The crypto-verse has all eyes on it after Bitcoin [BTC], Ethereum [ETH], Binance Coin [BNB] as well as Polkadot [DOT] reached new peaks. XRP has been recording huge losses after an array of cryptocurrency exchanges bid adieu to the asset. While its tiff with the SEC prolongs, XRP was trading below $0.20 throughout the day. Bitcoin seems to be headed towards the moon as the king coin was moving unstoppably. With a few brief setbacks, Bitcoin seems to be heading towards $30K. The crypto market was painted in both red and green. As some coins were witnessing corrections, a few others were trying to hit new highs.
At the time of writing, the price of Polkadot [DOT] was noted at $7.21 and wasn’t far off from its all-time high of $7.65 that DOT hit earlier today. The altcoin was seen surging by over 11.24% in the last 24-hour. DOT has seen bagging gains of over 46.12% in the last seven days.
Polkadot [DOT] One Hour Price Chart
DOT had immensely high trading volume earlier today as seen in its one-hour price chart. The bulls seemed to have left behind a few traces as the daily moving average revealed a bullish sentiment in the DOT market. The 50 daily moving average [Blue] was seen lounging above the 100 daily moving average [Red] and is labeled as a bullish crossover.
Earlier today, DOT had managed to speed past a prominent line of resistance at $6.8. The coin prolonged its journey and hit an all-time high of $7.65.
Polkadot [DOT] Price Chart With Indicators
The Bollinger Bands indicator was hinting at a decrease in volatility as the bands were seen diverging after staying apart for a while now. The Stochastic RSI indicator pointed out that the marker was in the oversold zone, which further revealed strong sellers’ sentiment. MACD indicator revealed that DOT was going to take a little rest from its trek uphill as signal line took over the MACD line, indicating the presence of bears in the market.