DOT Price Jumps 6% As Polkadot Announces On-Chain Treasury Investments
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DOT, the native cryptocurrency of the Polkadot ecosystem is making strong moves gaining more than 6.25% in the last 24 hours and trading at $5.50 levels. The DOT price is undergoing a trend reversal from its lows of $3.50, experiencing a notable surge of over 55%. Additionally, the price action indicates significant efforts by buyers as they target the $6.00 mark.
DOT Price Can Rally to $7.0
Technical indicators suggest that the DOT price has maintained its gains in neutral territory, with expectations of reaching the swing high point of $7.00 in the upcoming sessions.
Trading above crucial moving averages, the DOT price demonstrates strength. Furthermore, the current price action favors the bulls, indicating the potential for DOT to enter the blue sky zone above $7.00 and experience a significant surge in the next few sessions.
At press time, DOT is trading at $5.5 with its 24-hour trading volumes jumping by 51% to $288 million. The observed price action also reflects investors’ interest and commitment to maintaining a bullish sentiment. Currently, DOT is trading very close to its previous rejection levels of $5.73.
The post DOT Price Jumps 6% As Polkadot Announces On-Chain Treasury Investments appeared first on CoinGape.
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DOT Price Jumps 6% As Polkadot Announces On-Chain Treasury Investments
Share:
DOT, the native cryptocurrency of the Polkadot ecosystem is making strong moves gaining more than 6.25% in the last 24 hours and trading at $5.50 levels. The DOT price is undergoing a trend reversal from its lows of $3.50, experiencing a notable surge of over 55%. Additionally, the price action indicates significant efforts by buyers as they target the $6.00 mark.
DOT Price Can Rally to $7.0
Technical indicators suggest that the DOT price has maintained its gains in neutral territory, with expectations of reaching the swing high point of $7.00 in the upcoming sessions.
Trading above crucial moving averages, the DOT price demonstrates strength. Furthermore, the current price action favors the bulls, indicating the potential for DOT to enter the blue sky zone above $7.00 and experience a significant surge in the next few sessions.
At press time, DOT is trading at $5.5 with its 24-hour trading volumes jumping by 51% to $288 million. The observed price action also reflects investors’ interest and commitment to maintaining a bullish sentiment. Currently, DOT is trading very close to its previous rejection levels of $5.73.
The post DOT Price Jumps 6% As Polkadot Announces On-Chain Treasury Investments appeared first on CoinGape.
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Coins
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In This News
Coins
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ProShares Drops 3x Bitcoin, Ethereum, XRP ETF Plans After SEC Pushback