Polkadot price decreased by -0.29% over the past 24 hours.

DOT Analysis

Overall Performance
24-hr7-Day30-Day1-YearMkt Cap.24-hr Vol.
-0.29%12.35%50.32%94.89%14.07 bn0.46 bn

Polkadot (DOTUSDT) price over 7 days gained 12.35% to 10.52 for the week ending 2024-03-10. For the record, DOTUSDT is -80.86% below all-time high of 54.98.

Over the last 30 days, DOT is up by 50.32% while 12-month period is up by 94.89%.

For the week, our technical outlook seems stronger towards the upside as Polkadot is up over the last 7 days.

What can we expect from Polkadot today?

At time of writing, however, Polkadot has decreased by -0.29% over the past 24 hours. Our daily analysis is that the price action looks mixed.

Looking ahead for the day, immediate support level is at 10.30 (S1) with break below could see further selling pressure towards 10.08 (S2). As the current momentum is stalling, we prefer to look at firm break of the recent daily high of 10.95 as a possible indicator of buying interest. Break above could target 11.17. Rejection from the resistance level could suggest price consolidation.

Key levels to watch out:

R311.38
R211.17
R110.84
Daily Pivot10.63
S110.30
S210.08
S39.76

About Polkadot

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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