- Polkadot coin price performs in a positive momentum on Thursday’s trading session
- Polkadot coin price is $16.52, which is up by 8.18% in last the 24 hours and 45.88% up from the previous week
- DOT/BTC pair also performs positive with a gain of 0.60% in Thursday’s trading session (0.00050922)
Polkadot coin price was positive momentum on the weekly chart and went up to $19.32 on January 16, 2021, by breaking above the resistance zones created in the past. DOT price set up a mark of all-time high with the help of overall market conditions. The DOT/BTC pair is in an uptrend with a value of 0.60% in Tuesday’s trading session (0.00050922).
Polkadot Technical Chart Indicates Bullish Behaviour
The technical chart of Polkadot coin price highlights a positive trend with the help of overall market conditions on Thursday’s trading session. The price is currently sitting at $16.52, with a resistance zone of $18.24, following the support zone of $14.77 on the intraday chart. On diving into the weekly chart of a 1-hour time frame, it forms a three outside up candlestick pattern, indicating the bulls have overwhelmed the bears and are now in control.
The Volume indicator of value (500.661K) reflects a selling volume in the coin due to the overall market’s condition. We can further see a decrease in selling volume in the next few trading sessions.
MACD indicator (Bearish), no bullish crossover signal line is spotted on January 21, 2021, during the trading session. One can observe both the lines head close to each other and soon may form a bullish crossover. It indicates a sell signal in the coin and also denotes decreasing red bars in the Histogram.
Meanwhile, the RSI indicator (Bullish) with a value of 52 indicates a buy signal in the coin. It may soon move towards the overbought zone if heavy buying starts again in the coin.
Polkadot coin price is down by 8.18% on Thursday’s trading session. The price may soon move towards the resistance level of $18.24. If it sustains above the resistance, one can further expect a bullish trend in the coin.