$DOT (Polkadot) on a Steady Rise 🚀
📊 Current Price: $4.194
📈 24-Hour High: $4.217
📉 24-Hour Low: $4.045
📊 24-Hour Change: +1.94%
Polkadot is showing signs of upward momentum as it approaches its 24-hour high. Let’s take a closer look at the technical indicators.
Technical Analysis
• Moving Averages:
• MA(7): $4.161, providing close support and indicating a short-term bullish trend.
• MA(25): $4.129, acting as a secondary support level, maintaining stability.
• MA(99): $3.955, significantly below the current price, which highlights a strong bullish trend on a larger time frame.
• Support and Resistance Levels:
• Immediate Resistance: $4.217, the recent high. A break above this could lead to further gains.
• Support Zone: Around $4.129, aligning with the MA(25) to offer a cushion for potential dips.
• Volume: Steady volume indicates sustained interest in DOT, with an uptick in buying pressure as it moves closer to the recent high.
Polkadot is in a bullish setup, with support from key moving averages. A breakout above $4.217 could open the door for more upside, while maintaining support around $4.129 will be crucial to continue the trend. Keep an eye on the volume as it may signal stronger moves ahead!#MicrosoftBitcoinRejection
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