Polkadot Price Analysis: DOT breaks below $24.5, sets another lower low at $23.5

TL;DR Breakdown Polkadot price analysis is bullish for today.DOT/USD saw further downside yesterday.DOT currently retraces some of the loss. Polkadot price analysis is bullish for today as the market has set another lower low and currently regains yesterday`s loss. Therefore, we expect DOT/USD to see further upside today. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the green over the last 24 hours. Market leaders, Bitcoin and Ethereum, have both seen an increase, with a 1.63 and 2.29 gain, respectively. Polkadot price movement in the last 24 hours: Polkadot sets another lower low at $23.5 DOT/USD traded in a range of $23.46 – $25.44, indicating strong volatility over the last 24 hours. Trading volume has increased by 4.93 percent and totals $1.785 billion, while the total market cap trades around $25.12 billion, ranking the coin in 9th place overall. DOT/USD 4-hour chart: DOT starts to rally On the 4-hour chart, we can see the Polkadot price starting to rally again after setting a lower low yesterday. DOT/USD 4-hour chart. Source: TradingView The Polkadot price action has seen a substantial advance over the last month. From the $10.5 support, DOT/USD has rallied by more than 175 percent until resistance was found around $29.  Below the $29 resistance, DOT/USD consolidated for several days and saw a rapid decline on Tuesday. Support was initially found above $24.5, however, more ...