Polkadot [DOT] as well as Chainlink [LINK] had only recently entered the crypto-verse. However, these assets did not hold back from making it to the top. Both LINK and DOT had surged exponentially throughout this crypto rally. Bitcoin [BTC] had fallen back and was seen at $45,308, during press time. Ethereum’s price change over the last couple of days urged the community to speculate the chances of ETH hitting $2K. But, ETH staggered at $1,769 and did not move ahead.
The overall crypto market cap had also taken a hit. At press time, the market cap of the crypto industry was at $1.38 trillion with BTC accounting for about $839 billion.
During press time, DOT was trading for a high of $25.11 with a 4% surge in the last 24-hours. Just a while ago, DOT hit an all time high of $25.58. The market cap of the altcoin was sitting at $22.8 billion which was quite close to XRP. This further suggested that DOT could potentially flip XRP in terms of market cap once again.
Polkadot [DOT] One-Hour Price Chart
The short term price chart of DOT revealed that the bulls had infiltrated the DOT market. The Parabolic SAR indicator formed a barrier for any sudden changes in the asset’s price in the downward direction. The 50 daily moving average was over the 100 daily moving average which was a bullish crossover.
Polkadot [DOT] Price Chart With Key Indicators
The Bollinger Bands indicator was seen diverging which pointed out a possible increase in the volatility of the altcoin. The Chaikin Money Flow indicator recommended that this surge in volatility could aid the coin’s journey to $30. The CMF marker was all the way above zero which was considered to be bullish. The Relative Strength Index indicator announced that a buyers’ notion was in the DOT market.
As all the signs were pointing at the bulls, Polkadot could finally hit an all-time high of $30, very soon.