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Polkadot Price Prediction for Today, May 23: Polkadot Holds Strong at $10 as Price Breaks Higher

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Polkadot Price Prediction
Polkadot Price Prediction

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

Polkadot Prediction Statistics Data:

  • Polkadot price now – $10.52
  • Polkadot market cap – $10 billion
  • Polkadot circulating supply – 987.5 million
  • Polkadot total supply – 1.1 billion
  • Polkadot Coinmarketcap ranking – #11

DOT/USD Market

Key Levels:

Resistance levels: $15, $16, $17

Support levels: $6, $5, $4

Polkadot Price Prediction
DOTUSD – Daily Chart

DOT/USD is currently dealing with the bulls as the coin remains below the 9-day and 21-day moving averages. The Polkadot price has always sought to increase despite the pressure of the market. However, the crypto market is struggling with volatility, and the market will likely come out in the same way soon. The period after this one should be flourishing.

Polkadot Price Prediction: DOT Could Gain More Upwards

At the time of writing, the Polkadot price continues to hold strong at $10.52, and it’s possible that the more the $10 support is tested, the more it’s likely to break to the downside. However, if DOT/USD continues to abuse this level, the traders can expect the price to break beneath it at some point, and the critical support levels of $6, $5, and $4 may be tested.

For now, the price is hovering around $10.52 with the weak bullish momentum supported by the slightly positive technical levels. The resistance levels are located at $15, $16, and $17 as the technical indicator Relative Strength Index (14) crosses above 40-level to increase the bullish movement.

DOT/BTC Market: DOT Price May Break to the Upside

Compared with Bitcoin, DOT has been slowly grinding higher. The market price is likely to cross above the 9-day moving average. The Polkadot price is now contained within the channel as traders wait for the bulls to hopefully push the market higher while the technical indicator Relative Strength index (14) moves above the 40-level.

DOTBTC – Daily Chart

Moreover, if the bulls can break out above the 21-day moving average, traders can expect initial resistance at 3500 SAT. Above this, higher resistance could be located at 4000 SAT and above. From below, if the sellers bring the market beneath the 9-day moving average, traders can expect critical support at 3000 SAT and below.

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