Polkadot Price Analysis: DOT sets higher low at $31, bullish trend on the sides

TL;DR Breakdown Polkadot price analysis indicates bullishness on the 24-hour chartDOT traded within a narrow range from $31 – $32Traders are urged to expect gains in the next 24 hours. Polkadot price analysis indicates bullishness on the 24-hour chart after setting a higher low at $31. DOT has been trying to claim the $31 mark for days but failed desperately due to heightening resistance at $29.  And when traders thought the bulls had been exhausted and the price turned down towards $23.5 base, bulls came in and propelled Polkadot upwards, breaching the $30 barrier.  Polkadot price movement in the last 24 hours: Tight range According to our candlesticks on the 24-hour Polkadot price analysis, DOT traded within a narrow range that begins from a daily low of $31 to a daily high of $33.2. The total daily volume for DOT dropped by 39 percent to $2.9 billion. Coin Market Cap ranked Polkadot at number #9 with a market capitalization of $32 billion.  DOT/USD 4-hour chart: DOT/USD starts to rally On the 4-hour Polkadot price analysis candlesticks, DOT/USD price action is almost closing in near the daily high as the bulls continue increasing momentum.  The layer one smart contracts token has witnessed significant gains in the past days, with a month-long rally worth 230 percent from $10.5 to $30. The coin did retrace lower from the $30 point for a few days before bouncing back and rapidly increasing on Tuesday nig...