bullish

Polkadot

<ul>
 <li>Polkadot (DOT) rebounds to $4.53 with a 9% increase over the past week.</li>  
 <li>Despite previous volatility, DOT shows bullish signs and may reach $5.</li>  
 <li>Recent recovery suggests potential for further gains if buyers maintain control.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/polkadot-faces-bearish-pressure-at-3-5/" target="_blank" rel="noopener noreferrer nofollow">Polkadot (DOT)</a> has experienced a notable rebound after weeks of uncertainty and trouble maintaining its $4.50 support. $DOT is now seeing positive movement, the token has surged by 9% over the past week and is currently trading at $4.53. This strong performance suggests a potential upward trend, despite earlier volatility.</p>  
<h2 class="wp-block-heading" id="h-a-turnaround-from-recent-lows">A Turnaround from Recent Lows</h2>  
<p>Polkadot has been fluctuating between $4 and $5 recently. DOT’s price briefly fell below $4, hitting a low of $3.82 before briefly climbing above $5. After struggling to maintain the $4 support on September 6, $DOT dropped to $3.82.&nbsp;</p>  
<p>However, it staged a <a href="https://cryptonewsland.com/polkadot-eyes-upside-after-correction/" target="_blank" rel="noopener noreferrer nofollow">strong recovery</a>, ending the previous week at $4.16. This positive momentum carried into the new week. On Monday, DOT gained 2.88%, closing at $4.29. Buyers tried to push above the 20-day SMA but faced resistance, leading to a slight drop to $4.25.&nbsp;</p>  
<p>On Wednesday, bearish pressure drove DOT down to $4.07. Despite this, consistent demand allowed DOT to recover, ending the day at $4.19.</p>  
<h2 class="wp-block-heading" id="h-buyers-regain-control">Buyers Regain Control</h2>  
<p>On Thursday, increased buying pressure drove <a href="https://coinmarketcap.com/currencies/polkadot-new/" target="_blank" rel="noopener noreferrer nofollow">DOT</a> up by 2.63%, pushing it above the 20-day SMA to close at $4.30. This move indicated a shift from bearish to bullish momentum. Friday saw a continuation of this trend, with $DOT increasing by 3% to $4.43. Although $DOT briefly dipped to $4.35 on Saturday, buyers quickly stepped in, and it ended the day at $4.44.</p>  
<p>Currently, resistance is at $4.50 and the <a href="https://www.investopedia.com/ask/answers/012815/why-50-simple-moving-average-sma-so-common-traders-and-analysts.asp" target="_blank" rel="noopener noreferrer nofollow">50-day SMA</a>. However, buyers have pushed the token above this resistance, with DOT now trading at $4.52. If buyers maintain control, DOT might reach $5. While it’s not certain if $DOT can sustain this upward trend, it’s clearly in a strong phase right now.</p> 
<p>The post <a href="https://cryptonewsland.com/polkadot-rises-9-stable-above-4-50/" rel="noopener noreferrer nofollow">Polkadot (DOT) Surges 9%, Holding Steady Above $4.50</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Polkadot (DOT) Surges 9%, Holding Steady Above $4.50

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