Bitcoin

Polkadot

Momentum

<a href="https://bitcoinworld.co.in/polkadot-price-analysis-dot-unable-to-gain-momentum/" title="Polkadot Price Analysis: DOT Unable To Gain Momentum" rel="nofollow"></a>
Polkadot (DOT) price has not followed in Bitcoin (BTC) and the altcoin market’s recent recovery, struggling to stray above its crucial $6 mark. DOT currently trades at $5.70.&nbsp; 
While the crypto market at large seems to have recovered from recent downturns, DOT has not been able to capitalize on the gains. Investors appear to have lost interest, with DOT unable to gain enough ground to surpass the $6 level.&nbsp; 
<h3 id="span-style-font-weight-400-market-interest-declines-span">Market Interest Declines</h3> 
Polkadot (DOT) has lost significant ground over the past week and is down over 7% in the seven-day charts.&nbsp; 
<figure id="attachment_78094" aria-describedby="caption-attachment-78094" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-78094" src="http://bitcoinworld.co.in/wp-content/uploads/DOT-Price-Chart-8-483x300.png" alt="" width="644" height="400" srcset="https://bitcoinworld.co.in/wp-content/uploads/DOT-Price-Chart-8-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/DOT-Price-Chart-8.png 760w" sizes="(max-width: 644px) 100vw, 644px">
 <figcaption id="caption-attachment-78094" class="wp-caption-text">
 DOT Price Chart | Source: CoinStats
 </figcaption>
</figure> 
&nbsp; 
Market interest appears to have declined, and concerns have been raised over DOT’s <a href="https://coinstats.app/coins/polkadot/">price</a> while it continues to trade below $6. Despite settling the previous week at a moderate $6.44 in the face of significant selling pressure, DOT could not maintain this trend. 
<h3 id="span-style-font-weight-400-a-week-in-polkadot-dot-span">A Week In Polkadot (DOT)</h3> 
On Monday, DOT registered a significant drop, declining by 5.28% to end the session at $6.10. Pressure from sellers pushed DOT down further on Tuesday, with its price eventually slipping below the $6 level.&nbsp; 
The bearish trend maintained throughout Wednesday, with DOT dropping by 2.87% to $5.75.&nbsp; 
Thursday saw broader market downturns, with DOT eventually slipping to $5.50. A dramatic change of events saw DOT recover, eventually ending the session in the green.&nbsp; 
Friday’s session saw DOT gain some ground to close the session at $5.84. Saturday did not see a significant change in sentiment, with DOT eventually settling at $5.87, a marginal increase from the previous day.&nbsp; 
Today’s session shows that DOT continues its downward trend. DOT currently trades at $5.72.&nbsp;&nbsp; 
Polkadot is down almost 9% over the 30-day chart. 
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Polkadot Price Analysis: DOT Unable To Gain Momentum

Table of Contents

ItsBitcoinWorld

Alte articole publicate pe 29 iul. 2024

BitcoinCash Weekly News July 29th 2024 by the Bitcoin Cash Foundation

Bitcoin Price Approaches a Breakout

Chainlink Proof of Reserve Now Backs 21Shares Core Ethereum ETF

Here’s What’s Next For Dogecoin (DOGE), Shiba Inu (SHIB) & Pepe (PEPE) Prices

Compound Finance Faces Scrutiny After Controversial Proposal 289 Passes

‘ETH is slow after Ethereum ETF’ – What happens now?

Join our free newsletter for daily crypto updates!