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NewsBTC 2022-08-14 06:40:30

Polkadot (DOT) To Retest $9.88 Resistance – Can Bulls Regain Solid Footing?

Polkadot (DOT) price reveals that the extreme bullish movement pumped the price reaching $9.54. DOT price extremely bullish; set to retest $9.88 key resistance level. Support spotted at the $9.29 zone. Polkadot pumped up its price to $9.54. DOT’s price trendline has spiked for the past couple of weeks following the coin’s overwhelming gains over the past few days. Today, DOT/USD is trying to test the $9.87 key resistance level which is pretty strong. However, if the bulls continue to push further then DOT will have no problem breaching this critical resistance zone. Related Reading: Filecoin Cruises Near Resistance, Now Attempts For A Breakout DOT Price Pumped To $9.54 On the 24-hour timeframe, DOT price has shown a boost in price value as it pumped its price to $9.54 a few hours ago. According to CoinMarketCap, DOT is now trading at $9.49 or showing an impressive spike of 2.20% as of this writing. DOT price was down by a trickle in a few hours but is still on the green lane. The DOT/USD pair has shown a remarkable 10.05% gain in terms of value as seen in the past week which hints a continuation of the bull run. On the flip side, trading volume for DOT tremendously fell by 12.66% which shows some weak spots in terms of momentum. DOT/USD pair shows increased volatility as seen in the expansion of the Bollinger bands. The price is seen to be trading the upper limit with $9.99 as the current key resistance, and the lower band or ...

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