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Cryptopolitan 2021-09-21 02:28:23

Polkadot price analysis: Dot eyes resistance of $32, will bulls push through?

TL;DR Breakdown Polkadot price analysis is slightly bullish today.Strong support is present at $27.7.Resistance is found at $32. The Polkadot price analysis for today is completely on the bullish side. Dot bulls gained the lead from the start of the day and have successfully taken the price level from $27 to $30. after three consecutive days of price degradation, today DOT moved up again and is trading hands at $35 at the time of writing. Polkadot has still lost a value of over 3.5 percent over the last 24 hours but has gained overall a value of 20 percent over the past week. The overall market is bullish today, along with the market King Bitcoin rising today by 1.6 percent Ethereum and most of the top coins are all in bullish momentum. DOT/USD 1-day price chart: Will DOT break above $32? The 1-day Polkadot price analysis shows an increase in the price today. The DOT price was continuously on the decline due to the selling pressure from traders, but today bulls gained enough strength to move up again. DOT/USD 1-day price chart. Source: Trading view The volatility is comparatively high but slowly decreasing as Bolling bands are narrowing down but at a slow pace, with the upper band at $38.7 and the lower band at $26.4. The average of Bollinger bands is $32.5. The moving average is at the $34 level, and the relative strength index (RSI) is at 59 but going up. Polkadot price analysis: DOT to pursue the upward trend The 4-h...

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