The crypto market sentiment was ambiguous as the bulls and the bears were fighting for a spot. While coins like Polkadot [DOT] and Uniswap [UNI] were harboring the bears, Cardano [ADA], Bitcoin [BTC], and several others had bulls hibernating in their markets. Bitcoin, the largest cryptocurrency had reported a setback after recording a new all-time high. Despite this, the king coin dominated the market by 60% with its price at $55,833, during press time. Almost all the assets had laid out lines of resistance which made it harder for them to surge.
Being new to the crypto-verse did not hold Polkadot [DOT] from garnering profits. The coin astounded the community with its fast-paced journey towards the top of the crypto ladder. Despite a fall, the altcoin managed to stay in the top ten with its market cap at $33.02 billion. At the time of writing, DOT was trading for $33.97 with a 1.51% drop in the last 24-hours. The previous seven days did not seem very beneficial for the altcoin either as it incurred losses up to 5.65%.
Polkadot [DOT] One-Hour Price Chart On Binance
The bulls on the short-term price chart of DOT revealed that the coin would be witnessing a rise in its price. With the formation of a support line below the candlesticks, the Parabolic SAR indicator depleted the chances of a downward breakout. The MACD line remained above the signal line indicating a bullish crossover.
Additionally, the Relative Strength Index indicator was up by the buyers’ zone.
Polkadot [DOT] One-Day Price Chart On Binance
The one-day price chart of DOT was noted providing shelter for the bears. The Chaikin Money Flow indicator was over zero exerting a bullish momentum. However, the Awesome Oscillator indicator formed red closing bars announcing the presence of the bears in the DOT market. The Money Flow Index indicator exhibited a sellers’ sentiment as the marker was down below the 40 median.