A Solid Technical Foundation<\/strong><\/h2>\nWith Polkadot<\/a> effectively retesting its past resistance levels now serving as support, Crypto Yappers’s study reveals a crucial breaking from a consolidation pattern.<\/span> DOT is now showing a great retest after straying from its consolidation trend.
\n<\/span><\/p>\nCrypto Yappers claims that the previous opposition has evolved to support, so creating the path for more expensive prices. Often considered as a forerunner of significant price hikes, this technical configuration indicates Polkadot’s position for a positive run.<\/span>
\n<\/span><\/p>\n\n$DOT<\/a> Perfect Retest ! \ud83d\udcc8<\/p>\nAfter breaking bullish out of the consolidation pattern, we are now seeing a beautiful retest.<\/p>\n
The previous resistance is turned into support and #DOT<\/a> can now aim for higher prices.<\/p>\nI expect #Polkadot<\/a> to be trading around the $10 soon ! pic.twitter.com\/7VBewIyVNk<\/a><\/p>\n\u2014 Crypto Yapper (@CryptoYapper) May 26, 2024<\/a><\/p><\/blockquote>\nPolkadot’s posture above the 200-day simple moving average (SMA), a fundamental technical indicator used to evaluate an asset’s long-term trend, further supports this positive view. Trading over the 200-day SMA usually indicates a consistent upswing, therefore boosting investor confidence and helping forecasts of ongoing development.<\/span>
\n<\/span><\/p>\n![\"\"](\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_cdcb2b.png?resize=1024%2C563\")
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Impressive Metrics<\/strong><\/h2>\nPolkadot’s remarkable market performance shows in its considerable trading volume and market capitalisation. DOT boasts a market capitalisation of $7.35 billion and witnessed a trading volume of $454 million during the past 24 hours. These numbers highlight the great liquidity of cryptocurrencies, which is essential for allowing big transactions without generating significant price movements.<\/span>
\n<\/span><\/p>\n![\"\"](\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_2e16a7.png?resize=609%2C92\")
DOT showing bullish signs. Source: Changelly<\/figcaption><\/figure>\nPolkadot’s price performance over the past year has also been rather optimistic\u2014a 35% rise marks Especially when the token trades above its token sale price, this upward trend is noteworthy and offers early investors large returns.<\/span> Such performance indicators are probably going to draw in long-term users and new purchasers, so increasing demand and price growth.
\n<\/span><\/p>\n![](\"https:\/\/www.tradingview.com\/x\/fGFAbAbN\/\")
Polkadot is currently trading at $7.39. Chart: TradingView<\/a><\/figcaption><\/figure>\nInvestor Sentiment: A Greedy Market<\/strong><\/h3>\n
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Crypto Yappers claims that the previous opposition has evolved to support, so creating the path for more expensive prices. Often considered as a forerunner of significant price hikes, this technical configuration indicates Polkadot’s position for a positive run.<\/span> $DOT<\/a> Perfect Retest ! \ud83d\udcc8<\/p>\n After breaking bullish out of the consolidation pattern, we are now seeing a beautiful retest.<\/p>\n The previous resistance is turned into support and #DOT<\/a> can now aim for higher prices.<\/p>\n I expect #Polkadot<\/a> to be trading around the $10 soon ! pic.twitter.com\/7VBewIyVNk<\/a><\/p>\n \u2014 Crypto Yapper (@CryptoYapper) May 26, 2024<\/a><\/p><\/blockquote>\n Polkadot’s posture above the 200-day simple moving average (SMA), a fundamental technical indicator used to evaluate an asset’s long-term trend, further supports this positive view. Trading over the 200-day SMA usually indicates a consistent upswing, therefore boosting investor confidence and helping forecasts of ongoing development.<\/span> Polkadot’s remarkable market performance shows in its considerable trading volume and market capitalisation. DOT boasts a market capitalisation of $7.35 billion and witnessed a trading volume of $454 million during the past 24 hours. These numbers highlight the great liquidity of cryptocurrencies, which is essential for allowing big transactions without generating significant price movements.<\/span> Polkadot’s price performance over the past year has also been rather optimistic\u2014a 35% rise marks Especially when the token trades above its token sale price, this upward trend is noteworthy and offers early investors large returns.<\/span> Such performance indicators are probably going to draw in long-term users and new purchasers, so increasing demand and price growth.
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\n<\/span><\/p>\n<\/p>\nImpressive Metrics<\/strong><\/h2>\n
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\n<\/span><\/p>\nInvestor Sentiment: A Greedy Market<\/strong><\/h3>\n