Why DOT bulls should closely monitor this resistance range to remain profitable

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. For over eight months, Polkadot DOT has been struggling to bring forth a change in the long-term bearish narrative.

Timeline of Polkadot-new

Filecoin was one of Saturday's biggest gainers, as prices rose by as much 24% to start the weekend. The move saw the token reach its highest point since early June, and comes despite cryptos being mostly in the red in today's session. DOT was also higher, as it too hit a multi-week high.

Recent Polkadot price analysis shows that cryptocurrency has been on a bullish trend for the last 24 hours. After breaking out of the symmetrical triangle pattern, DOT/USD prices soared to new all-time highs at $8.50.

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.

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.

Nearly two decades ago, when blockchain technology was only a young idea, and many people still didn't believe in it, the world first learned about crypto tokens. Today, it's impossible to ignore how the blockchain revolution has transformed the world of finance and investing.

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.