Bitcoin Reclaims $68K Level, Dogecoin and Polkadot Register Impressive Gains (Market Watch)
DOGE's surge came after another interaction by Elon Musk.
Keep up with what's happening in the crypto world in real-time.
DOGE's surge came after another interaction by Elon Musk.
Bitcoin (BTC) maintains its position above $67,000 despite a brief dip to the $65,000 range during the week. BTC currently trades around the $67,000 level, and major altcoins, such as Ethereum, Solana, Ripple, Polkadot, and Dogecoins, have experienced volatile trading weeks.
Polkadot (DOT) registered a significant decline in recent days, erasing all the gains it had made the previous week. DOT dropped to $4 on Friday but recovered to trade in the $4.10 range.
Here's why DOT's fall might come to a halt soon.
Polkadot (DOT) registered a significant decline in recent days and lost all gains of the previous week. Bearish sentiment overwhelmed the market, resulting in a substantial drop in the altcoin's price.
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Polkadot (DOT) is down almost 92% from its all-time high. However, the layer zero blockchain network may still bounce back as its market cap is standing at over $5 billion, at the time of writing.
DOT rally is incoming as metric suggests
Polkadot (DOT) continued declining this week, shedding over 3% in the past 24 hours, as selling pressure continues to weigh down its price.
Polkadot (DOT), one of the major cryptocurrencies in the market, is attracting attention after breaking out of a falling wedge pattern, which is often seen as a bullish signal. With its current price hovering around $4.49, the key question is whether DOT can push through the critical $5 resistance level.
Polkadot (DOT) has registered a substantial decline over the past 24 hours, with the price down by almost 3.50% and back under $4.50. It is currently trading at $4.41.
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Polkadot's falling wedge breakout could lead to a bullish phase, with $5 in focus.
Bitcoin (BTC) registered its best week in over a month, with its price up almost 8% as the world's largest cryptocurrency edges towards the $70,000 mark. BTC is currently trading just under $69,000 and has been up almost 1% in the past 24 hours.
Polkadot ($DOT) has recovered to move past $4.50, gaining over 3% during the current session. $DOT is coming off a bullish week, pushing above the 20 and 50-day SMAs.
Polkadot (DOT) is currently attracting attention within the cryptocurrency market as it exhibits characteristics similar to its historic performance in 2020. Following a period of accumulation and positive sentiment, DOT is showing signs of a potential rally, prompting traders to consider its future trajectory.
Polkadot (DOT) has made a substantial recovery over the past couple of sessions, having pushed above the 20 and 50-day SMAs. It is currently trading around the $4.40 mark.
Polkadot (DOT) is currently navigating a tricky phase, with recent market trends suggesting a short-term setback for the cryptocurrency. After a slight decline, traders seem to be holding out for more favorable conditions before re-entering the market.
Polkadot's positive sentiment leaves analysts eyeing another DOT rally after accumulation.
Polkadot (DOT) has made a modest recovery during the ongoing session and is currently up by almost 1.50% as it looks to push above the moving averages and chart a path back to $4.50.
DOT will likely decline as investors wait for more favorable conditions before re-entering the market.
Polkadot (DOT) continues to decline during the current session and has slipped below the 20 and 50-day SMAs. The price has been down by just over 3% in the past 24 hours and is currently trading around $4.21.
Polkadot (DOT) has seen a remarkable resurgence in the cryptocurrency market over the past week, prompting many analysts and investors to speculate about its future trajectory. After reaching a low of $3.90, DOT has rallied impressively, experiencing a surge of 12.82% recently.
Polkadot (DOT) stalled at $4.50 yet again, falling back in the red during the ongoing session. DOT is currently down by almost 4%, although it is up by almost 6% if we look at the previous 7 days.