Cryptopolitan
2021-08-20 10:14:43

Polkadot Price Analysis: DOT retests previous swing high at $27.4, set for a swift breakout?

TL;DR Breakdown Polkadot price analysis is bullish for today.DOT/USD rallied to previous high overnight.DOT is set to reach the $30 mark in case of a breakout. Polkadot price analysis is bullish for today as the market started to rally yesterday after consolidating above the $23 earlier this week. Since DOT/USD has approached the previous swing high earlier today, we will likely see a breakout later today, with the next upside target at the $30 mark. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the green over the last 24 hours, with the market leaders, Bitcoin and Ethereum, up by 6.26 and 7.36 percent, respectively. Cardano (ADA) is still the best performer, with a gain of 20 percent. Polkadot price movement in the last 24 hours: Polkadot rallied to the previous high DOT/USD traded in a range of $23.48 – $27.07, indicating a moderate amount of volatility over the last 24 hours. Trading volume has increased by 17.24 percent and totals $2.3 billion, while the total market capitalization trades around $26.33 billion, ranking the coin in 9th place overall. DOT/USD 4-hour chart: DOT looks to break $27.4 swing high? On the 4-hour chart, we can see the Polkadot price approaching the previous high as bulls want to set another higher high. DOT/USD 4-hour chart. Source: TradingView Polkadot price action has traded with a strong bullish momentum over the past month. After setting a new swing low...

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