Polkadot Price Analysis: DOT establishes a higher low, set to break the $30 mark next?

TL;DR Breakdown Polkadot price analysis is bullish for today.DOT/USD set another higher low yesterday.Bulls started to push DOT higher overnight. Polkadot price analysis is bullish for today as the market has set another higher low after a retracement from the $29 high. Therefore, we expect DOT/USD to continue gaining ground and target the $30 mark next. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded bullish during the last 24 hours. Bitcoin is up by 2.58 percent, while Ethereum is up by 3.11 percent. Binance Coin (BNB) is currently the top performer, with a gain of 9 percent. Polkadot price movement in the last 24 hours: Polkadot sets another higher low around $27 DOT/USD traded in a range of $26.61 – $28.64, indicating mild volatility over the last 24 hours. Trading volume has increased by 4.89 percent and totals $1.92 billion. Meanwhile, the total market capitalization trades around $27.67 billion, ranking the cryptocurrency in 8th place overall. DOT/USD 4-hour chart: DOT set to breach $30 next? On the 4-hour chart, the Polkadot price action starts to rally again as bulls target the $30 mark next. DOT/USD 4-hour chart. Source: TradingView Polkadot price action has increased by more than 170 percent from the last swing low of $10.5, set on the 20th of July. Last week, DOT/USD rallied past the previous significant swing high at $28.5, indicating a change in market structure. However, bull...