Polkadot recovered on its chart, over the last 24 hours the coin surged over 4%. Over the past week, the altcoin did not register much price movement.
The altcoin painted a bullish picture today with technical outlook pointing towards a change in price action. The coin regained its lost value quite a bit considering DOT flashed signs of revival.
Polkadot has been breaking past resistance lines one after the other and at the moment the coin could aim at its overhead price ceiling.
Price started to pick up momentum ever since it moved past the $9 price level. The aforementioned price level is now acting as a support level. Buying pressure returned in the market which indicated that DOT was regaining its bullish price action.
Polkadot Price Analysis: One Day Chart
Polkadot was trading at $10.27 on the one day chart | Source: DOTUSD on TradingView
DOT was priced at $10.27 at the time of writing. The nearest price floor stood at $9, the other support lines stood at $8.71 and $7.20.
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