Polkadot makes 4th bullish daily candle: Breaks above $19

Cryptocurrency Price analysis and Prediction

April 21, 2022

Cryptocurrency Price analysis and Prediction

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Polkadot price analysis for April 21, 2022, comes on a bullish note for investors as the token has seen a surge of 3% in the prices in the last 24 hours and we can expect more if the price action holds above the 19 USD price level. The $19 price level was resistance for bulls which has been finally broken and investors are now aiming for the $20 price level. If conditions remain similar, we can see DOT above $20 as well. As noted in our DOT price analysis for April 20, 2022, the nearest support for the token rests at $18.

The data from CoinMarketCap shows that the trading volume of Polkadot has jumped by 43.42% in the last 24 hours, followed by a 3.41% surge in the market cap. Meanwhile, the Volume / Market Cap has a value of 0.04355, while the Market Dominance of the token surged to 0.99%.

The daily candle for Polkadot opened at a price of $19.10 and reached a daily high of $19.45 which acted as resistance. Moreover, the daily low for the token stands at $19.03. It is also important to note that the price of 1 DOT at the time of writing is $19.27.