NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Polkadot Can Reach $8 If It Clears This Overhead Bearish Block

anushsamal
anushsamal
1 year ago
3 mins read
Polkadot

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Polkadot has displayed significant recovery in the past week, with a 10% increase in its price. On the daily chart, the altcoin noted a 4% increase. During this time, DOT was consolidating between $5.40 and $6.40, but once it breached the $6.40 mark, its price started to move north.

Currently, Polkadot is hovering just below the psychological barrier of $7. If it manages to move above this level, it will face another crucial resistance mark, which, if surpassed, can potentially lead to a rally in its price.

Related Reading

Bitcoin Whale

Bitcoin Bearish Signal: Exchange Whale Ratio Spikes

1 year ago

The technical outlook for Polkadot is bullish, indicating that the altcoin has the potential to move higher. Additionally, there has been a recovery in demand over the past few days, and accumulation has been high, which is a positive sign for the altcoin’s price. The market capitalization of DOT has also increased, which indicates that there is a higher demand for the altcoin.

However, bullish sentiment for DOT is largely dependent on the broader market strength and Bitcoin’s movement above $30,000. Bitcoin’s movement can have a positive impact on the altcoin market, which can lead to an increase in the DOT price.

Polkadot Price Analysis: One-Day Chart

Polkadot
Polkadot was priced at $6.90 on the one-day chart | Source: DOTUSD on TradingView

At the time of writing, DOT was trading at $6.90, having taken a bullish turn after breaking past the $6.60 mark. The next overhead resistance is at $7, followed by a crucial resistance at $7.60, which marks a bearish order block characterized by an influx of sellers.

On the downside, support for the altcoin stands at $6.50. A further decline can bring the price to $6.30. The trading volume of Polkadot in the last session was green, indicating positive demand for the altcoin. However, breaching the resistance levels will be crucial for DOT to continue its bullish run.

Technical Analysis

Polkadot
Polkadot noted a sharp increase in buyers on the one-day chart | Source: DOTUSD on TradingView

The altcoin witnessed a notable increase in buying strength, with a sharp u-turn in demand. At the time of writing, the Relative Strength Index was above 60, indicating that buyers had overtaken sellers.

This was further supported by the price of the asset moving above the 20-Simple Moving Average line, suggesting that buyers were driving the price momentum in the market. This indicated that investors were bullish on the altcoin, and it may continue to rise in the near future.

Polkadot
Polkadot displayed buy signals on the one-day chart | Source: DOTUSD on TradingView
DOT was displaying bullish buy signals at the time of writing, in line with other positive technical indicators. The Moving Average Convergence Divergence (MACD) indicated the price momentum and potential trend reversal, with green histograms that were increasing in size.

Related Reading

Avalanche

20% Rally Possible For Avalanche If It Surpasses This Key Resistance Level

1 year ago
These histograms were tied to buy signals for the altcoin. Similarly, the Awesome Oscillator was also pointing towards the same bullish reading. It formed green signal bars which indicated positive price action. These indicators, taken together, suggest a favorable outlook for DOT in the near future.
Featured Image From UnSplash, Charts From TradingView.com
Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Solana

Solana (SOL) Set For Price Run To $2,700 — But This Condition Must Hold

Solana (SOL) has registered a 0.58% loss in the past day, representing a slight price retracement from its strong weekly...

Semilore Faleti 9 hours ago
Bitcoin

Who Flipped The Switch? Bitcoin STHs Accumulate While LTHs Take Profit

Over the last month, Bitcoin ranged within the $100,000 — $110,000 price region until its recent breakout to reach a...

Opeyemi Sule 10 hours ago
Bitcoin price

Bitcoin Price Could Soar To $146K In The Next Leg Up — Analyst Explains How

After going on an impressive run to close the week, the Bitcoin price has become relatively steady over this weekend....

Opeyemi Sule 11 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Stalls After Rally: Will It Blast Through $125,000 Or Slip Back To $110K?

Scott Matherson 1 hour ago
Bitcoin

Kiyosaki Awaits The Next Bitcoin Sale: ‘My Fellow Pigs And I Are Feasting’

Christian Encila 3 hours ago
Ethereum

Ethereum Breaks Critical $2,800 Level — Can Bulls Hold For Major Rally?

Semilore Faleti 6 hours ago

Premium Sponsors

Press Releases

  • アルトコイン急騰の今買うべき仮想通貨プレセール

    ...

    5 hours ago
  • 仮想通貨おすすめ|強気市場で爆発的成長が見込まれる注目のミームトークン

    ...

    5 hours ago
  • BTC最高値更新の中で注目される新たなレイヤー2プロジェクトが狙う仮想通貨1000倍の可能性

    ...

    5 hours ago
  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    1 day ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.