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Recovery wasn’t too far away for the crypto-verse. Almost all the coins in the market, like Polkadot [DOT], Bitcoin [BTC], Binance Coin [BNB], and several others were seen getting back on track. While BTC’s price was inclining towards $39K, the coin’s market cap surged over $600 billion further aiding in the surge of the overall market cap. BNB wasn’t any less as the altcoin had surged to a high of $420.
Despite being relatively new to the crypto industry, Polkadot [DOT] has been making headlines. This asset steered heads right after it scored a spot on the top ten. The asset still remains on top as the eighth-largest cryptocurrency. During press time, the market cap of DOT was at $25.85 billion.
Furthermore, the price of the altcoin, at the time of writing was $27. The altcoin was seen having a good day as it recorded an 11% surge in the last 24-hours. While the crypto rally pushed the crypto asset to a high of $49.69, the bears kept it from hitting $50.
Polkadot [DOT] one-day price chart on Binance
The one-day price chart of DOT was filled with multiple sentiments. However, the market seemed to be inclining towards the bull. The Parabolic SAR indicator alerted that the bears with still in the DOT market as it laid out dotted lines over the candlesticks. While this line acted as a barrier against an uptrend, the Awesome Oscillator reported a strong bullish notion.
The Awesome Oscillator laid out green closing bars affirming the presence of bulls in the market. The MACD indicator was headed towards a stay in the bullish arena. Earlier this month, the MACD line crept up the signal line further forming a bullish crossover. This trend was further prolonged. With the majority of the indicators reporting bull sightings, Polkadot could soon be making its way on to $30.
Despite this strong bullish predilection in the DOT market, the Relative Strength Index [RSI] announced that the altcoin was in a sellers’ market.