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Gauging Polkadot’s near-term price action, as new ATH draws closer
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Polkadot looked solid since commencing an uptrend during end-September. With a percentage rise of 80% over the last 30 days, DOT just needed to record an additional 17% increase to tag its May ATH.
However, a broader market correction combined with red flags on the MACD and RSI suggested some sideways action before DOT breaks above its immediate price ceiling at $46.3. At the time of writing, DOT traded at $42.3, up by a marginal 0.2% over the last 24 hours.
Source: DOT/USD, TradingView
A quick glance at DOT’s daily chart suggested that the alt just needed to overturn its immediate resistance at $46.3 to bag a fresh ATH above the $50-mark. Considering the fact that healthy buy volumes have constantly pushed DOT by nearly 80% during September,
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