Polkadot price forecast: DOT/USD will rise in the next 24 hours

Polkadot’s price research shows that the Relative Strength Index (RSI) is currently at 61.8, indicating that the market is bullish. The MACD is likewise in the positive zone, with the signal line currently above it. The moving averages are all trending up, which is a bullish indicator. The 24-hour DOT/USD chart suggests that the bulls have reclaimed control and want to push prices higher in the next days.

Price analysis of polka dots on a 4-hour price chart: At $8.46, DOT is facing opposition.

The 4-hour DOT/USD chart shows that the bulls have retaken control and are currently pushing prices towards the $8.46 barrier level; however, above this level, the $8.60 and $8.70 levels may act as significant resistance levels. On the downside, support may be found at $7.82.

The market is currently bullish, as demonstrated by the RSI, which is currently trading at 60.0, in the positive zone. The MACD line (blue) is currently higher than the signal line (red), indicating a positive trend. The 4-hour chart’s moving average is currently at $8.04, indicating a bullish trend.

Conclusion of the Polkadot Price Analysis

Polkadot price analysis indicates that the market is now positive, and we anticipate that the DOT/USD pair will resume its ascent and target the $9.00 level. Traders can attempt to buy DOT on falls towards $8.00, with a stop loss below $7.82. The goal price for this trade is $9.00. The daily and hourly charts reveal that the bulls have retaken control and are pushing prices upward. On the overall chart, the technical indicators are currently positive.