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Polkadot faces a significant challenge in reclaiming a decisive resistance region encompassing the $7.5 mark, the 100-day moving average, and critical Fibonacci levels. This resistance range can potentially halt upward pressure in the short term.

Polkadot (DOT), a popular cryptocurrency in the blockchain space, has been making waves with its innovative approach to interoperability and scalability. However, like any financial asset, its price movement is subject to various technical analysis patterns, one of which is the rising wedge chart pattern.

One of Web3's most recognizable NFT brands hits Polkadot, while Frequency picks up the pace as the most popular parachain this month.

Polkadot (DOT) stands as a beacon of innovation and potential. With its current price hovering around $7.20, a modest 2% increase over the past week, DOT is capturing the attention of investors and analysts alike, who foresee a potential bull run that could catapult its value to $17 and beyond.

TL;DR The Web3 Foundation has awarded a grant to Accelerate Polkadot to provide essential tools and knowledge to developers. Accelerate Polkadot lowers entry barriers through practical, code-centric guides, facilitating the creation of innovative projects. All content is open-source, promoting transparency and community collaboration to improve available tools and guides.

This week, we take a closer look at Ethereum, Ripple, Binance Coin, Shiba Inu, and Polkadot. Ethereum (ETH) For the past two weeks, ETH has been hovering around $3,800.

Polkadot (DOT) is currently trading at $7.15, having failed to move past the 20-day SMA. DOT has been relatively muted despite a booming cryptocurrency market.

The Web3 Foundation, the organization behind Polkadot, has awarded a Decentralized Futures (DF) grant to Accelerate Polkadot, which aims to boost developer productivity within the Polkadot ecosystem. The firm stated: “This groundbreaking initiative is dedicated to providing developers with the tools and knowledge they need to succeed in the Polkadot ecosystem through comprehensive, goal-oriented guides.

Check out which resistance zones appear to be crucial for a potential DOT bull run.

The Polkadot (DOT) price is currently at $7.20. After a positive start to the week, the price has consolidated over the crucial $7 level.

Polkadot launches PolkaPort East in Hong Kong with support from the Web3 Foundation's Decentralized Futures grant.

The Web3 Foundation, the entity behind Polkadot, has announced a Decentralized Futures (DF) grant to PolkaPort East to help drive the network's expansion in Asia.

The $7.5 significant resistance region recently halted Polkadot's bullish momentum, resulting in a 12% decline. Nevertheless, DOT's price action hints at the continuation of the mid-term consolidation stage.

Polkadot (DOT) experienced a volatile week, oscillating between $7.78 and $7.17 before settling at $6.97 on Friday. Despite a positive start, DOT failed to sustain its bullish momentum, struggling to hold above $7. Meanwhile, 5thScape (5SCAPE) continues to gain ground, showcasing resilience in a turbulent market.

IDCHAIN, built on top of Mandala Chain, is designed to create secure digital identity infrastructure on Indonesia's TLD, the .id domain.

Binance announces the removal of several spot trading pairs, including ACE/BNB and DOT/TUSD.

PolkaPort East is an entity leading investor relations and growth initiatives for Polkadot centered on Hong Kong and the Greater Bay Area.

The Web3 Foundation, the organization behind Polkadot, has awarded a Decentralized Futures (DF) grant to PolkaPort East to foster the blockchain network's expansion in Asia, according to a June 4 statement shared with CryptoSlate. This marks Web3 Foundation's first DF grant to an Asia-based entity.

PolkaPort East was awarded a Decentralized Futures grant to decentralize and grow the Polkadot community in Hong Kong.

Polkadot has always been like a bustling restaurant, offering a diverse menu catering to a wide range of blockchain needs. These range from simplified Web3 experiences to platforms for real-world asset (RWA) tokenization.

Web3 Foundation has announced a new grant awarded to PolkaPort East, aimed at furthering decentralization and bolstering community engagement within the Polkadot (DOT) ecosystem, as per the latest info shared with Finbold on June 4.

The Polkadot Blockchain Academy (PBA), Polkadot's (DOT) educational program, has announced the launch of its fifth cohort in Singapore set to begin on May 20, 2024, according to the most recent updates shared with Finbold on June 2.

Polkadot (DOT) has managed to stay above $7 after an extremely bearish week that saw the price slip to $6.97 before registering a marginal recovery over the weekend.

Polkadot, the interoperable blockchain, remains one of the largest and most popular networks in the top 20. At press time, DOT, the platform's native currency, is 14th, ahead of Tron and the NEAR Protocol.