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Polkadot Price Analysis: DOT still consolidates above $27, ready to target $30 next?

Polkadot Price Analysis: DOT still consolidates above $27, ready to target $30 next?


Cryptopolitan
2021-08-24 10:53:02
Polkadot Price Analysis: DOT still consolidates above $27, ready to target $30 next?

TL;DR Breakdown Polkadot price analysis is bullish for today.DOT/USD consolidates above $27 over the weekend.DOT prepares targets the $30 mark next? Polkadot price analysis is bullish today as the market continued to consolidate in an increasingly tighter range above the $27 mark over the last 24 hours. Therefore, we expect DOT/USD to rally to the $30 mark next. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with a slight loss over the last 24 hours. Bitcoin has lost 1.71 percent, while Ethereum 0.49 percent. Meanwhile, Solana (SOL) is among the best performers, with a gain of 8.35 percent. Polkadot price movement in the last 24 hours: Polkadot still holds above $27 DOT/USD traded in a range of $27.15 – $28.24, indicating mild volatility. Trading volume has decreased 24.76 percent as the market has calmed down and totals $1.45 billion. Meanwhile, the total market capitalization trades around $27.11 billion, ranking the coin in 8th place overall. DOT/USD 4-hour chart: DOT ready to break the $30 mark next? On the 4-hour chart, we can see the Polkadot price has established a consolidation, which will serve as a base from which to move to the $30 mark later this week. DOT/USD 4-hour chart. Source: TradingView The Polkadot price action continues to trade in a very strong bullish momentum. After setting a major swing low of around $10.5 on the 20th of July, DOT/USD started to rally and broke pas...

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