At the time of writing, Polkadot was projected to rise to another ATH on the charts on the back of a strong bullish cycle. BAT looked likely to continue trading within a range since the balance between market buyers and sellers remained steady. Finally, IOTA lacked the trading volumes for a northbound breakout beyond the $1.46-resistance level.
Polkadot traded above the $30-mark, at the time of writing, as its bull run continued to push the crypto’s price north on the charts. The uptrend was clear on the 4-hour timeframe as the cryptocurrency snapped higher highs and recorded gains of over 80% in the last 30 days.
The CMF headed north above the halfway line and showed that capital inflows were strong as DOT attempted to snap a fresher high over the next few sessions. Further, the MACD line moved above the Signal line, with the histogram noticed a dip in bullish momentum. However, the bulls could hold on to the $29.5-support level, even in a bearish scenario.