Polkadot (DOT) Price: Does 40% Price Jump Signal End of Downtrend?

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

Is Polkadot (DOT) Price Finally Braced for Liftoff?

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

Bullish Divergence on RSI Hints at Potential Polkadot (DOT) Price Breakout

The Polkadot (DOT) price bounced on Dec. 29 and is moving toward a confluence of resistance levels at $5.10. The daily RSI readings supports the bounce. The Polkadot price has fallen inside a long-term descending wedge since June 13. The decrease led to a minimum price of $4.22 on Dec. 29, before a bounce ensued. … Read more

What the Future Has in Store for Polkadot Price as 805-Day Support Collapses

The Polkadot (DOT) price broke down from long- and short-term support levels, indicating that it is still in a bear market. The Polkadot price had decreased under a descending resistance line since Nov. 2021, when it was trading at an all-time high of $55.09. The DOT price reached a low of $4.41 on Dec. 21. … Read more

Bulls and Bears Wrestle for Control of Polkadot Price

The Polkadot (DOT) price has generated bullish divergences in multiple time frames. While such divergences often precede upward movements, one has yet to occur. The Polkadot price has fallen below a descending resistance line since its all-time high of $55.09 in Nov. 2021. So far, the DOT token price fell to a low of $5 … Read more

Rise of Polygon: Starbucks, Reddit, and Meta Set Stage for Mainstream Adoption

Layer 2 solutions like Polygon have created a significant stir in the crypto sector in 2022. Partnerships, integrations, and even development activity have helped the network remain afloat. But there are some concerns as well.  2021 was mostly about meme coins, non-fungible tokens (NFTs), and layer 1 (L1) projects. But in 2022, layer-2 scaling solutions … Read more

What Polkadot Price Needs to Break Bearish Trend

The Polkadot (DOT) price is trading in a bullish pattern. There is a confluence of resistances at $6.80. Whether the DOT price breaks out or gets rejected there will determine the future trend. The Polkadot price has fallen underneath a descending resistance line since reaching an all-time high of $55.09 in Nov. 2021. The line … Read more

Polkadot (DOT) Price Shows Potential for Brief Rally, but Only if It Holds This Support Area

The Polkadot (DOT) price is trading inside a corrective pattern. A breakout from it could trigger a 50% price increase. The Polkadot price has fallen since reaching an all-time high price of $55.09 in Nov. 2021. The downward movement led to a low of $5.32 in Nov. 2022. The low was slightly below the $5.90 … Read more

Polkadot (DOT) Price Closes Most Bullish Week Since July – Will it Keep Up Momentum?

The Polkadot (DOT) price has yet to break out from long-term resistance levels in the weekly time frame. However, the daily chart supports the beginning of a bullish reversal which could then continue in the weekly time frame. DOT has fallen underneath a descending resistance line since reaching an all-time high price of $55.09 in … Read more

Polkadot (DOT) Price Slides to New Yearly Low, Bearish Sentiment Remains Strong

Polkadot (DOT) price is showing some bullish signs in the short-term. However, the long-term readings remain firmly bearish. The weekly price chart shows that the Polkadot price has been decreasing underneath a descending resistance line since reaching an all-time high price of $55.09 in Nov. 2021. The line was validated once more in April 2022.  … Read more