The price of the altcoin has been going up. It was at $36, but it is now above $40. If buyers break the resistance at $44 and go to $48, then it will be even higher than before.
However, DOT prices reached $45 and $48 on April 5 and 17, but then they went down. The price was too high, so people sold it for less.
Today, if Polkadot faces rejection at the recent high, the market will decline to the previous range-bound zone. If a lot of people say no to today’s price, it will go back where it was before. Today Polkadot is going up. But some people are saying no and that could stop that from happening.
The price of the altcoin is above the moving averages. This can mean that it will go up. The price has risen to 62 on the Relative Strength Index for a period of 14 days and it is in the zone where prices rise. The 21 day SMA and 50 day SMA are horizontal, which means they are not going anywhere soon.
Polkadot has made a good move and it has been going up. It has gone up by a lot! But it was not as high as the Fibonacci tool, which is good.