Polkadot Price Analysis: DOT Back Above $4 After Latest Plunge
Polkadot (DOT) has climbed back above $4 after dipping below the crucial support level on Friday when sellers dragged the price to a low of $3.82.
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Polkadot (DOT) has climbed back above $4 after dipping below the crucial support level on Friday when sellers dragged the price to a low of $3.82.
As a result, almost all major US stock indices slipped into the red. Bitcoin (BTC) dropped nearly 4% over the past 24 hours, while gold registered a 1% increase to push back above the $2,500 mark.
Polkadot (DOT), one of the major players in the cryptocurrency market, is currently under significant bearish pressure. The digital asset has been locked in a prolonged downtrend, and recent price movements suggest that the bears are in full control.
Polkadot announces its participation in the Token 2049 event in Singapore, where it will showcase the latest technological advancements and developments in the Polkadot ecosystem.
Polkadot (DOT) is struggling to stay above $4 after it fell back into the red on Tuesday, with buyers losing steam as the price approached $4.50.
Polkadot (DOT) faces strong bearish pressure, but a bounce from the $3.79 support could spark a much-needed recovery.
Polkadot (DOT) has experienced significant volatility this year, with its price fluctuating from a high of $11.889 to its current struggle near the $4.00 mark. As the cryptocurrency hovers around a crucial support level, market participants are increasingly concerned about the possibility of DOT falling below its historical low of $2.00.
Polkadot (DOT) has been experiencing a tough period, struggling to maintain its value against the US Dollar. The cryptocurrency, which once traded comfortably above $6.50, has now sunk below the critical $5.00 level, leaving investors and traders questioning whether DOT can establish a base for recovery or if further declines are imminent.
Cardano (ADA), one of the largest proof-of-stake (PoS) blockchains, succesfully activated the Chang network upgrade. It facilitated the network's transition to self-governance and advanced its performance.
Polkadot gained 2.6% while Hedera rose 2.4%, helping push the index higher.
Bitcoin (BTC) has climbed back above $59,000 during the ongoing session, reaching a high of $59,764 and registering an increase of almost 3% over the past 24 hours.
Polkadot (DOT) is struggling below $5.00 against the US Dollar. The price must settle above the $4.35 and $4.50 resistance levels to start a decent increase.
After starting the year on a high note, trading as high as $11.889, DOT has once again entered a period of difficulty.
Major cryptocurrencies are starting the new week in the red, with Bitcoin (BTC) tumbling below $58,000 and Ethereum (ETH) slipping below $2,500 once again. The overall crypto market cap also registered a drop of 1.91%, leaving it just above the $2 trillion mark.
Polkadot ($DOT) is again facing significant bearish pressure after its promising push to reclaim the $5 mark the previous week halted.
Lionel Messi and the other Inter Miami players will wear Polkadot's logo on their training apparel.
Polkadot (DOT) tested its support level on Friday after spending almost all week in the red. However, DOT was able to bounce off its support level as it continues to find buyers around the $4.20 price level.
Bitcoin (BTC) is struggling to reclaim the $60,000 price level after attempting a recovery but losing steam. BTC climbed to $61,120 late on Thursday, but sellers were able to drag the price back down to the $59,000 level.
Polkadot has become the lead sponsor of Inter Miami's training kit. The blockchain project's branding will also appear on the club's home stadium and social media channels.
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Polkadot (DOT) has seen a notable price surge today, climbing 3.3% following the announcement of a high-profile partnership with Inter Miami CF, the football club co-owned by David Beckham.
Price analysis showed that DOT could be forming a short-term bottom. Yet, the $4.22 level might be broken, at least briefly.
Blockchain network Polkadot will now feature its logo on the football icon Lionel Messi's training kit as part of a partnership with United States-based football club Inter Miami. According to a press release shared with crypto.
Bitcoin briefly fell below $58,000 late on Wednesday, dipping to a low of $57,974 before recovering. Since then, price action has been relatively muted, with Bitcoin (BTC) trading just above the $59,000 price level, down 0.80% in the past 24 hours.