🚀 AMB Crypto Analytics: $DOT Price Analysis
DOT’s price has risen by more than 4% in the last seven days. However, things got better in the last 24 hours as Polkadot’s value surged by over 6%.
It was surprising to see that despite the promising price uptick, DOT’s weighted sentiment remained in the negative zone, meaning that bearish sentiment was dominant in the market.
Though market sentiment was bearish, metrics told a different story. For example, the token’s open interest increased along with its price.
The token’s MACD displayed a bullish crossover. Its Relative Strength Index (RSI) also registered an uptick, indicating that the chances of a continued price uptrend were high.
If the uptrend lasts, DOT might face resistance near $9.2. A breakout over the level might result in DOT crossing the $10 mark. On the other hand, if the price trend changes, DOT’s price might plummet to its support level of $6.27.
