Polkadot Price Analysis: DOT retraces to $28, amidst tight daily range

TL;DR Breakdown Our Polkadot price analysis suggests bullishnessDOT/USD reversed to $28DOT is set to test higher lows today Today’s Polkadot price analysis suggests bullish signals in the next 24-hours of candlesticks after the coin retested the $30 support and was pulled lower near the $28 mark. Therefore, we are looking forward to an uptrend in the course of the day where Polkadot could rally once more and breach the $30 mark.  The overall cryptocurrency market trades bearishly, with the majority of the altcoins recording losses on the 24-hour chart. Market leaders BTC and ETH lost more than 3 percent, while Solana turned out to be the worst performer of the day after shedding 15 percent of its value.  Polkadot price movement in the last 24 hours: Polkadot struggles with $29 resistance According to our daily Polkadot price analysis, the DOT/USD underwent a tight daily range of $28.25 – $29.80 over the last 24-hours. Trading volume dropped by 13.50 percent on the daily chart to a sum of $3.04 billion. Coin Market Cap data indicated a total market capitalization of $31.7 billion after a 7.93 percent decline.  Polkadot was displaced from position #9 by the USDC stablecoin after the drop in market capitalization. DOT/USD 4-hour chart: DOT ready to reverse again? On the 4-hour Polkadot price analysis chart, we see DOT/USD price action advocating for another push higher on the 24-hour chart.  DOT/USD 4-hour chart. ...