🚀 Polkadot Breaks $8 Resistance
Polkadot (DOT) surged by over 100% in the last month, breaking out of a prolonged downtrend and reclaiming the critical $8 level. Previously a resistance, $8 now acts as support, sustaining the bullish momentum as DOT gains traction.
📈 Price Movement and Momentum
DOT has risen 111% in 30 days, fueled by strong buying pressure and increasing trading volumes. The price is nearing a key resistance at $10, a historically significant level. Breaking this mark could push DOT higher, targeting $12.60 in the next bullish wave.
🌟 Future Price Targets
Analysts suggest DOT could break $10, with interim resistance at $9.91. The upward trend is supported by the Simple Moving Average (SMA), boosting optimism. However, a reversal could test support at $6.57, potentially leading to a low of $5 if selling pressure intensifies.
💼 Current Market Stats
DOT trades at $8.53, up 35.65% in the past 24 hours, with a market cap of $13.14B. Trading volume surged 271% to $3.03B, highlighting active market participation. While volatility offers opportunities, traders must remain cautious.
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