Polkadot Is in a Modest Pullback as It Confronts the $8.10 High

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Polkadot (DOT) Price Long-term Trend: Bullish
Polkadot’s (DOT) price is above the moving average lines as it confronts the $8.10 high. Since January 11, the upward movement has been hampered by the resistance at $8.10. Today, the altcoin has risen and tested the $8.10 resistance level.

Polkadot will continue its sideways movement above the moving average lines but below the barrier around $8.10, where buyers failed to break the recent high. If buyers break over the resistance level, the DOT price will increase to its previous high of $9.58.

Meanwhile, the altcoin is experiencing a modest pullback as it confronts rejection at its recent high.

Technical indicators:
Key Resistance Levels: $10, $12,$14
Key Support Levels: $5, $3,$1

Daily Chart Indicators Reading:
Given the recent rise, the price bars are above the moving average lines. This permits the altcoin to rise above the moving average lines. The moving average lines are sloping horizontally, indicating a sideways trend.

General Outlook for Polkadot (DOT)
Polkadot is in a sideways trend as it confronts the $8.10 high. On the 4-hour chart, the altcoin is trading above the moving average lines but below the resistance level of $8.10. Currently, the altcoin is trading below the resistance level of $8.10.

If buyers do not break through the barrier at $8.10, the crypto signal will remain range-bound.

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