Polkadot long-term Price Analysis: 26 November

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Polkadot long-term Price Analysis: 26 November

Following the lead of Bitcoin, the world’s largest cryptocurrency, most altcoins have also noted price breakdowns on their charts. Polkadot, one of the industry’s major altcoins, also saw its value crumble under the market’s bearish pressure. While some are already speculating that the ‘alt season is dead,’ DOT was attempting to initiate a rally on its charts, at the time of writing.



Polkadot’s 4-hour chart highlighted the breach of the long-term ascending channel. While the value of DOT marked an all-time high at $6.15, it fell soon after. The sudden price drop caused the price to sink to $4.34, but DOT managed to push its way up. At press time, DOT was being traded at $4.77, having tested the resistance at $4.88 twice.

Learn more about the analysis here.