Cryptopolitan
2021-09-15 05:37:07

Polkadot price analysis: We expect DOT/USD to hike to $40 in the next 24 hours

TL;DR Breakdown Polkadot price analysis is showing signs of a retracementThe closest support level lies at the $32 mark.DOT facing stiff resistance at $36. Polkadot price analysis: General price overview The Polkadot price analysis indicates DOT met strong rejection at the $36 mark after supporting a rally overnight. As a result, the price rally paused briefly and prevented any significant upsides from that point. This situation pulled the altcoin to a lower support level at $32.50. The price is not fully recovered, but the 24-hour candlesticks indicate high chances of an uninterrupted rally for the next few hours.   The Bollinger bands expanded in the early trading sessions, suggesting that Polkadot has greater volatility. The price of DOT/USD was closing toward the upper Bollinger band, implying a possible bull run. Source: Tradingview The general cryptocurrency market is bullish, as the heat map suggests. The most prominent digital currency, BTC, has recorded a 3.97 percent surge, and the coin is trading slightly below $48K. At the same time, ETH  is also bulish, it has also recorded more than 3 percent increment, and it is currently trading at $3.4K. Other altcoins are also bullish, with COVER being the hottest gainer of the day with more than a 70 percent price surge. DOT/USD is trading in a very promising trend, recording 4 percent price surge.  At the time of writing, One DOT is worth $36.92. Polka...

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