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Polkadot: A move above $8 is critical, here’s why

Press Releases Crypto News AMB-Crypto Polkadot: A move above $8 is critical, here’s why

DOT is expected to rise toward the $8.05-$8.2 resistance region.
Whether the price forms a range or continues to trend upward has not yet been resolved.

Polkadot [DOT] showed a bullish flip in its bias on the one-day price chart over the past week of trading. The technical indicators also supported the idea of a rally. Yet, other data points suggested otherwise.

For a start, the $8 level represented a stern resistance level. Beyond it, the $8.5 region rebuffed DOT bulls a month ago. With Bitcoin [BTC] above $50k, capital rotation and an altcoin rally could commence in the coming weeks.

Range formation or an uptrend?

Go to Source to See Full Article
Author: Akashnath S

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