Polkadot Price saw a 200 % increase during the Q4 2024 rally, which raised levels from its lowest levels about $ 3.61 to an altitude of up to $ 11.61. Similar to the rejection in March 2024, the price faced a similar decline, forcing the distinctive symbol to stay under the decline. However, the platform has continued to experience a noticeable rise in liquidity since the beginning of the month, indicating that the massive procedure of the price may come close. But the question that asks if the bulls can be able to pay the price above the decisive resistance at $ 5.35.
The year 2025 can be indicated as the year of the inventory investment funds, where more and more encryption were included in the list. The last one to join is the Polkadot presented by the Grayscale, which transformed the participants in the upcoming market in the upcoming point price. The folder, which was constantly decreasing, witnessed a sudden rise, indicating the high attention of trading on the distinctive symbol. Therefore, the price, which tries to break the resistance, can reach $ 6 if the bulls can keep these important ranges.
As shown in the graph above, the point price tests the descending trend line, which has been strong resistance since the beginning of the year. On the other hand, RSI also remained uniform within the lower ranges and MACD in the negative domain during the same period. However, the MACD, which was about to undergo downward, varies while RSI tries to height higher than average.
Therefore, if the bulls have led to the outbreak of the range, the price may reach decisive resistance at $ 5.39. Breaking this resistance is a very important thing to keep up with the bullish momentum; Otherwise, the price may face rejection and remain accumulated in the range. However, the height in OBV & CMF indicates an increase in the upholstery with a noticeable increase in liquidity. Thus, the price of Polkadot is expected to maintain a unified upward trend and a height above $ 6 soon.
