Polkadot price analysis: DOT struggles to cross $7.34 resistance

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.

Timeline of Polkadot-new

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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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Polkadot price analysis reveals that the DOT/USD pair is in a bullish trend as it shows potential to resume its uptrend. The pair is currently trading at $7.56, and a breakout above the $7.63 resistance could see it target the $8 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.

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.