Polkadot (DOT/USD) Slips Rejected at 24.66 – A Quick Trade Setup – FX Leaders

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The DOT/USD coin pair maintained its bullish rally of the previous-day, drawing further bids above the $27.00 level. Polkadot has recorded impressive double-digit gains on the day, and still counting. The 16% increase came after the DOT rose above the previous barrier at $24. At the time of writing, the Polkadot was dancing slightly above $27, while the bulls were looking towards $32.The immediate upside is capped by the 200-day Simple Moving Average (SMA), which prevents closing of the bullish leg at $28. On the other hand, Polkadot could see another enormous surge above $30 as soon as this sellers’ bottleneck zone is pushed out of the way.The area at $32 is the next key level that may act as another speed brake before DOT begins the journey toward an all-time high of $50. Surprisingly, the positive bias surrounding the Polkadot appeared even after Bitcoin failed to clear $48,000 and corrected lower against the US Dollar. Likewise, most significant altcoins are losing groun
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