Polkadot Price Analysis: DOT Rebounds From $23.90 Support, Aiming 10% Upmove

• Polkadot price is neutral at 0.4% during the intraday trading session.
• The 24-hour trading volume is at $1,353 billion.
• DOT/BTC pair is trading negative by 1.0% at 0.00052209 BTC. 

The daily technical chart and price action of Polkadot display a sideways trend. According to the pivot levels, the primary support level is $23.90. On the other side, if it rushes up, the resistance level to follow is $26.67. Although the chart forms a bullish harami candlestick pattern within the day, it is predicted that the price may remain upwards with medium reliability.

The Zig-Zag framed a top of $49.78 on May 15. After that, investors can notice a massive correction of 78%, all the way low to $10.37. Now price levels have recovered around $20 this week. 

The volume of (5.878M) is below the MA of 20-days (14.973M). As a result, the volume is low, causing its price to bounce back from the support zone. Investors may also mark that the volume bars on the chart are inclining, which intimates that notable volatility is expected in the upcoming trading session. 

The MACD indicator gives (bearish) crossover below the signal line on August 25, indicating a sell signal in the coin. Moreover, Investors can see red bars in the Histogram index.

Polkadot Achieves Huge 70% Returns Within a Month 

Polkadot’s price today is 24.62 US dollars, and the 24-hour trading volume is 1,353,680,141 US dollars. DOT prices have fallen -0.4% in the past 24 hours. There are 1 billion DOT coins in circulation, with a total of 1.11 billion. The MACD indicator shows a sell signal, and the traders have guided low volume. Technically, the price bounced back from the support and remains neutral. Therefore, as with overall market sentiment, the trend remains bullish.

Resistance Level: $26.67

Support Level: $23.90