Polkadot Price Analysis: DOT breaks above $30, what’s the next move?

TL;DR Breakdown The DOT/USDT pair has risen significantly, rising more than 15 percent.Our Polkadot price analysis shows that the resistance at $29 has been broken.If the Polkadot price fails to turn this zone into support, we can expect retracements. Polkadot has become one of the top crypto gainers today as it gained more than 15 percent. Another top contender for this spot is Solana (SOL), gaining around 14 percent today. The market has acquired a bullish momentum, and now, we might expect altcoins to rise by huge margins today. Bitcoin was also able to maintain a support level at the $47k mark. It has been quite a month for Bitcoin, as it was able to turn the bearish trend into a bullish rally, and after that, altcoins have also seen a lot of growth. LUNA and SOL are the topmost gainers as compared to other altcoins. Today, Ethereum has also gained about 6 percent as the entire market is now accelerating positively. But, in order to predict future prices, we will today be using our Polkadot price analysis. Also, if you are looking to invest in DOT for the longer term, it would be much better to have a look at our Polkadot Price Prediction from 2021 to 2025. Here, you can find price projections for all the years between 2021 and 2025. So, let’s dive deeper into our Polakdot price analysis. Detailed study of the 4-hour chart: Polkadot price analysis confirms a bullish breakout In the DOT/USDT 4-hour chart below, it is...