Polkadot Price Prediction for Today, December 27 – DOT Technical Analysis

The Polkadot price prediction is moving with an uptrend, and traders could expect an early arrival of a price rally.

Polkadot Prediction Statistics Data:

• Polkadot price now – $9.15
• Polkadot market cap – $11.3 billion
• Polkadot circulating supply – 1.26 billion
• Polkadot total supply – 1.39 billion
• Polkadot Coinmarketcap ranking – #11

DOT/USD Market

Key Levels:

Resistance levels: $11.0, $11.5, $12.0

Support levels: $7.0, $6.5, $6.0

DOT/USD is currently dealing with the bulls as the coin remains above the 9-day and 21-day moving averages. The Polkadot price has always sought to increase as the bulls increase the pressure. However, the crypto market is following the upward movement, and the market may likely create more gains soon.

Polkadot Price Prediction: DOT Could Gain More Upwards

At the time of writing, the Polkadot price continues to hold strong at $9.15, and it’s possible that if the support of $8.50 is tested, it’s likely to break to the downside. However, if DOT/USD slides below the 9-day and 21-day moving averages, the traders can expect the price to break beneath it at some point, and the critical support levels of $7.0, $6.5, and $6.0 may be tested.

For now, the price is hovering around $9.15 with strong bullish momentum supported by positive technical levels. The resistance levels are located at $7.0, $6.5, and $6.0 as the 9-day moving average keeps hovering above the 21-day moving average to increase the bullish movement.

DOT/BTC May Break to the Upside

Against Bitcoin, the Polkadot price has been slowly grinding higher. The market price is likely to cross above the upper boundary of the channel. The coin is now contained within the channel as traders wait for more bullish movement which could hopefully push the market higher.

Moreover, if the bulls can break out above the channel, traders can expect initial resistance at 2300 SAT. Above this, higher resistance could be located at 2500 SAT and above. From the downside, if the sellers bring the market beneath the 21-day moving average, traders can expect critical support at 1700 SAT and below.

Polkadot Alternatives

The Polkadot price has been facing the upside since the beginning of the European session, the coin is hovering above the 9-day and 21-day moving averages which could touch another resistance level of $10.0. However, the Polkadot price may cross above the upper boundary of the channel if the buyers increase the buying pressure.

However, the Polkadot (DOT) is facing challenges for quick gains due to its $11.4 billion market cap, while Bitcoin Minetrix, with a smaller market cap, holds substantial growth potential, particularly in mining. $BTCMTX has the solution you’ve been eagerly anticipating, and this could be done by obtaining and staking BTCMTX tokens. Meanwhile, the ongoing presale has already raised more than $6.2 million, so investors are encouraged to buy the token now.