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Cryptopolitan 2021-09-07 02:30:31

Polkadot price analysis: DOT meets resistance at $34, will DOT bulls push through?

TL;DR Breakdown The most recent Polkadot price analysis shows a slight correction presently.DOT/USD meets resistance at $34.45DOT trend momentum is still on the bullish side. The Polkadot price analysis is indicating a light correction after DOT meets resistance at the $34.45 mark. The number ninth crypto Polkadot has gained a value of 6.59 percent in the last 24 hours and around 37 percent in the previous week. This shows a significant margin for traders during the past few days as DOT proves to be a worthy investment. Despite the bearish correction happening at the time, the overall trend for DOT is still bullish, and DOT/USD pair is trading at $34.36 at the time of writing.The upwards trend of Polkadot strickly resembles that of the Queen of cryptocurrencies, i.e., Ethereum, which is following the trend set by the king Bitcoin. DOT/USD 1-day price chart: DOT holds above the support present at $32 The 1-day price chart for Polkadot price analysis shows the DOT/USD price went down due to a slight correction, which seems to be healthy, and the uptrend line has not reversed. The DOT/USD pair traded between the $33.65-$34.45 range and is present at a high price point after May 2021, continuing towards a new high. The crypto gained 6.59 percent value over the past 24 hours. DOT/USD 1-day price chart. Source: Trading view The volatility is increasing as is seen, the Bollinger bands are widening, and the upper band is at a va...

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