The price analysis for Polkadot (DOT) suggests that its price has observed a 25.86% plummet in the past 30-days. Then in the past 7-days, the price of Polkadot has plummeted by 8.16%. However, in the past 24-hours, Polkadot’s price has observed a slight push, coming up by 1.95%.
Despite the movements, the current price of Polkadot is now hovering at $28.91 per DOT. When it comes to the trading volume, the 30-day volume Polkadot has observed is worth $68,514,870,528. The 7-day Polkadot volume Polkadot has observed is worth $14,719,041,199. Coming down to the past 24-hours volume, it is currently at $1,261,050,139.
At the moment, the market valuation of Polkadot is worth over $27.26 billion making it the 10th largest cryptocurrency in the entire crypto-verse.
Despite the recent push in price, Polkadot is still hovering inside the bearish zone. This means that in the upcoming days, the bears will have the strings in their hands and they will be calling the shots for its price. The bears may trigger selling pressure in order to pull Polkadot’s price down to $24.58. If the bulls fail to pose much resistance with the buying power, then the bears may attempt bringing DOT below the $20 mark.
Chainlink (LINK) seems to be following the same trend as DOT as it has also continued experiencing dips in the past 30-days and past 7-days. CoinMarketCap data reveals that Chainlink’s price has plummeted 22.60% in the past 30-days. Then in the past 7-days, Chainlink’s price has observed a 6.62% dip.
On the contrary, the past 24-hours seem to have observed a minor rally for Chainlink that is worth 4.90%. As of now, the price of LINK is hovering at $21.76, but it is expected to dip in the upcoming days.
Despite the recent rally, Chainlink’s overall sentiments are moving in the bearish zone. This means that the investors may lean towards selling LINK rather than accumulating them. This would eventually hamper the price of LINK bringing it down to $18.66 in the next few days.
If the bears manage to pull LINK’s price lower, they may attempt to cause another major selling for Chainlink, bringing it further down to $14.54 per LINK.
Then it is Kusama (KSM) which is also in the same group as DOT and LINK, demonstrating plunges in the longer ranges but a surge in the past 24-hours.
The data shows that in the past 30-days, Kusama’s price has dipped 27.45%. Then in the past 7-days, Kusama’s price has dipped 7.54%. However, its price has grown 1.62% in the past 24-hours.
Keeping the above situation in mind, the investors are not willing to invest and accumulate Kusama on a larger scale. Instead, they are going with smaller rallies with purchases on a lower scale to help push Kusama above the bearish zone.