The market was slowly turning green and Polkadot [DOT] was leading this trend. The altcoins were back in the game. However, the meme coins that had been making immense noise over the last couple days were seen taking a breather. Both, Shiba Inu [SHIB] as well as Dogecoin [DOGE] were painted red while most the asset were busy amassing profits.
Bitcoin [BTC] didn’t shy away this time. The king coin was witnessing a dainty surge which further pushed it on to $63K. Ethereum [ETH] was residing in the $4K zone and didn’t want to be disturbed.
Cardano [ADA] and Solana [SOL] were also in the red zone. However, they were trying to flip over this notion and move on towards the greener side.
Polkadot [DOT] hits new ATH
Polkadot [DOT] was the star of the market. The parachain auctions seemed to be paying off considering the altcoin’s 15% daily surge. Not only did this push aid in accelerating the asset over $50 but it also helped DOT secure a new all-time high of $53.25.
At the time of writing, Polkadot was experiencing a slight correction as it was trading at $52.25. Over the past couple of days, the asset garnered profits up to 18.87%,
With regard to its market cap, DOT maintained its stronghold on the eighth position. The market cap of DOT was noted at $51.6 billion. While SHIB was just behind DOT, the chances of the former flipping the latter were still bleak.
Polkadot [DOT] one-hour price chart on Binance
The bulls were in DOT’s court and ready to play. The Awesome Oscillator indicator used in the one-hour price chart of Polkadot laid out green closing bars, further announcing the presence of the bull. This was followed by the MACD indicator as it went ahead and formed a bullish crossover. Earlier today the MACD line changed the notion of the market by rising over the signal line.
DOT was being overtly purchased. The Relative Strenbgth Index indicator said so as the RSI marker was at a high of 69 median.