Will this weekend of lower liquidity see Polkadot push it past $19

ambcrypto.com:

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

Polkadot climbed past $17.5 on the charts and flipped it to support before its move toward $19- but buying pressure seemed to be lacking in the near-term outlook. Bitcoin was trading just above the $39k mark, and the short-term direction of the king of crypto on the charts was not too clear either. Weekends are also times of lower liquidity. Will Polkadot’s rally push it past $19 or was the selling pressure likely to be dominant?

Source: DOT/USDT on TradingView

In the past week, Polkadot had traded within a range from $16.17 to $17.57. This mid-point of this range was at $16.87 and had some confluence with a longer-term support level at $16.81. In the past few days, DOT has found some support at this confluence of support levels.

On the first attempt at a breakout past the range highs, DOT was unable to hold on to the range highs once $17.6 was flipped to support. Bitcoin saw a pullback to $38.8k from $42k and DOT was forced lower as well.

On its second attempt, the price was able to establish a higher high (near-term) and also find demand at $17.6, which meant that the short-term market structure was bullish.

To the north, the $19 area posed significant resistance to the bulls’ endeavors. Therefore, a near-term buying opportunity could arise if this level were flipped to support. To the south, the $17.6 would need to remain unbroken for DOT to climb higher. A session close below $17.6 could see DOT fall back toward $16.2.

Source: DOT/USDT on TradingView

The RSI stood at 62.16 and showed strong bullish momentum in recent hours. However, it also displayed a bearish divergence between price and