u.today
Bulls remain powerful, according to CoinMarketCap ranking.
DOT/USD
The Polkadot (DOT) rate has almost not changed since yesterday and has only grown by 0.46%.
DOT/USD chart by Trading View" src="https://cnews24.ru/uploads/525/52566afa8a3702c0ddcaafce0d216623ffe21bd5.png" size="2708x1320">
On the local time frame, Polkadot (DOT) has formed a resistance level at $5.86. If growth continues, there is a possibility to see a test of the $5.90 mark.
DOT/USD chart by Trading View" src="https://cnews24.ru/uploads/1c8/1c80b7d7586dcdd2820bb3ddf56e3e9b9a6e2905.png" size="2708x1320">
On the daily chart, DOT has not accumulated enough power for a rise, which is confirmed by the low volume.
However, buyers might seize the initiative in the following weeks if the rate can be fixed above the vital $6 zone.
DOT/USD chart by TradingView" src="https://cnews24.ru/uploads/21f/21f97ca1b68957eb3d4352e485391a9f95072d44.png" size="2708x1320">
From the midterm point of view, the situation is different, as bears' influence remains relevant. If the fall continues below the $5.68 mark, traders can expect a sharp drop to the $5 zone shortly.
DOT is trading at $5.85 at press time.