fxstreet.com 05 Feb, 2021 15:30 am

Polkadot price can quickly hit $24 if bulls crack this crucial resistance level

Polkadot price continues surging higher as the digital asset reaches $19 billion in market capitalization, on the verge of passing XRP. Despite the ma

Polkadot price hit a new all-time high at $21.Polkadot price continues surging higher as the digital asset reaches $19 billion in market capitalization, on the verge of passing XRP.Polkadot price aims for $24 if bulls can crack this resistance level On the 4-hour chart, Polkadot price was trading inside an ascending parallel channel from which it broke out on February 3.A breakout above this point should drive Polkadot price towards the previous target of $24, which was calculated using the height of the parallel channel.

DOT/USD 1-hour chart However, it seems that Polkadot price has been rejected from $20.Only one crucial resistance level separates Polkadot from a new all-time high.

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