Polkadot: Here’s why DOT’s price is all set to revisit $7
What does the Liquidation Heatmap indicate for DOT?
The Liquidation Heatmap indicates potential price levels where large-scale liquidations might occur for DOT. It shows high areas of liquidity, suggesting price levels where DOT might move. Currently, there is high liquidity between $6.45 and $6.96, and if buying pressure increases, DOT's price could build on its recent gains, potentially reaching $7 or trading above that level.
What is the current price of Polkadot's DOT?
The current price of Polkadot's DOT is $6.17 USD with a 24-hour trading volume of $265,458,090 USD. Polkadot is down 4.03% in the last 24 hours and has a live market cap of $8,868,526,770 USD, ranking #14 on CoinMarketCap1.
How much did DOT's price increase in the last 24 hours?
DOT's price increased by 5.18% in the last 24 hours, with the token trading at $6.24 at the time of the news. Market indicators, such as the Liquidation Heatmap and Weighted Sentiment, suggested that the price could continue to rise, with targets as high as $6.96. Additionally, Polkadot's Open Interest had risen to 133.35 million, supporting a further price hike.