Polkadot [DOT] Sprints Towards $50 After Hitting New ATH

Polkadot [DOT] Sprints Towards $50 After Hitting New ATH

The entire crypto market was painted in green. Polkadot [DOT], Ethereum [ETH], Uniswap [UNI] along several other coins were seen in high spirits after achieving an all-time high. While all of these assets were aiming for the stars, Bitcoin [BTC] was stuck at $59K. The king coin experienced no major changes in its price over the last couple of days which caused the price of the asset to swing within $59K. The king coin’s dominance dropped down to 56.8% as the altcoins emerged.

Over the last few weeks, Cardano [ADA] exhibited a noteworthy change in its price as well as market cap. The asset even climbed up to the third position on the crypto ladder. However, the altcoin was recently overhauled by Polkadot [DOT]. At the time of writing, DOT was ranked fourth on CoinMarketCap’s list. The altcoin’s market cap was noted at a high of $42.38 billion while its price was at $45.08. The asset was seen recording a 16.66% surge over the last 24-hours while its seven-day gains were at a high of 40%.

Polkadot [DOT] One-Day Price Chart On Binance

Polkadot
Polkadot [DOT] Sprints Towards $50 After Hitting New ATH 1

The one-day price chart of the altcoin announced that it wasn’t very far off from hitting a new all-time high. The Parabolic SAR indicator formed a strong line of support below the candlesticks barring sudden drops in the price of DOT. The MACD indicator formed a bullish crossover as the signal line had finally slumped below the MACD line.

The Chaikin Money Flow Index indicator was up in the bullish arena in sync with the other indicators. The altcoin recently hit an all-time high of $46 and the persistence of this bullish notion could push the coin to a high of $50.

Polkadot [DOT] One-Day Price Chart On Binance

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Polkadot [DOT] Sprints Towards $50 After Hitting New ATH 2

Strong buyers’ sentiment was noted in both the Relative Strength Index as well as the Money Flow indicator on DOT’s one-day price chart.

Published at Sat, 03 Apr 2021 15:03:47 +0000

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