Polkadot price analysis: DOT gains 3.53 percent as price reaches $8

Today's Polkadot price analysis reveals the price movement is in the bullish direction. However, the price underwent a decline during the last four hours, despite breaking upwards today.

Timeline of Polkadot-new

Polkadot price analysis today shows that the DOT/USD pair continues to rise higher after yesterday's bullish breakout. The pair has reached a new all-time high of $6.86 and is currently trading at the $6.83 mark.

Polkadot price analysis reveals that the DOT/USD pair is consolidating around $6.67 today after a slight pullback from yesterday's high at $7.19. The bulls had earlier pushed the price up to this level following a period of sideways trading between $5.50 and $6.50.

Polkadot price analysis shows that the bulls have controlled DOT's price since early September. The market has seen a series of higher highs and higher lows, indicating that the bulls control DOT's price.

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Polkadot price analysis suggests a downwards movement to $6.70 DOT finds resistance at the $7.40 mark The closest support level lies at $7.00 The Polkadot price analysis shows that DOT has been rejected at the $7.50 mark which has caused the asset to crash back to the $7.00 support level.

Kusama is surging once again but Polakdot also advanced to a crucial resistance area and might be just able to catch up so let's have a closer look at today's latest altcoin news.

Polkadot price analysis shows mixed signals on its daily movement, as price recovered slightly from yesterday's downtrend that lowered price to $7.09. Over the past 24 hours, DOT regained over 2 percent to move as high as current point at $7.54.

peaq, the Web3 network powering the Economy of Things (EoT), announces joining the Substrate Builders Program. Run by Parity, the blockchain solutions company behind Polkadot, the program “will support peaq on its mission to build a decentralized Economy of Things.

On July 16, Polkadot (DOT) broke through and retested the 21-day SMA line before resuming the uptrend. This is the first time since April 11 that the bulls broke the 21-day line SMA.

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