DOT Maintains a Bullish Trend at $6.79
Polkadot price analysis shows that prices are still in a bullish trend, and a breakout may occur in the near term. In addition, the Polkadot market analysis indicates that the market has increased trading volume and capitalization.
The DOT/USD pair is trading in a bullish trend and may break out of the $7.0 resistance level. Therefore, the market sentiment remains positive, and the prices may rise further in the near term. However, the next level of price resistance is at $7.2, which tends to occur in the near term.
As Polkadot prices are above their 50-period EMA and near their 200-period EMA, they indicate the path of least resistance is upward. In addition, indicators such as the RSI, MACD, and Bollinger bands are all rising, which indicates some volatility soon.
Polkadot prices are in a bullish trend and will continue to rise further in the near term.
