{"id":634011,"date":"2024-08-08T18:00:15","date_gmt":"2024-08-08T18:00:15","guid":{"rendered":"https:\/\/ktsl888.com\/?p=634011"},"modified":"2024-08-08T18:00:26","modified_gmt":"2024-08-08T18:00:26","slug":"polkadot-dot-bulls-push-toward-4-8-resistance-breakout-ahead","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/polkadot-dot\/polkadot-dot-bulls-push-toward-4-8-resistance-breakout-ahead\/","title":{"rendered":"Polkadot (DOT) Bulls Push Toward $4.8 Resistance, Breakout Ahead?"},"content":{"rendered":"
Polkadot (DOT) has been gaining significant <\/span>bullish momentum<\/span><\/a>, with its price steadily approaching the critical resistance level of $4.8. This upward movement suggests a strong presence of positive sentiment in the <\/span>market<\/span><\/a>.\u00a0<\/span>As DOT nears this key resistance, speculations are about whether the bulls can maintain their dominance and drive the price higher. A successful <\/span>breakout<\/span><\/a> above $4.8 could signal the beginning of a new bullish phase, potentially leading to further gains. However, failure to break this level might result in a pullback.<\/span><\/p>\n This article analyzes DOT’s recent price action and its approach to the critical $4.8 resistance level. With the help of technical indicators, it will evaluate the significance of this resistance, assess market sentiment, and predict potential future movements, including the likelihood of a breakout.<\/span><\/p>\n DOT was trading at around $4.73 and has increased by over 3.58% with a market capitalization of over $6.9 billion and a trading volume of over $200 Million as of the time of writing. In the last 24 hours, the asset\u2019s market cap has increased by more than 3.61%, while its trading volume has increased by more than 7.46%<\/span><\/p>\n Currently, the price of DOT on the 4-hour chart has been on a bullish move following a rejection at the $3.5 support mark. It is now advancing toward the $4.8 resistance mark and the 100-day Simple Moving Average (SMA). Since breaching this <\/span>key resistance level<\/span><\/a>, the digital asset has shown a consistent upward trend, indicating that the bulls are gaining control and could drive the price even higher.<\/span><\/p>\nMarket Sentiment: Are Bulls In Control?<\/strong><\/h2>\n