Polkadot Price Prediction Today, December 3, 2022: DOT/USD Is Making a Steady Upside Recovery

Polkadot price is making a smooth and steady recovery to the upside after it fell close to the $5.00 mark. Furthermore, market signs seem to be revealing that this movement may have found strength to move above the $6.00 mark.

Polkadot Analysis Statistics Data:
DOT value now: $5.61
DOT market cap: $6.45 billion
Polkadot moving supply: 1.15 billion
DOT Total Supply: 1.26 billion
Polkadot Coinmarketcap ranking: #11

Key price Levels:
Top: $5.61, $5.80, $6.20
Floor: $5.30, $5.00, $4.70

Polkadot Price Prediction Today December 3, 2022: DOT/USD Needs Contribution from Bulls

DOT/USD is currently making a steady recovery, going by price action on the daily chart. During this ongoing session price activity consists of a significant amount of buying. Consequently, this has the price above the middle limit of the Bollinger band. Also, the MACD curves can be seen rising smoothly towards the 0.00 line after it had performed a bullish crossover. However, more buying is still needed, to significantly develop this current price move. And this be said to have happened when price action finds support above the middle band of the Bollinger band. Eventually, this may result in the price moving near the $6.00 mark.

Polkadot Price Prediction Today December 3, 2022: DOT/BTC Needs More Push

Price action in the DOT/BTC market looks rather less impressive. This is portrayed by the fact that the current price hasn’t made it above the MA line. The last price candle here only pushed the price to the level of the Bollinger band. However, in the current session, the influence of the tailwind is very much pronounced. This could be perceived as the price candle looking huge. However, the curves of the MACD are just approaching each other for a crossover. Therefore, for traders here to witness further upside move more upside push is needed to be delivered to price action. If all the market factors here can continue to align in favor of the upside for a bit longer time, the price will move further toward the 0.0003400 mark.

Generally speaking, we can say that Polkadot is only making minimal gains for now. However, for traders to make a good profit from a market, there is a need for significant price movements to occur. Consequently, this is where the Impact Token IMPT comes in. This is a crypto that allows its users to contribute to making our environment greener and more sustainable. More Interestingly, this Token is on presale and has gathered $13.5 million. The amount raised through the presale reveals that this token is selling fast, and this is a great chance for you to invest in this project.

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