The post Ready For Higher Premiums Will Buyers Push DOT Price To $8? appeared first on Coinpedia Fintech News
Coming back stronger to end 2023 on a similar bullish note on which the year started, the DOT price is climbing the ladder fast. The Polkadot token price displays a comeback fueled by a channel breakout to cease the lower high formations.
Signaling a trend reversal per Dow Theory, Polkadot’s price exceeds the 200D EMA and trades above the psychological mark of $5. Further, as the market recovery is gaining traction, the Polkadot price prediction signals a further bullish recovery.
Source – Tradingview
Making a comeback from the 52W low at the $3.56 mark, the DOT price gives a return of 53% in the last 44 days. However, Polkadot shows a minimal YTD growth of 27.43% due to a prominent pullback in summer.
Nevertheless, the strong signals of a trend reversal in the daily chart improve the sentiment around Polkadot and increase the possibility of an uptrend. For exam
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