Coinpedia-Market-Insight

Will Polkadot ($DOT) ascend to $8?

Long
DOT price showcases a channel breakout rally, hinting at a potential reversal.
Golden crossover of the 50D and 200D EMA signifies increasing bullish sentiment.
Bullish continuation may propel DOT price towards $8 if the uptrend maintains momentum.
Recent climb marks a strong comeback for Polkadot, surpassing key levels.
Recent recovery after a 52W low at $3.56 resulted in a 53% return in 44 days.
Positive signals of trend reversal strengthen sentiment around Polkadot.
Current DOT price trades at $5.45, showcasing a 6.21% overnight jump.
RSI indicators signal growing momentum towards the overbought boundary.

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