TL; DR Breakdown Most of the technical indicators suggest a negative DOT/USD trend.On the 24-hour Polkadot price analysis, DOT traded within a tight range, indicating that the DOT/USD market has low volatility.The Relative Strength Index (RSI) lies below that this is an indication of a bearish trend. Polkadot price analysis: General price overview Polkadot’s five-day price analysis chart suggests that the market is generally bullish as most candlesticks are red. However, the chart picked off with bullish momentum. The bulls were so strong that the bears tried to pull them downwards. The Moving Average indicators show a bullish potential as the short-term indicator crossed above the 200- day Moving Average. The moving average lines consolidated at one point, meaning that the buyers wanted to enter the market. ON the 5-day DOT/USD price analysis chart, The RSI was seen hovering towards the overbought region. This suggests that the market has generally been bullish in the past week. The long-term technical indicators show that the bull market that saw its way last month might continue through the year. Polkadot price movement in the last 24 hours: Tight range price action On the 24-hour Polkadot price analysis, DOT traded within a tight range that begins at a daily low of $32 and stretches up to a daily high of $34.2. The total number of DOT transactions was reduced by 39 percent to $2.9 billion per day. DOT has a market dominan...
