Polkadot Price Analysis for Today (December 18, 2024)

The current price of Polkadot ($DOT ) is $8.26, which has decreased by -6.39% in the last 24 hours. Currently, DOT is available on 57 exchanges, and in the last 24 hours, 69,277,370 DOT coins have been traded, amounting to a trading volume of $571,911,672.$VELODROME $UTK

Today, Polkadot (DOT) opened at $8.50. It has decreased by -2.84% from the opening price. Despite rallying to $8.53, Polkadot (DOT) faced resistance and was unable to maintain momentum for a move higher. From the maximum price in the last 30 and 7 days, its value has decreased by -28.38% and -14.43%, while from the minimum recorded price over the same period, it has increased by 54.96% and 8.28%.

According to our analysis, DOT needs to stay above $7.40 to potentially move towards the first significant resistance level at $9.25. A breakout above $9.25 could lead to DOT rising to the next resistance level at $10.48. The third resistance is at $11.86.

If the price falls, the first support level to watch is $7.40. If this level does not hold, further decline may occur to the next support level of $6.09.#2024withBinance