A crucial horizontal area rejected the Polkadot (DOT) price, while the Kusama (KSM) price reclaimed its own horizontal level. Polkadot (DOT) Price Falters After Rejection The DOT price has fallen since reaching its yearly high of $7.90 on Feb. 19. The decrease was preceded by a bearish divergence in the daily RSI. It led to … Read more
The Polkadot (DOT) price and the Kusama (KSM) price are trading slightly above crucial horizontal support levels. Whether they bounce or break down could determine the future trend’s direction. Polkadot (DOT) Price Attempts to Find Support The Polkadot price has decreased below a descending resistance line since Aug. 2022. The downward movement led to a low … Read more
The Polkadot (DOT) price created a bullish engulfing candlestick last week suggesting that further gains await. The Polkadot price has increased since breaking out from a descending wedge on Jan. 13. The upward movement led to a high of $7.90 on Feb. 19. Despite the increase, the price failed to break out above the resistance … Read more
Polkadot’s NFT space witnessed growth in the last week Metrics were in DOT’s support, helping it increase its value Polkadot [DOT] posted its weekly roundup on 6 February, which mentioned all the notable developments that happened in its ecosystem during the last seven days. The developments were not only confined to Polkadot but also included … Read more
The Polkadot (DOT) price broke out from a descending wedge, while the Kusama (KSM) price broke out from a descending resistance line. Both are expected to increase in Feb. Polkadot Price Looks Ripe for Continuation On Jan. 13, the DOT price broke out from a descending wedge. Previously, the wedge had been in place since … Read more
AlephZero was added to Polkadot as the 38th parachain. Despite declining activity, staker interest and development activity increased. AlephZero, a zkSnark based cryptocurrency, was added to Polkadot [DOT] as the 38th parachain on the network. This addition to Polkadot could likely improve the state of its ecosystem. However, despite the growing ecosystem, there were areas … Read more
Polkadot’s eco-friendliness could positively impact sentiment. Upcoming developments and a growing number of stakers could also drive interest. According to recent data provided by PolkadotInsider, Polkadot [DOT] consumed the least amount of electricity compared to other cryptocurrencies in the market. This eco-friendliness could impact Polkadot and the sentiment surrounding the cryptocurrency positively. POLKADOT – THE ECO-FRIENDLY … Read more
The Polkadot (DOT) price broke out from long- and short-term resistance levels. However, it has yet to confirm its bullish trend reversal. The Polkadot price had fallen under a descending resistance line since its all-time high of $55.10 in Nov. 2021. The decrease led to a minimum price of $4.22 in Dec. 2022. The descending … Read more
Polkadot development activity increased, but revenue declined. Stakers on the network remain undeterred, as volatility presented buying opportunities. Polkadot [DOT]‘s development activity soared over the past few months, Token Terminal reported on 16 January. This spike in activity could be attributed to the growing number of projects and developments within the Polkadot ecosystem. long-term builders … Read more
The Polkadot (DOT) price is trading at a confluence of resistance levels at $5.10. A breakout above this area would confirm that a bullish reversal has begun. The Polkadot price had decreased under a descending resistance line since Nov. 2021, when it reached a maximum price of $55.10. The downward movement led to a minimum … Read more
