POLKADOT Price Analysis 10-5: DOT Inches Towards $4.50
Polkadot (DOT) ended Friday with an increase of 1.45%, pushing it to $4.19, as it looks to recover after falling to a low of $3.99 on Thursday.
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Polkadot (DOT) ended Friday with an increase of 1.45%, pushing it to $4.19, as it looks to recover after falling to a low of $3.99 on Thursday.
Polkadot (DOT) has been navigating through turbulent market conditions, with its price recently dropping to $4.04, marking a significant decline of over 14% in just three days. As several altcoins struggle to maintain their recent gains amid rising geopolitical tensions, analysts are starting to see signals that could point to a potential bullish reversal for Polkadot.
Polkadot (DOT) is up over 1% in the past 24 hours, rebounding after dropping to a day low of $3.99 on Thursday. In the current session, DOT is up by 0.50% and trading around the $4.15 level.
Analysts predict Polkadot is ready for a major bullish reversal, with strong patterns indicating imminent upward momentum.
Polkadot (DOT) has shown significant efforts to leave a descending channel that connects lower and lower highs.
Polkadot (DOT) has been in the red since the weekend, with the altcoin having given up all the gains made since its September 18 recovery.
Despite recent market turmoil, DOT is showing considerable potential for an upward trend.
Polkadot (DOT) has been down almost 8% over the past 24 hours as escalating tensions in the Middle East have led to the crypto market crashing, with investors flocking to safe-haven assets.
Polkadot (DOT) saw a substantial drop on Monday as overall market sentiment and DOT's recent bearish trajectory saw it begin the week with a decline of almost 7%.
Polkadot's price is at a critical point—will it hold above $4.5 and continue its upward momentum, or face a deeper pullback?
Bitcoin (BTC) dipped below the $65,000 level early today after registering a drop of almost 2.50% over the past 24 hours and is currently trading just below the $65,000 mark. Spot Bitcoin ETFs also registered a surge in inflows, attracting around $449 million, fueling even further demand as speculation about a rate cut and soft US landing bets.
Polkadot ($DOT) trades in the red after a very bullish week. $DOT made an excellent run to reach the crucial $5 level, but its progress has stalled.
Polkadot (DOT) fell back in the red during the ongoing session, as it failed to push above $5 yet again, as selling pressure yanked the price down.
Polkadot experiences a price rebound driven by technical breakouts, suggesting potential for further gains.
Following a long six-month corrective phase, Polkadot (DOT) is attracting interest once more; some analysts think the token might be about to undergo a major bullish reversal. Among these, a market analyst referred to as “Worlds of Charts” notes that there has been an emerging pattern of a falling wedge at times interpreted as a sign of an imminent upward break.
Polkadot (DOT) has continued its upward trajectory as it inches towards a critical resistance level at $5. A breakout above this level could spark a major rally for the cryptocurrency, which has been in a downward trend for almost six months.
Polkadot, a key player in the blockchain space, has made headlines this week with its substantial investment in the Token2049 event held in Singapore. The platform's treasury reportedly spent over $387,000 to secure its status as a Platinum Sponsor, yet the anticipated boost in the value of its native token, DOT, has been minimal.
Polkadot (DOT) resumed its push toward $5 after facing considerable volatility and selling pressure on Wednesday. DOT is up almost 14% in a remarkable turnaround since dropping to a low of $3.98 last Wednesday.
Polkadot continues to spend on marketing, with little impact on fees, user count, or the DOT market price. Approved proposals are drawing from the Polkadot treasury, and critics argue that the project is overspending.
Polkadot (DOT) broke above the $4.50 level, which had been acting as a strong resistance after an impressive increase of 4.04% on Tuesday.
Polkadot (DOT) recently made some headlines after opening up its marketing budget and dividing opinions in the cryptocurrency market. The Web3 project continues to bet on spending transparency, now revealing a nearly $400,000 budget for Token2049 in Singapore.
Polkadot experienced increased market favorability over the past month. Over the past seven days, DOT has surged by 7.07%.
Bitcoin (BTC) surged past $64,000 on Monday, rising to a high of $64,400 before dropping to its current levels. The world's largest cryptocurrency has been up over 8% during the past seven days as it continues its rally following the 50 bps rate cut by the Federal Reserve.
Polkadot (DOT) needs help at spot rates. When writing, DOT is still trading below $4.5 despite the broader recovery.