Tag Archives: Polkadot (DOT) Price

Polkadot’s price has been dropping rapidly over the last couple of months and is yet to show any sign of slowing down. However, the cryptocurrency might soon begin a bullish rebound. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been on an aggressive decline since a rejection from the $12 resistance level. The market has also broken below the bullish trendline that has been formed since October 2023. The 200-day moving average, located...

Polkadot has been undergoing a prolonged corrective consolidation around the critical $6.5 support level, with the price retracing slightly toward the 100-day moving average. However, the short-term expectation is to continue this corrective consolidation phase. Polkadot Price Analysis: Technicals By Shayan The Daily Chart A comprehensive analysis of the daily chart shows a swift rebound near the pivotal support level of $6.5, with the price exhibiting a minor bullish...

Polkadot’s recent price movement has seen it finding support from the crucial 200-day moving average, prompting a bullish retracement. However, despite this upward trajectory, the cryptocurrency faces several critical resistance levels ahead, casting doubt on the sustainability of the bullish retracement. Technical Analysis By Shayan The Daily Chart A thorough daily chart analysis reveals a modest bullish reversal near the key 200-day moving average of $7, following a quick...

TL;DR Polkadot introduced the Join-Accumulate Machine (JAM) protocol that merges features of Polkadot and Ethereum, aiming to improve blockchain efficiency and scalability, with governance pending community approval. Noteworthy developments for the protocol include an upgrade to the Acala Network and discussions about a potential $8.8 million sponsorship deal with Inter Miami CF. Polkadot’s Progress as of Late The blockchain protocol – Polkadot (DOT) – captured the attention...

TL;DR Polkadot (DOT) has seen a recent 5% increase in price, with predictions from multiple analysts suggesting a potential rally that could elevate its value to $15 or even $20 by the end of next year. Some prominent traders also view the asset as a good investment at the moment. Is DOT Ready for a 100% Rally? Polkadot’s native cryptocurrency – DOT – has recently entered green territory, with its price jumping by 5% on a weekly scale and briefly exceeding $7.50. Multiple...

Polkadot’s recent price action has been characterized by subdued movement and minimal volatility following a swift decline toward the $6 level. However, the cryptocurrency finds itself at a crucial juncture, with a potential breakout poised to determine its next direction. Polkadot Price Analysis: Technicals By Shayan The Daily Chart A thorough analysis of the daily chart reveals a period of consolidation around the $6 mark, marked by low volatility and indecision in the...

TL;DR Polkadot (DOT) remains well in the red on a weekly scale following the latest market decline. Nonetheless, some analysts are optimistic about the asset’s potential for significant gains in the near future, adding it to their portfolios. DOT’s Next Possible Move Polkadot’s native token—DOT—tumbled severely during the latest market correction. Its price is down 20% on a weekly scale, briefly plunging below $6. However, it started recovering in the past several hours and...

For the first time in history, a cryptocurrency firm has used blockchain technology to select an athlete for a brand ambassador sponsorship deal. According to a press release sent to CryptoPotato, the Polkadot community just passed a vote to sponsor IndyCar racing star Conor Daly as Polkadot brand ambassador for the upcoming Indianapolis 500, an annual automobile race held at Indianapolis Motor Speedway. Daly as Polkadot’s Indy 500 Ambassador The Indy 500 race is slated for...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot. Ethereum (ETH) This week, the market sentiment completely shifted, with bulls taking full control of the price action. ETH rallied by 21%, making it the best performer on our list. This spectacular rally allowed it to break above the key resistance at $1,660, which has now turned into support. With the uptrend in full swing, this cryptocurrency can reach $2,000, which is a key...

The rally from the past two weeks has pushed the cumulative market cap of all crypto assets to above $1 trillion for the first time since the FTX debacle. This comes amid the massive price surge from several altcoins, such as Solana, Polkadot, Polygon, Avalanche, and others. The start of 2023 has been quite spectacular for the cryptocurrency market following the painful 2022. The largest digital asset went from around $16,500 to over $21,000 in about two weeks. This 27%...