COINPEDIA

DOT price deviates from a parallel channel, possible surge

KRAKEN:DOTUSD   Polkadot / U. S. Dollar
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Previously, the price dipped severely and fell near $19. Subsequently, Polkadot soared in no time and reached $23. When it was approaching a new yearly high, the price collapsed and got chucked into the bearish trap. However, it was seen moving in a narrow parallel range. But currently the range was disrupted and DOT price is seeing a breakthrough. DOT has pushed off the setbacks and approaches towards a new high. Now seen at $25.5, the price may climb further near $28, in coming hours. Selling pressure adheres and RSI skyrockets beyond 70.

Resistance level marks at $ 24.0
Support level strikes at $22.17

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