sellers taking over the market. The support zone for Polkadot price....
The price of Polkadot (DOT) shows strength after bouncing from key support on the weekly chart against Tether (USDT). After Bitcoin (BTC) bounced from its monthly low of $19,000, this signaled a relief for other crypto altcoins including the price of Polkadot. (Data feeds from Binance) Related Reading: SOL Loses $40 After The Exploit – What’s The Next Support? Price Analysis Of Polkadot On The Weekly (1W) Chart From the chart, the price of DOT saw a weekly low of around $6.50, where it has formed support. The price has built more momentum as it faces resistance at $10. A break above....
Over the last week, Polkadot shot up by 16% pushing DOT to trade at $21.15 at the time of writing. The bullish momentum helped the coin to trade above the $20 support level. Over the last 24 hours, DOT lost 2% of its market value. The coin was seen oscillating between $22.62 and $21 at press time. Polkadot had tried to breach the $22.62 resistance mark for quite some time over the past few days. The bulls were rejected each time as the aforementioned price ceiling has acted as a robust one. Although DOT flashed sideways trading, the bulls managed to keep prices above the 20-SMA line in....