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- DOT token price is at $36.14 with a 7.46% gain, on Thursday’s trading session
- The 24 hour volume in Polkadot is at $2,353,046,208 with a 58.10% gain
- The DOT/BTC pair was trading at 0.0006640 BTC with a gain of 6.50%
The 4-hour technical chart of DOT token price forecasts a positive trend. According to pivot points, DOT’s critical support level is placed at $28.55. Whereas if it moves up, the key resistance level to watch is $45.60. While diving into the weekly chart of a 4-hour time-frame, it completes a Doji candlestick pattern representing neither bulls nor bears could gain the upper hand.
EMA- (20,50) acts as another strong support in the coin. EMA-20 (blue) intersects above EMA-50 (purple), which projects a positive trend. The price is sustaining above EMA-20 (blue). Investors may perceive positive crossover in the EMA, and the price will also follow the positive trend.
RSI indicator (BULLISH), with a value of 63.50, indicates a buy signal in the coin. Moreover, Investors can see an upward slope from 50 to 63 in the index, and it may surge in future trading sessions.
The volume of (1.85M) is above the Volume MA (1.65M) of 20-days. High buying pressure is required in Polkadot to drive its price to higher levels.
Polkadot (DOT) Token Price Action Gives Crossover Above EMA
DOT token price traded at $36.14 with a gain of 7.46% in the last 24-hour and 26.80% up in the weekly time-frame. Furthermore, DOT bounced back from the support of $28.55. In contrast, the market capitalization stands at $33.74 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the EMA-20. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $45.60 in future trading sessions.
Resistance: $45.60
Support: $28.55
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