The crypto market seemed to be recovering from its most recent crash. However, certain coins like Polkadot [DOT] and Stellar [XLM] were recuperating faster than the others. Bitcoin [BTC] had finally broken off a resistance line at $46K and moved ahead. While Cardano [ADA] was undoubtedly the show’s star, DOT and XLM did turn heads with their price change.
At the time of writing, Polkadot was seen trading at $34.50, with a 14.17% surge in the last 24-hours. DOT was at the top of its game during the crypto rally as it soared as high as $42.06. When the altcoin headed towards $50, the bears took over the entire crypto market and demented this journey.
The market cap of the asset soared to a high of $32.23 billion which further helped the coin move past major currencies like XRP, Litecoin [LTC], and Bitcoin Cash [BCH].
Polkadot [DOT] one-hour price chart on Binance
DOT’s short-term price chart revealed that the bulls and the bears were fighting for a spot in the market. The Parabolic SAR indicator had laid down lines below the candlesticks that restrained a downward breakout occurrence. After a series of green bars, the Awesome Oscillator indicator formed a red closing bar, which suggested the presence of bears in the market. The Money Flow Index indicated that the market sentiment was neutral.
Stellar [XLM] one-hour price chart on Binance
Stellar, during press time, was trading for $0.43 with a 13.67% surge in the last 24-hours. The asset was revealing a bullish notion on its one-hour price chart. The Chaikin Money Flow [CMF] indicator was hanging out with the bulls as the marker was over zero. The Bollinger bands indicator was diverging, which suggested that the altcoin could see some fluctuations in its price.
The Relative Strenght Index [RSI] unveiled a strong buyers’ sentiment as the marker was over 50 median.
Both these assets were exhibiting signs of a potential surge in price. This bullish trend’s persistence could help these coins rise despite the bearish market that has struck the industry.