TL;DR Breakdown Polkadot price analysis is showing signs of a retracementThe closest support level lies at the $32 mark.DOT facing stiff resistance at $36 The Polkadot price analysis indicates DOT met strong rejection at the $36 mark after trying to support a rally overnight. As a result, the price rally paused briefly and prevented any significant upsides from that point. This situation pulled the altcoin to a lower support level at $32.50. The price is not fully recovered but the 24-hour candlesticks are indicating high chances of an uninterrupted rally for the next few hours. The overall cryptocurrency market is trading with mixed signals over the last 24-hours as a few cryptocurrencies recorded gains while the majority of them posted losses. BTC and ETH both gained near-flat rates of 0.25 – 0.30 percent. Meanwhile, Solana, Ripple, and Cardano remain some of the biggest losers over the last 24 hours. Polkadot price analysis: High volatility as DOT breaks past $35 On our Polkadot price analysis technical indicators, the MACD is positive as shown by the daily histogram. The indicator marked a bullish crossover on September 9 and has remained positive ever since. However, the coin has witnessed a drop in bullish momentum in the last 20-hours as the bulls struggle to breach the $36 resistance and continue towards the next target at $39. The exponential moving averages are moving upwards which suggests the presence...
