Polkadot price increased by 8.11% over the past 24 hours.
|24-hr||7-Day||30-Day||1-Year||Mkt Cap.||24-hr Vol.|
|8.11%||-1.37%||-4.54%||-67.45%||7.15 bn||0.35 bn|
Polkadot (DOTUSDT) price over 7 days dropped -1.37% to 5.92. At time of writing, Polkadot has increased by 8.11% over the past 24 hours. For the record, DOTUSDT is -89.28% below all-time high of 54.98.
On the daily timeframe, our analysis is that there is bullish momentum and price could continue to go higher.
Over the last 30 days, DOT is down by -4.54% while 12-month period is down by -67.45%.
What can we expect from Polkadot today?
Looking ahead on Monday, immediate upside resistance level at 6.18 (R1) while on the downside, we are looking at daily low of 5.36 as an important support. Break below this level could weaken the current bullish momentum.
Key levels to watch out:
Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology.Polkadot is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network. Even non-blockchain systems or data structures can become parachains if they fulfill a set of criteria.Polkadot may be considered equivalent to a set of independent chains (e.g. a set containing Ethereum, Ethereum Classic, Namecoin and Bitcoin) except with important additions: pooled security and trust-free interchain transactability.Many of the native parachains of Polkadot will be written using a Polkadot Runtime Environment SDK (e.g. Parity Technologies’ Substrate).
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