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DOT’s Optimistic Trend Strives to Break $5.26 Resistance Level

Published 2023-01-13, 05:35 a/m
© Reuters. DOT’s Optimistic Trend Strives to Break $5.26 Resistance Level

Coin Edition -

  • The Polkadot market sees a reversal of its recent downswing as bulls seize control.

  • As the market finds stability around $5.04, bears give up.

  • If buyers keep pressing, the resistance level will be breached.

Bulls have been in charge of trading on the Polkadot (DOT) market all day. After the buyers hit a wall at $5.26, the sellers stepped in and drove the price down to a session low of $5.04. However, bulls have pushed the price up to $5.22, a 1.80% increase, as of publication, canceling out the bear trend.

This surge was supported by increases in market capitalization and 24-hour trading volume of 1.85% to $6,028,023,147 and 11.63% to $193,671,476, respectively. This increase indicates that interest in the DOT market is growing, implying that a further bull run is on the way.

The post DOT’s Optimistic Trend Strives to Break $5.26 Resistance Level appeared first on Coin Edition.

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