Crypto Blog
Polkadot’s price action has been choppy lately, with the market going through a consolidation period over the last month. However, things might be turning for the better.
Since the $6 support level has held the price several times, a bullish breakout above the moving average seems more likely than a bearish continuation. Therefore, a climb above the 200-day moving average and toward $9 is a probable scenario in the short term.The 4-hour timeframe clearly shows the recent price action. The market has been gradually rising in a large ascending channel. Following a rebound from the lower boundary, Polkadot tested the channel’s midline.
Analyzing the futures market could deliver valuable insights about key levels to watch, with the DOT price seemingly finding a bottom. This chart shows the Binance DOT/USDT perpetual pair’s liquidation heatmap. It indicates where the most liquidity resides.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin (BTC) Price Eyes $60K, Toncoin (TON) Soars 12% Daily (Market Watch)Crypto Blog
Read more »
Shiba Inu Burn Rate Soars 90% Daily: SHIB Price Rally Incoming?Crypto Blog
Read more »
BTC Jumps to a Weekly High Above $66K, NEAR Soars 8% Daily (Market Watch)Crypto Blog
Read more »
The World Is Watching: UCLA Complicit in the Violence Against Its Own StudentsThe Daily Bruin is the student-run daily newspaper at UCLA in California.
Read more »
Trump Fined $9,000 For Gag Order Violations in Hush Money TrialSee multiple perspectives from The Daily Wire, The Hill, and Daily Beast at AllSides.com.
Read more »
Spider-Woman Redefines the Meaning of Her Iconic Red & Yellow CostumeJessica Drew as Spider-Woman, spreading her arms wide as she soars through a city.
Read more »