Is Polkadot (DOT) Price Due for a Pullback Before Climbing Higher?
Sponsored
Sponsored
The Polkadot (DOT) price failed to break out from a key diagonal resistance line and fell below a crucial horizontal area afterward. The long-term count suggests that the price has reached a long-term bottom and has begun a new bullish trend reversal. However, the price action does not confirm this possibility yet. Polkadot Price Fails to Clear Resistance on Third Try The technical analysis of the daily time frame indicates an undetermined outlook. The reasons behind this assessment are based on factors such as price action and indicator readings. To begin with, the DOT price has lost the $5.20 horizontal
Polkadot price is witnessing the bullish impact of the positive interest it has received from institutional investors. The altcoin seems to be heading towards a previously failed high. However, it might face multiple resistances in its path, which could subdue the bullishness noted presently. Polkadot Outperforms Solana and Cardano Polkadot…
There has been a notable spike in the number of Polkadot transactions in recent days. The surge also coincides with DOT prices racing to new 2023 highs when writing on December 22. Taking to X, asynchronous rob noted that Polkadot is currently processing around 250,000 transactions per hour or 400-450 per block.…