Are DOT Price Bulls Regaining Their Strength?
Polkadot has a market cap of $9.6 Billion and is ranked 14th in the cryptoverse. The volume of the DOT has observed a slight decline while its VM ratio suggests a consolidated trend. DOT price is currently near the value of $6.63 with a gain of 3.34% in the intraday session.
DOT price is currently in a consolidating range and forming bearish patterns on the daily chart. It is currently trading below the 50 and 100 EMA which can act as a resistance for the price. The upside trend of the DOT token price can see a halt near the value of $7.6. Meanwhile the support of the asset price can be observed near $6
The RSI of DOT is currently near 43 with a small positive slope. The overall sentiment of the RSI is bearish in nature.
DOT price is currently in a consolidating range and forming bearish patterns on the daily chart. It is currently trading below the 50 and 100 EMA which can act as a resistance for the price. The upside trend of the DOT token price can see a halt near the value of $7.6. Meanwhile the support of the asset price can be observed near $6
The RSI of DOT is currently near 43 with a small positive slope. The overall sentiment of the RSI is bearish in nature.
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