• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Polkadot News

DOT Price Prediction: Polkadot hits historical ATH $46.85 as bulls continue with the onslaught

Robert Githinji by Robert Githinji
Apr 06, 2021 02:18 pm
in Polkadot News
4 min read
DOT Price Prediction
586
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

TL;DR Breakdown

  • DOT price prediction highlights Polkadot’s recent surge that catapulted it to a new all-time milestone.
  • DOT hits a new ATH after bypassing the resolute resistance level at $40.
  • The recent spike managed to reach $47 but failed to hit the coveted $50 mark.
  • Polkadot is poised to record a price correction before embarking on a new journey towards a new all-time high.

This week has been a good one for Polkadot as the digital currency managed to slice above the critical $40 mark. After bypassing this significant level, Polkadot experienced enormous buy orders from investors due to the speculation that it might rally further towards the $50 mark.

DOT Price Prediction: General price overview

Although DOT did not manage to hit the $50 mark, the crypto asset managed to record an all-time high at $47. At the time of writing, Polkadot is hovering around the $44 region amid the desire for higher support.

RelatedPosts

Polkadot price prediction: Polkadot retests $42 support, prepares to push towards $46

Polkadot price prediction: DOT rejected at $44.00 again, what’s next for the crypto?

Polkadot price prediction: Polkadot retest $42 as support, prepares to move to $46

Polkadot price prediction: Polkadot retraces to $38, set to move higher today

The recent price spike did not happen overnight as the rally gathered momentum during the Easter holiday. Polkadot was not the only digital asset to record impressive gains as several other cryptocurrencies such as Stellar and Ripple recorded upward movements. DOT pulled back to $40 following its rejection at the $47 mark on the flip side. Meanwhile, the crypto coin has already renewed its quest to bypass the $45 mark in the course of trading today.

Luckily for the digital currency, the current immediate resistance level gives it the chance to retest its all-time high around the $46 mark. At a glance, an upsurge price movement towards the $49 and $50 mark may limit the coin’s price movement. Polkadot’s Moving Average Convergence Divergence (MACD) recently recorded an impressive high at 2.6. At present, there is a correction ongoing, but the technical indicator appears to be leaning more towards the sideways trading movement according to the MACD analysis.

For example, the MACD’s blue line is hovering slightly below the signal line. The challenge at the moment is bypassing the signal line to reactivate another price surge. It is worth noting that the MACD usually moves in a horizontal motion, therefore we should expect a price consolidation before a bullish movement.

DOT price movement in the past 24 hours

DOT Price Prediction: Polkadot hits historical ATH $46.85 as bulls continue with the onslaught 1
Source: TradingView

According to DOT’s 24-hour chart, digital currency is enjoying a solid bullish momentum as its price has managed to break significant resistance levels to settle above the $40 mark. Interestingly, DOT’s positive price movement is accompanied by its trading volume surging considerably in the last 24-hours.

A price rally towards the coveted $50 region is improbable at this point, as key technical indicators show Polkadot should be in for sideways trading before any bullish outlook. It appears there is a strong likelyhood that once DOT bypasses the $47 mark, its price could consolidate between $48 and $50 regions.

DOT 4-hour chart

DOT Price Prediction: Polkadot hits historical ATH $46.85 as bulls continue with the onslaught 2
Source: TradingView

According to technical analysis on the 4-hour chart, if Polkadot fails to close above the $44 level, it risks plummeting towards the regions of $40. The $40 level will act as a vital support line for the digital asset in such a scenario. If the $40 support line fails to hold, investors should prepare themselves for a massive selling spree in the market. This will, in turn, further push its price downwards towards the $34 to $30 regions.

Conclusion

DOT’s fundamentals are strong, especially now that it is partnering with USDT, another stablecoin in the market. Additionally, Enjin recently raised more than $15 million to construct a blockchain network based on NFTs.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Robert Githinji

Robert Githinji

Robert is a crypto and blockchain pundit with a vast experience in deciphering crypto charts and deriving ideas. He has made the rounds of major crypto news outlets and joins the upbeat at Cryptopolitan team. Apart from dabbling with cryptomarket trends, he is an avid footballer and a coffee lover.

Related Posts

Polkadot Price Prediction 2021-04-16
Polkadot News

Polkadot price prediction: Polkadot retests $42 support, prepares to push towards $46

2021-04-16 10:17 am
Polkadot price
Polkadot News

Polkadot price prediction: DOT rejected at $44.00 again, what’s next for the crypto?

2021-04-15 08:49 am
Polkadot Price Prediction 2021-04-14
Polkadot News

Polkadot price prediction: Polkadot retest $42 as support, prepares to move to $46

2021-04-14 12:41 pm
Polkadot Price Prediction 2021-04-08
Polkadot News

Polkadot price prediction: Polkadot retraces to $38, set to move higher today

2021-04-08 08:47 am
DOT Price Prediction
Polkadot News

DOT Price Prediction: Polkadot might experience price correction before resuming 60% price surge

2021-04-05 14:30 pm
DOT Price Prediction
Polkadot News

DOT Price Prediction: Polkadot outshines other altcoins, soars 19% to record a new milestone

2021-04-03 14:15 pm

Follow Us

  • 51k Fans
  • 8.3k Followers

Popular News

  • Ripple price prediction XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    Ripple price prediction: XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    1305 shares
    Share 522 Tweet 326
  • DOGE Price Prediction: Dogecoin to the moon, to hit its $0.2 target after safeguarding support

    1268 shares
    Share 507 Tweet 317
  • Cardano price prediction: ADA fails to break above $1.50, what’s next?

    1192 shares
    Share 477 Tweet 298
  • XRP Price Prediction 2021, 2023, 2025, 2030

    1088 shares
    Share 435 Tweet 272
  • Dogecoin Price Prediction 2021 – 2025

    977 shares
    Share 391 Tweet 244

Latest News

Ethereum Price Prediction 2021-04-16

Ethereum price prediction: Ethereum retests $2,300, prepares for another move higher over the weekend 

April 16, 2021
ARK Invest bought additional $110 million worth of Coinbase shares

ARK Invest bought additional $110 million worth of Coinbase shares

April 16, 2021
Turkey central bank sets to ban payment in cryptocurrency

Turkey central bank sets to ban payment in cryptocurrency

April 16, 2021
Dogecoin

Dogecoin price surge to new all-time high price at $0.3

April 16, 2021
Litecoin price

Litecoin price prediction: LTC rejected at $300, what’s next for the crypto?

April 16, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News

Binance News
Ripple News
Cardano News

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker
Sitemap

Exclusive Partners of

Footer 3

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.