Polkadot Price Analysis Shows Continued Bearish Trend, Trading Volume Rises 8% in Past 24 Hours

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Polkadot's price has continued to trend bearishly, dropping to $5.23 in the past 24 hours. The token has been moving sideways on the daily chart since May 8, hovering around $5.5 and seeking resistance at $6. Currently, Polkadot is trading at $5.31 with an 8% increase in trading volume over the past 24 hours and a market cap of $6,959,869,885.

Other cryptocurrencies have shown mixed results, with Bitcoin declining slightly to $26,800, Ethereum rising to $1,800, Ripple increasing to $0.45, Cardano rising 2% to $0.36, and Dogecoin jumping 1% to $0.07. Technical indicators for Polkadot show minor bullish moves on the daily chart, with the 24-hour RSI gradually increasing to 40 and the MACD curve showing a possible bullish divergence.


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