
Shows Potential Amid Consolidation Phase
Polkadot (DOT) is currently trading between $4.50 and $5.58. In the past week, the price has dipped by 4.62%, and over the last month, it’s down by 12.52%. However, over a six-month period, DOT has gained 14.65%. The 10-day and 100-day simple moving averages are both around $4.56, indicating a period of consolidation. The Relative Strength Index (RSI) sits at 55.89, suggesting neutral market momentum. The Moving Average Convergence Divergence (MACD) is positive at 0.0454, signaling potential upward movement.
If DOT surpasses the nearest resistance level at $5.94, it could aim for the next resistance at $7.02, which is approximately a 40% increase from current prices. With the RSI below 60, there is room for the price to rise without entering overbought territory. These indicators align with the optimism for an upcoming altcoin season and potential crypto bull run.
POL (ex-MATIC) Poised for a Potential Upswing
POL (ex-MATIC) is currently trading between $0.26 and $0.33, showing signs of stabilization after recent declines. Over the past month, the price has decreased by 24.88%, but technical indicators suggest a possible shift.
The Relative Strength Index (RSI) stands at 53.36, indicating neutral momentum. The Simple Moving Averages for both 10 and 100 days are aligned at $0.26, reflecting a consolidation phase around this level. The nearest resistance is at $0.35. Breaking above this could propel the price toward the second resistance at $0.41, representing an increase of over 20% from current levels.
The MACD level of 0.001736 hints at building positive momentum, and the stochastic oscillator at 61.18 supports the potential for upward movement. With the nearest support levels at $0.23 and $0.16, traders are watching these key points closely.
Many believe that an approaching altcoin season could fuel a broader market upswing, positioning POL for significant growth in the near future.
Conclusion
With the bull run here, AVAX, LINK, DOT, and POL are promising, but XYZVerse (XYZ) stands out with its 20,000% growth target and blend of sports and memes.
Source: https://coinpedia.org/sponsored/top-5-cryptos-set-to-100x-before-the-2025-bull-run-takes-off/