Polkadot Price Analysis: DOT aims for $36 after being stuck around $34 for a while

TL;DR Breakdown Polkadot price analysis is bearish for next week.DOT/USD retraced to $32 overnight.DOT has lost its momentum this week. The Polkadot price analysis is bearish for today, as the market retraced over the last 24 hours after establishing a somewhat higher high yesterday. As a result, we anticipate DOT/USD to continue decreasing and retrace more of its recent gains. Polkadot price movement in the last 24 hours: Polkadot attempting to break out of $34 into $36 In the last 24 hours, Polkadot (DOT)  has fluctuated in the range of $33.6 and $34.91, indicating low volatility over that period. Volumes have decreased by 22.93 percent to $1.37 billion while the overall market capitalization is around $32.2 billion, putting it at position 9th place overall DOT/USD 4-hour chart: DOT set for further retracement? We may see a sideways movement in the Polkadot market over the next couple of days, as shown by the 4-hour chart. DOT/USD 4-hour chart. Source: TradingView The price of Polkadot has increased significantly this week. After establishing a higher low around $23.5 on the 26th of August, DOT/USD gained more momentum this week. Until the $34 level was reached after a slowing in momentum and a somewhat higher high, indicating exhaustion, DOT had gained about 45 percent. This price movement has resulted in a little retracement over the last 24 hours, with the $32 mark serving as support for now. However, considering th...