The Polkadot price analysis is going to favour the bulls. According to the most recent updates, the price has risen to $7.68, which represents a significant improvement once when compared to previous trends.
There is a strong possibility that the price levels will soon cross the $7.80 resistance level. The price has increased today, with the recent growth of a bullish candlestick, which is a hopeful sign for buyers.
The Polkadot price analysis over the past 24 hours shows that bullish momentum is rising. After a slow recovery, price levels suddenly improved to $7.68. The bullish efforts have brought the price levels close to the Moving Average (MA), which is $7.63. Due to the bullish price movement, the coin currently has a 1.70 percent increase in value, which is small but positive. The cryptocurrency, on the other hand, is still down 10% in the last week. Today's trade volume has decreased by 10.32%.
Polkadot's 4-hour price chart indicates that the cryptocurrency's performance is showing a slightly positive price movement, which has resulted in a rise in coin value. According to the most recent data, the price has risen to $7.68 after recovering from a loss in the past hour. Because the price has passed the mean value, moving average (MA), which is at $7.48, the positive trend may strengthen. The bulls have an uncertain future since the Bollinger bands are expanding at a relatively slow rate.
The Polkadot price analysis shows that the bulls are aiming to recover their strength after suffering a significant loss. Today's bitcoin price levels have risen to $7.59, and there are positive signs for buyers to enter. If price levels continue to rise at their current rate, the resistance at $7.71 will be easily overcome. This is only possible if the bulls continue on their current path and maintain the support levels at $7.44 for better results.
KEY LEVELS :
RESISTANCE LEVEL : $8.00-$8.60
SUPPORT LEVEL : $7.00-$6.30
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