Polkadot (DOT) Gathers Steam, Sets Sight On $8.07 Resistance Level

Polkadot (DOT) has seen a fairly consistent momentum as it currently trades at $7.92 and eyeing the next key resistance at $8.07. The DOT/USD pair predictably scores a strong upside or further gains that can go as high as $8.50.

Timeline of Polkadot-new

Polkadot price analysis suggests a rejection at the $8.00 mark followed by a downwards movement The closest support level lies at $7.14 DOT faces resistance at the $7.81 mark The Polkadot price analysis shows that DOT has climbed above the $7.70 mark and approaches the $8.

July 16, 2022 – Paris, France Coming off a strong media and community presence during AmsterDot in April and Polkadot Decoded in June, another conference and workshop event that's concentrated on the Polkadot community and ecosystem has been announced. ParisDot.comm is a two-and-a-half-day-long event taking place in the beautiful Arab World Institute.

Polkadot's network usage remains strong despite the recent market downturn and the reports show that the second quarter was quite strong as well despite the market turbulence so let's read more today in our blockchain latest news.

The up-to-date Polkadot price analysis is showing a heightening momentum from the bullish side. The price levels have covered an upwards range, as the bullish momentum has proved to be quite steady.

Polkadot, the sleeping giant of the cryptosphere, has just completed its most productive quarter to date. While industry eyes were focused on the carnage dominating its lending and venture capital sector, Polkadot developers quietly shipped hundreds of forkless upgrades across its Substrate-based chains, while the Web3 Foundation doled out dozens of grants.

The Polkadot price analysis is on the bearish side as the bears have denied any further upwards price movement today. The downswing has started again, and the price has started decreasing.

Polkadot (DOT) is in a downward correction as the cryptocurrency's price has a series of lower highs and lower lows. Today, DOT reaches a lower high and retests the 21-day line SMA.

Polkadot price analysis reveals a relatively upbeat approach today; the price has gained most of its lost value. In the last few days, the cost of DOT has received much positive attention and has increased to a significant degree. On July 14, 2022, the price suddenly jumped from $6.09 to $6.70.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. For nearly four months, the trendline resistance (yellow, dashed) has assumed a vital area of value.

Polkadot price analysis reveals a relatively upbeat approach today; the price has gained most of its lost value. In the last few days, the cost of DOT has received much positive attention and has increased to a significant degree.