Polkadot

<p>The latest Polkadot price analysis shows that the bulls have been ruling the price charts today. The progress has been commendable, as a constant uptrend has been observed. Due to the increase in positive momentum today, the price has achieved a position of $6.02. The market meltdown that occurred earlier yesterday caused the price to drop, but the one-day and four-hour price charts show that the coin is again back on track.</p>



<h2 id="dot-usd-1-day-price-chart-upward-trend-enables-price-to-rechallenge-6-11-hurdle">DOT/USD 1-day price chart: Upward trend enables price to rechallenge $6.11 hurdle</h2>



<p>The one-day Polkadot price analysis is confirming that an uptrend has been taking place again. Because of the bullish lead, a higher price movement has been observed even today. The price is currently settling at the $6.02 level, and it is likely that it will shortly test the $6.11 level of resistance as well. The crypto pair has recovered from yesterday&#8217;s loss and has gained 4.34 percent more value over the last 24 hours. Meanwhile, the moving average (MA) value in the one-day price chart is at $5.99.</p>



<figure class="wp-block-image size-large"><img width="1200" height="503" src="https://www.cryptopolitan.com/wp-content/uploads/2023/04/sert-1200x503.png" alt="sert" class="wp-image-296273" srcset="https://www.cryptopolitan.com/wp-content/uploads/2023/04/sert-1200x503.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/sert-300x126.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/sert-768x322.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/sert-24x10.png 24w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/sert-36x15.png 36w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/sert-48x20.png 48w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/sert-150x63.png 150w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/sert.png 1351w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption>DOT/USD 1-day price chart. Source: <a href="https://www.tradingview.com/symbols/DOTUSD/" target="_blank" rel="noreferrer noopener">TradingView</a></figcaption></figure>



<p>A crossover between the SMA 50 and SMA 20 curves was recorded during this week, which was a bearish sign. The Bollinger bands indicator is dictating the following values for the day; the upper value is $7.01, while the lower value is $5.59. The Relative Strength Index (RSI) score is extremely close to the centerline of the neutral zone at index 44.</p>



<h3 id="polkadot-price-analysis-recent-developments-and-further-technical-indications">Polkadot price analysis: Recent developments and further technical indications</h3>



<p>The price is going high once again, according to the four-hour Polkadot price analysis. The price was able to cross the local resistance at $5.98 since the positive momentum has been steadily building. Because of the bullish attempts, the price is currently near the $6.02 mark. A crossover between SMA 20 and SMA 50 took place yesterday as well, which is also confirming the upturn in price.</p>



<figure class="wp-block-image size-large"><img loading="lazy" width="1200" height="501" src="https://www.cryptopolitan.com/wp-content/uploads/2023/04/dot4ygdf-1200x501.png" alt="dot4ygdf" class="wp-image-296270" srcset="https://www.cryptopolitan.com/wp-content/uploads/2023/04/dot4ygdf-1200x501.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/dot4ygdf-300x125.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/dot4ygdf-768x321.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/dot4ygdf-24x10.png 24w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/dot4ygdf-36x15.png 36w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/dot4ygdf-48x20.png 48w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/dot4ygdf-150x63.png 150w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/dot4ygdf.png 1352w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption>DOT/USD 4-hours price chart. Source: <a href="https://www.tradingview.com/symbols/DOTUSD/" target="_blank" rel="noreferrer noopener">TradingView</a></figcaption></figure>



<p>The lower Bollinger band is currently at $5.72, while the upper Bollinger band is at $6.13, indicating that volatility has been rising. When the score reached 53, the RSI curve also surpassed the neutral range&#8217;s centerline, indicating buying activity in the market.</p>



<h3 id="polkadot-price-analysis-conclusion">Polkadot price analysis conclusion</h3>



<p>The bulls are getting stronger as the price has heightened up to the $6.02 level according to the <a href="https://www.cryptopolitan.com/polkadot-price-prediction/" data-type="post" data-id="75735">Polkadot</a> price analysis. For the buyers, this is a significant victory because the price has been steadily rising. A further price increase is eagerly anticipated because the hourly forecast is also supporting the purchasers. However, a correction can also start, as the bulls have been rallying high for the past day.</p>

Polkadot price analysis: Bullish momentum intensifies as DOT enters $6 range

Tabla de contenidos

Cryptopolitan_News

Otros artículos publicados el 27 abr 2023

OKX Wallet Pioneers as First Multi-Chain Platform to Facilitate Viewing and Transfer of Bitcoin O...

NODO Grants offer a lifeline to struggling African web3 startups.

US Dollar Suffering ‘Stunning Collapse,’ Losing Reserve Status Due to Currency Weaponization: Report

FTX takes control of NFTs worth over $4M

Cardano’s Djed Stablecoin Breakthrough: Bridging the Gap with Ethereum and Transforming the Crypt...

Binance.US Backs Out From $1B Voyager Acquisition

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!