The Polkadot coin (DOT) has recovered significantly from its 200-Day EMA low of $6, rising more than 40% this week. This means that the coin has gained traction and is seeing renewed buying demand. The bulls are aiming for the $10 mark, following optimistic signs and investor activity in previous sessions.
The DOT coin has escaped critical moving averages and risen more than 40% in recent weeks, indicating an upward trend. The Fibonacci retrace levels suggest that the coin has moved over the 38.2% level, indicating optimism. The current DOT price is $8.47, representing a 4.07% intraday rise and a 9.12% increase in trading volume. Analysts are confident, predicting that the DOT price will keep on to gain speed and might surpass $10 soon.
The Polkadot (DOT) cryptocurrency price indicates a purchasing momentum, has risen beyond the major hurdle of $8.40, and is outperforming on the charts. Furthermore, the coin is above the crucial EMA level, and traders hope to extend the rally toward $10 soon.
