Polkadot

Million

Resistance

Billion

Rise

<ul class="list-ic vertical">
 <li><span>1</span> <a>Whales have been consistently increasing their portfolio with DOT.</a></li>
 <li><span>2</span> <a>Volume and market cap continue to rise, indicating increased demand.</a></li>
</ul>
<p>The Polkadot crypto OI data exhibits the total number of open contracts which saw a persistent surge in the number of OI contracts in the recent sessions. During the past session, open contracts advanced enormously from 140 Million to 260 Million. However, there has been a short-term OI decline up to 230 Million and its most recent sessions currently stand at 256.72 Million. This highlights the DOT asset’s potential for a greater rise in future sessions.</p>
<p>In the same way, the chart demonstrates the activity of whales in the Polkadot crypto alongside the price movement in the same period. Whales have been consistently increasing their portfolio with DOT since January’s end. The Polkadot price has been showing more whale buying, and the price is showing its correspondence on the chart as well.</p> <iframe loading="lazy" title="Santiment Chart: Percent of Stablecoin Total Supply held by Whales with more than 5 million USD, Total Open Interest in USD (DOT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=polkadot-new&amp;pt=DOT&amp;df=2023-11-15T00%3A00%3A00.000Z&amp;dt=2024-03-14T18%3A29%3A59.590Z&amp;emcg=1&amp;emhwm=1&amp;wm=percent_of_whale_stablecoin_total_supply%3Btotal_open_interest&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B" scrolling="no"></iframe>
<p>The DOT chart shows the relationship between the Polkadot crypto’s volume and market cap. Looking at the chart, it is observed that both asset volume and market cap were low in January last week. That meant a lack of interest and activity in the market for the Polkadot asset at that duration. Volume was mostly under $3.5 Billion and market cap was around $40 Billion.&nbsp;</p>
<p>However, in the first week of February, volume and market cap continued to rise, indicating increased demand and excitement about DOT crypto price. The trading volume exceeded $4.5 Billion and the market cap rose drastically from $35 Billion to $76 Billion.&nbsp;</p>
<p>Moreover, the higher market capitalization provides better liquidity as it assists in better investing and buying or selling of DOT assets more quickly and easily</p>
<p>The movement in trading volume mirrors the market cap, making it comfortable to buy or sell without affecting the Polkadot price. Additionally, the social volume has been on the rise in recent sessions with the rise in Polkadot price. The rise in the social volume also indicates the rising awareness of DOT crypto among users and a continuation of the ongoing short-term trend.</p> <iframe loading="lazy" title="Santiment Chart: Volume (DOT), Marketcap (DOT), Social Volume (DOT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=polkadot-new&amp;pt=DOT&amp;df=2023-11-15T00%3A00%3A00.000Z&amp;dt=2024-03-14T18%3A29%3A59.590Z&amp;emcg=1&amp;emhwm=1&amp;wm=volume_usd%3Bmarketcap_usd%3Bsocial_volume_total&amp;wax=0%3B1%3B2&amp;wc=%231b2f87%3B%23FF5B5B%3B%2368DBF4&amp;ws=%3B%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-dot-crypto-price-evaluation-over-daily-time-frame-strong"><strong>DOT Crypto Price Evaluation Over Daily Time Frame</strong></h2>
<p>The <a href="https://www.thecoinrepublic.com/2024/02/21/polkadot-crypto-price-prediction-will-dot-crypto-break-dynamic-support/" target="_blank" rel="noopener noreferrer nofollow">DOT crypto</a> has experienced a price surge of 1.62% in the last 24 hours, and on the daily chart currently trading at $11.56. The Polkadot crypto is bullish on the daily chart and appears ready to smash the resistance level and soar to new heights from the current support zone.</p>
<p>Therefore, if the demand for the DOT remains high, the asset price could bounce back from the current level. The next goal for the Polkadot price is to reach $14.00.</p>
<p>The Polkadot crypto asset is displaying bullish characteristics and can extend its gains. It has shown good performance in the past week, and one month by 12.17%, and 61.03% respectively, indicating a consistent upward trend.&nbsp;</p>
<p>The DOT crypto asset is exhibiting bullish strength and rising capacity as it holds above major EMAs. However, if the Polkadot crypto price fails to stay above the $9.500 level, it could decline further.</p> 
<p><a href="https://in.tradingview.com/chart/DOTUSD/usvsbDyb-The-Polkadot-crypto-is-poised-for-a-spectacular-rally/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The Polkadot crypto OI data exhibits the Total number of open contracts which saw a persistent surge in the number of OI contracts in recent sessions.</p>
<p>In the same way, whales have been consistently increasing their portfolio with DOT since January’s end. The Polkadot price has been showing more whale buying, and the price is showing its correspondence on the chart as well.</p>
<p>Moreover, the higher market capitalization provides better liquidity as it assists in better investing and buying or selling of DOT assets more quickly and easily</p>
<p>Additionally, the rise in the social volume also indicates the rising awareness of DOT crypto among users and a continuation of the ongoing short-term trend.</p>
<p>Therefore, if the demand for the DOT remains high, the asset price could bounce back from the current level. The next goal for the Polkadot price is to reach $14.00.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $9.50</p>
<p><strong>Resistance Levels</strong>: $14.0</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

DOT Crypto Shows Rise In Whale Activity, Price To Shoot Up Soon?

目录

Thecoinrepublic.com

发布于 2024年3月14日的其他文章

Solana’s Striking Price Jump Captures Global Crypto Interest

El Salvador To Reduce Income Tax For Foreign Investments And Remittances

US Treasury Suspects $165M Involved in Crypto Transactions

Arbitrum to reduce gas fees amid Dencun update

Peng Price Prediction – Could It Be the Next Big Meme Coin After Reaching Its All-Time High?

GameStop, WallStreetBets and now RDDT Coin: Discover the Potential of $RDDT Meme Fan Token inspir...

订阅我们免费的电子期刊，获取每日最新加密领域动态！