The Polkadot price has breached the $5 resistance mark in the past trading sessions. Over the last 24 hours, DOT has appreciated by 3.8%. The price of Bitcoin has been surging, which has caused other altcoins to also move upward on their respective charts. When Bitcoin crossed the $18,000 price mark, other altcoins broke past their immediate resistance marks. Polkadot price momentum remains bullish in the shorter time frame. The technical outlook for DOT showed that despite a price correction, accumulation on the chart increased. Related Reading: This Metric Suggests Bitcoin Could Be In Danger Of Another Selloff Polkadot demand also showed an increase on its chart. The asset’s price has to remain above the $5.40 support line and breach the $6.20 resistance level if the coin has to maintain a bullish stance for a longer time frame. The daily chart of DOT also points towards an incoming fall in price, which means that traders might be presented with shorting opportunities. Currently, DOT is trading at an 89% discount from its all-time high secured in 2021. Polkadot Price Analysis: One-Day Chart DOT wa ..
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