- The worth of Polkadot (DOT) has elevated during the last 24 hours.
- The worth of DOT is round $8.26, which is 4.34% greater than it was yesterday.
- DOT’s value is at a key resistance stage.
Based on the crypto market tracker, CoinMarketCap, the worth of Polkadot (DOT) has elevated during the last 24 hours.
On the time of writing, the worth of DOT is round $8.26, which is 4.34% greater than it was yesterday. The 24-hour value motion has additionally added to DOT’s bounce in value during the last seven days because the coin now finds its value up by simply over 20%.
Ranked quantity 11 on CoinMarketCap’s listing of the largest crypto tasks by market cap, the present market cap of DOT is estimated to be $8.17 billion. This ranks it above Dai (DAI), with a market cap of $6.80 billion, and beneath Dogecoin (DOGE), with a market cap of $9.01 billion.
DOT’s 24-hour buying and selling quantity stands at about $436,656,288, which is down by 4.13% during the last day.
The worth of DOT is approaching a key resistance stage on the 4-hour chart at round $8.29 and has shaped an ascending parallel value channel on the 4-hour chart.
There may be additionally a bullish flag with the 9 and 20 EMA strains because the 9 EMA line is positioned above the 20 EMA line. Along with this bullish flag, there may be additionally the RSI positioned above the RSI SMA line – one other bullish flag.
Nonetheless, traders and merchants have to be cautious because the RSI is nearer to overbought territory than oversold territory, and the RSI is sloped negatively. The resistance stage might fend off any tried value motion above it as nicely, which can see the worth of DOT dip.
Disclaimer: The views and opinions expressed on this article are solely the creator’s and don’t essentially replicate the views of CQ. No data on this article ought to be interpreted as funding recommendation. CQ encourages all customers to do their very own analysis earlier than investing in cryptocurrencies.
