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: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • 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: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Polkadot On A Bullish Run, Is This Price Level The New Target?

anushsamal
anushsamal
2 years ago
2 mins read
Polkadot Price

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 price has registered a bullish revival on their 24-hour chart. Over the past day, DOT logged double-digit gains. In the past week, the altcoin has lost close to 3% of its market value.

The major market movers have turned optimistic today, and most altcoins have followed suit.

The technical indicator of Polkadot has registered bullish signals on the one-day chart.

The demand for the altcoin has increased, which has made the coin register more buyers on the chart.

The coin has to continue cruising up to move past the immediate resistance level.

The move past the immediate resistance mark will ensure that the bulls have complete control over the market. Breaking past the $6.87 will confirm the bullish revival further.

The coin can still fall in value if the buying strength starts to fade over the next trading sessions. The global cryptocurrency market cap today is $979 billion, with a 1.1% positive change in the last 24 hours.

Polkadot Price Analysis: One-Day Chart

Polkadot Price
Polkadot was priced at $6.40 on the one-day chart | Source: DOTUSD on TradingView

DOT was trading at $6.40 at the time of writing. The coin has been consolidating for almost two months now. It finally managed to secure some gains over the last 24 hours.

Immediate resistance for the coin stood at $6.80 and the other tough resistance point was at $7.20. A move above the $7.20 mark will help the coin revisit the $8 price level too.

The support line for Polkadot price stood at $6.21. A slight loss in the market price will push the price of the altcoin to that level.

Falling from the $6.21 mark could bring the Polkadot price to $5.71. The amount of Polkadot traded in the last trading session increased, which meant that buyers returned to the market.

Technical Analysis

Polkadot Price
Polkadot displayed an increase in buying strength on the one-day chart | Source: DOTUSD on TradingView

For most of this month, Polkadot has consistently been in control of the sellers. Technical indicators finally point towards the buyers’ being in control of the market.

The Relative Strength Index shot past the half-line as a sign of steep recovery. This indicated that sellers were fewer in numbers as compared to buyers.

Polkadot price was above the 20-SMA line, and that signified increased demand. It also meant that buyers were driving the price momentum in the market.

Related Reading: Is This Product Likely to Bring Cardano Back to $1? Charles Hoskinson Speaks Out
Polkadot Price
Polkadot depicted buy signal on the one-day chart | Source: DOTUSD on TradingView

The other technical indicators have also displayed that the demand brought back buyers into the market. The Moving Average Convergence Divergence indicates the overall price action and the price momentum of the altcoin.

MACD underwent a bullish crossover and displayed green histograms which were the buy signal. Parabolic SAR also determines the price direction of the altcoin.

The dotted lines were visible below the price candlestick which was an indication that the coin was bullish on the one-day chart.

Related Reading: Binance USD Supply Increases Amid Heated Stablecoin Wars
Featured Image From TechStory, Charts From TradingView
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

hedera hbar

Hedera Bears Take Charge With 10% Weekly Drop, But Key Support Could Spark Recovery

Hedera Hashgraph’s native token, HBAR, has been under intense selling pressure, recording a 12% decline in the past 30 days...

James Halver 2 hours ago

20 Million New SUI Tokens Push Treasury To New High – Details

SUI Group Holdings moved again in the market, adding 20 million SUI to its holdings and lifting its total to...

Christian Encila 3 hours ago
Dogecoin

Dogecoin Signal That Nailed The Top Says It’s Time To Buy

An analyst has pointed out how Dogecoin has just seen a short-term buy signal on the same indicator that captured...

Keshav Verma 4 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

Countdown To Crypto Chaos: Expert Warns Of Impending Collapse Post Bitcoin Peak

Ronaldo Marquez 22 minutes ago
Solana

Solana Futures Market Surges As Open Interest Hits Record Levels, A Rally Brewing?

Godspower Owie 1 hour ago
strategy-boosts-btc-holdings-top-100x-coin-picks-before-next-rally-tw

Strategy再升級擴大比特幣倉位 下波市場起漲前100倍幣入手清單

markh 2 hours ago

Premium Sponsors

Press Releases

  • miner

    ALL4 Mining Upgrade Injects New Power into Cardano (ADA)...

    8 hours ago
  • Bitget and Bitget Wallet Support Trading of Over 100...

    11 hours ago
  • Анализатор прогнозира, че BTC ще достигне 125 000 USD този месец

    Анализатор прогнозира, че BTC ще...

    14 hours ago
  • Un analist prezice că BTC va atinge 125.000 USD luna aceasta – presale-ul HYPER se apropie de 14 milioane USD pentru modernizarea Bitcoin-ului

    Un analist prezice că BTC va atinge 125.000 USD luna...

    15 hours ago
  • Top Altcoins

    Presale tiền điện tử hot nhất tháng 9: Top 4...

    16 hours ago

Newsletter

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.