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The $8.85 breakout rally aligned with decreasing volume indicates a loss of bullish momentum. Thus, a retracement to this breach resistance is plausible, which may offer a suitable launchpad for buyers to resume the ongoing recovery.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject.

The price of Polkadot (DOT) is trading in the uptrend zone as it breaks above the moving average lines. The cryptocurrency has regained bullish momentum as it resumes its uptrend.

This week, crypto market forces are aligned, with network updates and US economic indicators delivering a broad-based crypto rally.

The Polkadot price analysis indicates that the bullish momentum has brought the price to the $9.54 level and more improvement in the coin's value is to be expected in the coming hours.

Bitcoin and many altcoins are carving out bottoming patterns as sentiment across the crypto and equities markets continues to improve.

Last week, millions of dollars were hacked from Solana's (CRYPTO: SOL) ecosystem. While its blockchain wasn't hacked directly, hackers were able to drain funds from Solana wallets.

"All About Bitcoin" host Christine Lee covers some of the top stories in crypto, including BlackRock's spot bitcoin private trust for U.S.-based institutional investors, U.S. regulators considering asking large hedge funds to disclose their crypto exposure, and Polkadot's decentralized version of "wrapped" bitcoin. #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 Site: https://www.coindesk.com Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/3104779/admin Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

Polkadot price analysis is currently bearish as the market slides below $9.11. This comes after a period of consolidation around this price level.

Pastel Network, a leading purpose-built blockchain and protocol standard for non-fungible tokens (“NFTs”) and Web3 technology, is teaming up with Parity Technologies. The integration will enable both native parachains and decentralized applications across the Polkadot ecosystem to leverage Pastel's powerful technology, providing added security for projects and users.

DOT has been trending upwards since late July. And, the fight has to be a toe to toe one between the bulls and the bears.

A widely followed crypto analyst says Bitcoin (BTC) is continuing onward and upward, revisiting an old resistance level. Pseudonymous crypto trader Rekt Capital tells their 326,400 Twitter followers that the king crypto has held the 200-week moving average (MA) for three weeks.

Interlay introduces a decentralized and trustless wrapped bitcoin bridge for DeFi users on Polkadot who are wary of third-party custodians and merchants.

InterBTC operates as a BTC-backed stablecoin, secured by a decentralized network of overcollateralized vaults, which according to Interlay, resembles MakerDAO's DAI token.

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The latest Polkadot price analysis shows bearish price action as the price is decreasing, and the price has been following a decreasing movement for the last 16 hours.

Things might be picking up for the cryptocurrency market, and this could be the best time to start putting your money to work.

After a “wow” performance last week, Polkadot [DOT] has reversed to digging for new red levels. Recall that DOT was the best performing cryptocurrency among the top coins on CoinMarketCap during the aforementioned period.

The altcoins drove the crypto market today to close above $1.1 trillion despite the disappointing results of Coinbase's Q2 Earnings report.

After today's neutral CPI print, Bitcoin and altcoins are attempting to flip stiff overhead resistance levels to support in order to prepare for the next leg up.

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The Polkadot price prediction shows that DOT may settle above the upper boundary of the channel as the coin heads to the upside.

In a major boost for Polkadot and its developing DeFi ecosystem, the interoperable network's innovation hub, Astar Network, is partnering with Acala, one of the largest Parachains.

The DeFi program will unlock new opportunities and incentives for developers on Polkadot.