Tag: DOT price

Is Polkadot eyeing $100 next? DOT price jumps 25%, triggering classic bullish chart pattern
Altcoins

Is Polkadot eyeing $100 next? DOT price jumps 25%, triggering classic bullish chart pattern

Polkadot’s native DOT token looks poised to rally toward $100 in the coming sessions as it triggers a classic bullish reversal setup.Dubbed “inverse head and shoulders” (IH&S), the technical structure appears when an instrument forms three troughs in a row, with the middle one — called the head — being the lowest and the other two — known as the right and left shoulders — of almost equal heights.Meanwhile, the level at which all the troughs top out represents the “neckline.”So, it appears DOT has been forming an IH&S ever since its price correction from the $43–$49 price range (neckline), as shown in the chart below. On Nov. 1, the Polkadot token broke above the area and continued rallying the next day to bring its month-to-date returns to almost 25% while bumping it...
BTC price battles for $46K as Polkadot (DOT) ends weekend with 10% surge
Altcoins, Bitcoin

BTC price battles for $46K as Polkadot (DOT) ends weekend with 10% surge

Bitcoin (BTC) hit problems at $46,000 on Sept. 12 after a “strong bullish divergence” on lower timeframes met with resistance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHigher lows creep in for BTC/USDData from Cointelegraph Markets Pro and TradingView showed BTC/USD reject sharply after hitting local highs of $46,280 on Bitstamp.The move continues a ranging weekend, over which the pair failed to recover from Friday’s sell-off.$45,500 is an important level for Bitcoin in the form of its 50-day moving average, a level which on Sunday continued to hold as support.As noted by trader and analyst Rekt Capital, lower timeframes showed increasing strength on the day, with a “strong bullish divergence” characterizing the 4-hour chart. At the time of writing, however, no new levels ...
Polkadot (DOT) price rallies 100% and derivatives data points to more upside
Altcoins

Polkadot (DOT) price rallies 100% and derivatives data points to more upside

Polkadot (DOT) is a blockchain project designed to interconnect sub-chains called parallel chains or parachains. Each application-specific chain built within Polkadot uses the Substrate modular framework, and this is meant to ease the development process.The project has been at the center of developers' and investors' attention for most of 2021, but the sharp market-wide correction on May 19 dealt a heavy blow to the DOT price, and the team has been relatively quiet for the past two months. On July 22, Karura Swap, the first decentralized exchange (DEX) in the Polkadot ecosystem, was launched. The project was created by Acala, a decentralized finance (DeFi) project backed by Coinbase Ventures.Polkadot (DOT) performance in USD at Coinbase. Source: TradingViewIn the past 24 days, DOT rallied...
Polkadot price soars 37% after Coinbase Pro DOT listing, first parachain auction
Altcoins

Polkadot price soars 37% after Coinbase Pro DOT listing, first parachain auction

Polkadot's DOT coin has witnessed massive upside moves recently as traders assess the cryptocurrency's entry into the United States-based digital assets trading platform Coinbase Pro and the upcoming auctioning of parachain slots atop Polkadot's testbed version of Kusama on June 15.The DOT/USD exchange rate reached $26.44 on June 14, following a roughly 37% upside move that started on June 13. Nevertheless, entering the Asia-Pacific and European trading hours on June 15, the pair corrected by more than 4.5%, hitting an intraday low of $24.25.Polkadot pulls back after testing technical resistance near $26.668. Source: TradingViewInitial upside moves in the DOT market surfaced in the wake of the Bitcoin (BTC) price rally on June 13. Billionaire investor Elon Musk commented that day that he w...
Polkadot (DOT) and Kusama (KSM) skyrocket in price after attracting $30M in funding
Altcoins

Polkadot (DOT) and Kusama (KSM) skyrocket in price after attracting $30M in funding

Polkadot (DOT) and Kusama (KSM) rose in tandem on June 3 as traders assessed a venture capital firm's major investment into their blockchain ecosystems.Dubbed as Master Ventures, an Asian blockchain incubator and venture capitalist announced that it had launched a $30 million venture capital fund called Master Ventures Polkadot VC Fund. In a press release published Wednesday, the firm said that its fund would "support and finance the Parachain bids" of tier-1 blockchain projects that want to win a Parachain slot on the Polkadot Relay Chain.Master Ventures also noted that its proceeds would also assist early-stage projects in launching atop the Polkadot and Kusama ecosystems.Traders took the announcement as their cue to raise their bids on DOT and KSM pairs. Their sudden interest allow...