Polkadot Price Analysis: Polkadot bears overturn buyers’ attempt to sustain $30

TL;DR Breakdown Today’s Polkadot price analysis is bearish after undergoing a 5.76 percentDOT/USD traded within a daily range of $27.5 – $28.5. Today’s Polkadot price analysis is bearish after undergoing a 5.76 percent retracement overnight to the $27 price mark. Polkadot met rejection on the daily chart at $29.33 when bulls attempted to cross the $30 region. We are expecting to witness a breakout today if the buyers are able to defend the $26 support. Failure to sustain momentum might result in a downswing towards this week’s swing high at $23. Polkadot price movement in the last 24 -hours: Tight price movements According to our Polkadot price analysis, DOT/USD traded within a daily range of $27.5 – $28.5. Such a tight range suggesting low volatility across the daily chart. Polkadot’s trading volume faced a 26.40 percent plummet to a total of $1.8 billion. The total market capitalization stands at $27.7 billion after a 3.26 percent drop in the last 24 hours.  4-hour Polkadot Price Analysis: Will bulls cross $30? On the 4-hour Polkadot price analysis, DOT/USD is correcting upwards from a peak and trough pattern, with the bottom at $27.30 and a peek at aimed towards the $28 region. The bulls seem persistent to set a new high on the 24-hour chart, but their attempts are being met by stronger bearish forces.  Polkadot price action has witnessed bullish patterns in the past 4 -weeks. This was after the coin ...