Home Cryptocurrency Polkadot price analysis: DOT prepares to breakthrough to $26

Polkadot price analysis: DOT prepares to breakthrough to $26

by Serge Shlykov

Everything has its price, and money is no different. But there’s more to it than just its value in its most basic form. People want to know more about it, to be part of it, and to achieve greater success from it. PolkaDot is all about bringing the future into the present, and this is why the price of DOT is so high. Just as people’s expectations are high when it comes to the future, so is the price of DOT. If it continues its progress this year, the price of DOT will surpass $26.

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It has been a roller coaster ride since we started following the Polkadot ICO and I am sure some of you have lost lots of money on it. While the price has been fluctuating, one thing has been constant: the announcement of the Open Market.

The Polkadot project is a new, highly anticipated project under development. The cryptocurrency’s mission is to provide an interoperable blockchain platform that allows people to build and run their own decentralised applications. To fund the project, they are preparing to launch their mainnet on the Ethereum network.. Read more about bitcoin price and let us know what you think.

  • Polkadot’s price is expected to rise to $26.
  • The closest support is at $24
  • Polka dot meets resistance at $25.

The price of Polkadot broke through the $22 mark and strong upward momentum allowed the price to reach the $25 mark. The DOT has posted gains of more than 17% over the past seven days, indicating continued bullish momentum. However, the strong upward movement is giving way to volatile price movements. The broad crypto-currency market has been bullish over the past 24 hours, with most major crypto-currencies posting gains during this period. The main players were Cardano and BNB, which gained 2.90% and 1.42% respectively. Meanwhile, Bitcoin and Ethereum are up 1.36% and 3.92% respectively.

Technical data for DOT/USDT

As for the technical indicators, the MACD shows bearish momentum. Although the histogram is still red at the time of writing, its magnitude has decreased significantly as the indicator has steadily risen to 0.006. Although the 12-EMA is still below the 26-EMA, there is little difference between the two and they could show a reversal at any time. The RSI is currently in a neutral zone just above the 52.00 level and is not giving any signals. The indicator has been trading in the neutral zone for the past four days. The RSI has now made a jump into overbought territory, indicating an increasing bullish presence at current price levels. The Bollinger Bands are currently narrow, but since the last candle is green, the bands will widen in the near future. As the bulls take over the market dynamics, this will lead to greater volatility in the Polkadot price in the short term. In addition, the bands will tilt upwards in the coming candles as price consolidates closer to the band’s midline. Overall, the technical analysis on the 4-hour chart gives a buy signal. 11 of the 26 major technical indicators point to an upward movement. On the other hand, only six indicators are giving sell signals, indicating a bearish pullback. Meanwhile, 9 indicators remain on the sidelines, offering support to neither side of the market. The technical analysis on a 24-hour basis confirms this assessment and also gives a buy signal. 9 of the 26 indicators point to an upward move, and only 7 indicators point to a downward pullback. Meanwhile, ten indicators remain neutral and give no signal at the time of writing.

What can we expect from the Polkadot award?

4-hour trading view chart Traders should expect the Polkadot price to break out of the $24-$26 range, as short-term indicators point to a mild bullish rally. Moreover, bullish momentum will weaken when the 24-hour indicator shows a stronger bearish presence, which is a strong sell signal. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.The Polkadot token sale ended in a dramatic fashion, with a big sell-off at the end: the DOT token price hit an all-time low, and ended up only 2% from its starting price of $0.24.. Read more about fake cryptocurrency and let us know what you think.

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