您现在的位置是:Polkadot price prediction amid spike in volume >>正文
Polkadot price prediction amid spike in volume
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛5人已围观
简介Polkadot trading activity increased significantly in the last 24 hours with volume spiking 40%.The m...
Polkadot trading activity increased significantly in the last 24 hours with volume spiking 40%.
The multi-chain blockchain ecosystem’s native token (DOT/USD) price also rose 7.37%.
The rally started after Automate Network launched on Mainnet, announcing a $20 million incentive program.
On Tuesday, the Polkadot price (DOT) extended Monday’s gains by 7.37% after Automate Network launched on Mainnet. Polkadot is now up more than 20% from Sunday’s price.
Automate’s launch on mainnet is viewed as an essential step towards raising the level of privacy for Ethereum and Polkadot, and developer Apps (dApps) and decentralised finance systems (DeFis).
The platform also announced a $20 million incentive program for projects interested in leveraging Automata Network solutions for privacy in dApps and DeFi.
Should you buy or sell DOT?
Polkadot’s recent spike pushed its price to a new all-time high of about $53.10 before pulling back to settle at $51.84, as of this writing. The DOT/USD price seems to be about to complete an upward breakout from an ascending channel formation in the intraday chart.
As a result, it has rallied closer to the overbought conditions of the 14-day RSI, creating a perfect opportunity for a short-term pullback.
Therefore, this could be a great opportunity for investors to take some profits. On the other hand, those looking to take a short position against the Polkadot price could target price at about $46.01, or lower at $39.87, while $58.13 and 464.42 are crucial resistance zones.
In summary, although Polkadot’s long-term outlook is promising amid its unique blockchain ecosystem, the recent spike in the DOT/USD price creates an opportunity for a pullback.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/693157.html
相关文章
140 year old tech to bring unlimited clean energy to island nations
Polkadot price prediction amid spike in volumeBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.A UK-base...
阅读更多
Where to buy Marsan Exchange Token as MRS sees 207% rally
Polkadot price prediction amid spike in volumeThe Marsan Exchange token (MRS) is up by 207% and is trading at $0.08 at the time of writingThe Mars...
阅读更多
Apple has finally agreed to support RCS on iPhones starting in 2024
Polkadot price prediction amid spike in volumeBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Apple has...
阅读更多
热门文章
- Binance launches platform for farming new crypto assets
- Where to buy XCAD Network as XCAD approaches ATH price
- Ripple’s CTO Revealed Crypto Selloffs He Made In 2012
- Butterflies’ ability to see UV light can help scientists detect cancer
- Zebpay Airs Bitcoin Ads on Disney+ Hotstar
- Celsius Network is not solely responsible for the crypto crash
最新文章
Behold! Swedish firm unveils 5G Onion, veg powered by 5G loaded robot
Where to buy AntiMatter as MATTER sees a huge rally
NFT marketplace volume soared in Q3: report
UK rocket firm approaches first sustainable satellite launch
This transparent wood may soon be used in your phone screens
Tencent's new headquarters will be twice as big as Apple's