Polkadot price analysis: DOT gains nominal value as price touches $7.0

The Polkadot price analysis reveals that bullish momentum is on the go. The price of DOT/USD started to rise later yesterday, and the bulls are successfully continuing their endeavor today as well, as the price has increased significantly over the past few hours.

Timeline of Polkadot-new

The Ethereum Merge has electrified the crypto world. The crypto community has seen a number of adjustments, and prominent members of the industry have offered their thoughts on the Merge.

The Polkadot price analysis shows bearish price movement today, as the coin has broken below the $7 psychological mark. Bears have covered a range downwards since yesterday as the DOT price has come down to $6.92.

Polkadot [DOT] launched a new DeFi product called vDOT on 13 September. vDot is a yield-bearing DOT derivative that aims at maximizing DeFi earning strategies in the Polkadot ecosystem.

Polkadot (DOT) and Kusama (KSM) are barely holding on above the yearly lows and could break down soon, accelerating their rates of decrease. The post Polkadot (DOT) and Kusama (KSM) Face Price Crash as NFT Event Starts appeared first on BeInCrypto.

Polkadot price analysis for today's trading session shows that the cryptocurrency has recovered from its previous low of $6.98 and is currently trading at $7.20. The recovery in DOT prices can be attributed to the overall bullish momentum in the market as most cryptocurrencies are trading in the green today.

The bear market has been ongoing for longer than any other in recorded history, and it doesn't look like it is ending anytime soon. As a result, the cryptocurrency sector is continuing to battle with the impact of the situation.

The Polkadot price analysis for today reveals bulls are trying to divert the bearish pressure. DOT/USD price has got support at the $7.04 mark as bulls made a comeback after the bearish dominance observed for the past three days.

The Polkadot price analysis suggests that the DOT price has dropped today as bears took charge of the market once again. After the continuous imbalance in the price movements, the price has been lowered up to the $7.62 level, and the bearish trend has been set for today.

Polkadot is experiencing what we call a shake-up after mixed emotions surfaced on the network. Despite recent growth on the network, its development activity has slowed down of late.

The Polkadot price analysis for today is bearish. The DOT/USD was recovering up till yesterday as the bulls had control, but the bullish momentum slowed down yesterday, as bulls were unable to uplift the price above the $7.79 level, from where the price started to correct.