The post Polkadot Price Analysis: DOT Unable To Gain Momentum appeared on BitcoinEthereumNews.com.

Polkadot (DOT) price has not followed in Bitcoin (BTC) and the altcoin market’s recent recovery, struggling to stray above its crucial $6 mark. DOT currently trades at $5.70.  While the crypto market at large seems to have recovered from recent downturns, DOT has not been able to capitalize on the gains. Investors appear to have lost interest, with DOT unable to gain enough ground to surpass the $6 level.  Market Interest Declines Polkadot (DOT) has lost significant ground over the past week and is down over 7% in the seven-day charts.  DOT Price Chart | Source: CoinStats   Market interest appears to have declined, and concerns have been raised over DOT’s price while it continues to trade below $6. Despite settling the previous week at a moderate $6.44 in the face of significant selling pressure, DOT could not maintain this trend. A Week In Polkadot (DOT) On Monday, DOT registered a significant drop, declining by 5.28% to end the session at $6.10. Pressure from sellers pushed DOT down further on Tuesday, with its price eventually slipping below the $6 level.  The bearish trend maintained throughout Wednesday, with DOT dropping by 2.87% to $5.75.  Thursday saw broader market downturns, with DOT eventually slipping to $5.50. A dramatic change of events saw DOT recover, eventually ending the session in the green.  Friday’s session saw DOT gain some ground to close the session at $5.84. Saturday did not see a significant change in sentiment, with DOT eventually settling at $5.87, a marginal increase from the previous day.  Today’s session shows that DOT continues its downward trend. DOT currently trades at $5.72.   Polkadot is down almost 9% over the 30-day chart. Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this…

---

Filed under: News - @ July 29, 2024 11:26 am