Polkadot price analysis: DOT price ready to challenge the $25 mark again

TL;DR Breakdown Polkadot is expected to rise to $25The closest support level is at $23.5Polkadot price is facing resistance at the $25 Polkadot price has broken above the $21 mark and strong bullish momentum has carried the price to challenge the $25 mark. DOT records an over 20 percent price hike across the last seven days showing strong bullish dominance. However, the sharp bullish activity leaves room for a volatile price movement The broader cryptocurrency market observes a bearish sentiment across the last 24 hours with most major cryptocurrencies recording a loss across the time frame. The major players that recorded a loss include UNI, and BNB that record a 2.39 and a 0.26 percent decrease respectively. Meanwhile Bitcoin and Ethereum record a 1.39 and a 1.33percent decrease Technical indicators for DOT/USDT Technical indicators for DOT/USDT by Trading view Across the technical indicators, the MACD shows a declining bearish momentum. While the histogram is still red at the time of writing, the histogram’s size has decreased significantly as the price is starting to climb back above the 0.27 mark. While the 26-EMA still trades above the 12-EMA, the difference between the two is negligible and they may show a reversal at any time. The RSI is currently trading in the neutral zone a little above the 52.00 mark and does not issue a signal. The indicator has been trading in the neutral zone for the past 2 days. At press...