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February 26, 2023
Polkadot posts light gains on a low-volatility day, ranging between $6.51 – $6.61 and is now at $6.58.
Polkadot's lower Bollinger Band® is at $5.85, indicating that the market is oversold and fertile for new buyers. On the other hand, note that Polkadot is 16 cents away from testing key resistance at $6.58. Peaking above this level could inspire market bulls and open the path to further gains.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts Polkadot to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the Polkadot is expected to pick up significant bullish sentiment in the coming days.
Polkadot shows positive signs, other assets are also on par: FTX Token soars 9.54% to trade around $1.36. TRON improves 1.23% to trade around $0.069.
At the same time, UNICORN Token USD closed at $6.43 (down 2.98%).
Polkadot reached a significant high of $27.51 around 10 months ago but has lost 76.23% since then. Polkadot has a market cap of 7.64 billion with an average daily volume of 279.62 million.
