- The Polkadot market sees a reversal of its recent downswing as bulls seize control.
- As the market finds stability around $5.04, bears give up.
- If buyers keep pressing, the resistance level will be breached.
Bulls have been in charge of trading on the Polkadot (DOT) market all day. After the buyers hit a wall at $5.26, the sellers stepped in and drove the price down to a session low of $5.04. However, bulls have pushed the price up to $5.22, a 1.80% increase, as of publication, canceling out the bear trend.
This surge was supported by increases in market capitalization and 24-hour trading volume of 1.85% to $6,028,023,147 and 11.63% to $193,671,476, respectively. This increase indicates that interest in the DOT market is growing, implying that a further bull run is on the way.
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