Polkadot Price Moves Above $8, Sets Eye On $9

Polkadot price has steadied itself above the $8 price mark. The coin seems to be extending the price recovery as DOT looks at moving past its next price ceiling. It also formed a bullish pattern on its daily chart. The cup and handle pattern that Polkadot has been forming for the past two months indicate that the bulls were strong in the market. The cup and handle pattern usually indicates a bullish continuation of price. Over the past week, Polkadot price surged over 24% marking strong recovery. DOT has been among the highest gainer within the top 10 cryptocurrencies based on market cap. In the last 24 hours itself, Polkadot price rose 6%. Technical indicators have painted bullishness on the chart with DOT exhibiting chances to break past $9 price ceiling. Polkadot has struggled for a significant amount of time as price of the asset remained below the $9 price mark. Buying strength despite a recent fall shot up indicating that bulls were in control of the price. If DOT manages to break past the aforementioned price ceiling, then the uptrend would invalidate chances of bears reclaiming the price. The global cryptocurrency market cap today was $1.13 Trillion and it noted a 1.1% increase over the last 24 hours. Polkadot Price Analysis: Four Hour Chart DOT was trading for $8.38 at the time of writing. A slight push from the bulls can send Polkadot price above $9 price mark. Ever since the middle of June, Polkadot struggled to bre...