Bitcoin

Polkadot

Resistance

Coin

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 <ul class="news-points"> 
 <li>DOT recovered its buying momentum after the RSI initially fell to 44.30.</li> 
 <li>Bears were becoming weak as DOT’s AO continually decreased.</li> 
 <li>The MACD crossed from below zero, and increased demand could help it override $5.28.</li> 
 </ul> 
 <a href="https://coinedition.com/polkadot-dot-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Polkadot (DOT)</a>, after surging to a 30-day on July 3, retraced and has been unable to beat the $5.28 resistance. Also, the release of the U.S. Consumer Price Inflation (CPI) data has not done any good to change the DOT trend. 
 This was because the broader crypto market reaction, led by <a href="https://coinedition.com/crypto-analyst-believes-indicators-have-aligned-for-bitcoin-rally/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>, was almost negligible. Regardless, DOT fell to an intraday low of $5.13. 
 <h2 class="wp-block-heading" id="h-resurging-price-strength"><a></a>Resurging Price Strength</h2> 
 According to the four-hour chart, DOT first faced the $5.28 resistance on July 6. But after a subsequent consolidation period, the market structure became bullish at $5.02 on July 10. The demand created at this point led the Relative Strength Index (RSI) to reach $62.07. 
 However, DOT could not go beyond this peak as selling pressure appeared. As a result, the token price slipped as the RSI also fell to 44.30. 
 As of this writing, the RSI was back up at 51.09. This showed that bulls had re-entered the market. But for DOT to approach another hi… 
 The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/can-polkadot-dot-break-the-5-28-resistance-soon/">Can Polkadot (DOT) Break the $5.28 Resistance Soon?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.
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Can Polkadot (DOT) Break the $5.28 Resistance Soon?

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