2024

Wednesday

Polkadot

Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The DOT crypto is up 4.22% intraday and was at $7.72 at the time of writing.&nbsp;</a> </li> 
 <li> <span>2</span> <a>The daily chart shows a positive outlook after the short-term correction phase ended.</a> </li> 
</ul> 
<p>Polkadot price gained traction on Wednesday and lifted off nearly 4% by the afternoon session. The bulls are playing aggressive bets which may help the crypto gain more by the end of today’s session.</p> 
<p>The DOT crypto witnessed an engulfing candlestick in the last week after rebounding from the lower levels. The price closed near the highs last week indicating early signs of a bullish breakout.&nbsp;</p> 
<p>Moreover, the buyers defended the price near the previous week high in the earlier sessions of this week intending to lift the price higher. The bulls established themselves near the 50-Day EMA and the crypto registered a breakout on the upper side on Wednesday.</p> 
<p>Currently, the sellers have surrendered at the lower levels due to which the buyers have gained complete domination over the trend. The nearest hurdle for buyers on the upper side is the $7.75 level. The breakout of this level may unlock upside potential till the $10 level.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/EU_0FkR-eKXIzqOuLGp4cAPbj5VyOa_FgE-f6s3WOJkeDUTWo7He0Clc8ZAyDTEnQ8kpSr0iOFs7ZvW30jU_AxaICU54Zv6B8DQYSKsp9BjBrBYfec5j5SwSyfRYTAFTFTk4Q6dzvRdgzurdx77CqY4" alt="Polkadot Price Lifts Off 4%; Can DOT Conquer $10 Mark In February?">
 </figure>
</div> 
<h2 class="wp-block-heading" id="strong-polkadot-crypto-volume-analysis-strong"><strong>Polkadot Crypto Volume Analysis</strong></h2> 
<p>The volume analysis shows that the<a href="https://www.thecoinrepublic.com/2024/02/13/cosmos-crypto-can-atom-crypto-price-show-an-upward-rally-soon/" target="_blank" rel="noreferrer noopener"> DOT crypto</a> received a total volume of $293.93 Million in the past 24 hours which was nearly 8% higher than the previous day. The live market capitalization of DOT crypto is $9.78 Billion and stands 13th in the overall crypto market. The volume to market cap ratio is 2.97% indicating very low volatility in the crypto.</p> 
<h2 class="wp-block-heading" id="strong-polkadot-crypto-technical-analysis-strong"><strong>Polkadot Crypto Technical Analysis</strong></h2> 
<p>From a technical perspective, it was observed that DOT cryptocurrency is trading above the 20, 50 and 200-Day EMAs, suggesting a bullish outlook.&nbsp;</p> 
<p>The MACD line was placed at 0.10 points after surpassing the zero line, highlighting short-term positive sentiments. Also, the MACD line has made a bullish crossover on the signal line, suggesting the start of a new bullish wave.&nbsp;</p> 
<p>At the time of writing, the RSI line was at 63.80 points and that of the SMA line was at 51.78. Both the RSI and SMA line have made their way above the mean line indicating a positive sentiment.</p> 
<h2 class="wp-block-heading" id="strong-polkadot-price-prediction-february-2024-strong"><strong>Polkadot Price Prediction February 2024</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="472" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-243-1024x472.png" alt="Polkadot Price Lifts Off 4%; Can DOT Conquer $10 Mark In February?" class="wp-image-192937" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-243-1024x472.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-243-300x138.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-243-768x354.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-243-1536x708.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-243-750x345.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-243-1140x525.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-243.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   DOT/USD Chart by TradingView
  </figcaption>
 </figure>
</div> 
<p>The most optimistic view of analysts assumes that the price may attain a high of $10 if it breaks above the recent supply of $7.75 by the end of February 2024. However, the pessimistic view of analysts predicts that the price may slide near the recent support and 20-Day EMA at $7 level.</p> 
<h2 class="wp-block-heading" id="strong-polkadot-price-prediction-2024-strong"><strong>Polkadot Price Prediction 2024</strong></h2> 
<p>The price forecast for the year 2024 is that the DOT token price could reach a high of $13.94, suggesting a potential gain of nearly 81.29%. On the other hand, the bearish outlook of the analysts predicts that the price could reach $10.93 by the end of the year.</p> 
<p><strong>Polkadot Price Prediction 2025</strong></p> 
<p>By the year 2025, the Polkadot price may attain $19.13 on the upper end. On the flip side, the minimum price up to which the crypto price may rise by the year 2025 is $13.40.</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Polkadot Price Lifts Off 4%; Can DOT Conquer $10 Mark In February?

Obsah

Thecoinrepublic.com

Ďalšie články zverejnené 14. 2. 2024

As Mantra (OM) Pumps 85% in 7 Days Investors Join Option2Trade (O2T) $888k Giveaway

CoinMarketCap Releases Analysis on APENFT's Pioneering Efforts to Register Real-Word Masterpieces...

Policy and the Bitcoin Halving 2024: Could Regulation Make or Break the Next Cycle?

Why is The Crypto Market Down Today? Bitcoin & Altcoins Erase Recent Gains

New Era for LINK with USDC-Margined Perpetual Futures on Binance

Bitcoin: -2% after the US inflation report

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!