The Polkadot price prediction shows DOT approaching the upper boundary of the channel as eyes focus on the $9 level.
Polkadot prediction statistical data:
- Polkadot price now – $8.6
- Polkadot Market Cap – $8.5 billion
- Polkadot Circulating Supply – 987.5 million
- Total Polkadot supply – 1.1 billion
- Polkadot Coinmarketcap Ranking – #11
Resistance levels: $12.5, $13.5, $14.5
Support Levels: $4.5, $3.5, $2.5
DOT/USD refreshes to a new high after hitting the daily low of $8.16 to breakouts above $8.5 as the coin is currently trading at $8.60 with a bullish crossover and an intraday trend. Today, the crypto is moving to breach the upper boundary of the channel, but higher support is expected at the $8 level.
Polkadot Price Prediction: Polkadot Price May Explode
The Polka Dot Price is struggling to break through the channel as the Relative Strength Index (14) technical indicator remains above the 60 level, the coin is likely to see some bullish signals, which may finally encourage more buyers to enter. the market.
However, if the 9-day moving average remains above the 21-day moving average, the coin may break through the channel and the price could reach the resistance levels at $12.5, $13.5 and 14.5. $ respectively. More so, if the technical indicator decides to make a quick turn and face down, there may be a quick bearish decline that could probably hit the $4.5, $3.5, and 2 support levels. $.5.
Against Bitcoin, Polkadot is trading above the 9-day and 21-day moving averages as the price touches the resistance level of 3701 SAT. However, the fact that the market remains in the descending channel, seems to be moving towards the upper boundary of the channel.
Also, if the buyers push the market price above the channel, DOT/BTC may touch the resistance level of 4000 SAT and above. On the contrary, higher selling pressure may negate the bullish pattern, which may attract new sellers into the market with the next support level at 2500 SAT and below, but the technical indicator Relative Strength Index (14) moves to exceed 60 -level.
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