Polkadot (DOT) project climbed to 6th place in Coinmarketcap rating

The value of the DOT token has almost doubled on the eve of the new year. Price jumped from $5 to $9.53 (on Binance)

The 90% increase in the Polkadot price after 12/25/2020 has led to the fact that DOT has moved to 6th place on Coinmarketcap. With this move, Polkadot overtook projects such as Bitcoin Cash (BCH) and Cardano (ADA).

Twitter has seen a significant increase in discussions around the project. The number of tweets is at an all-time high. At the time of this article, the value of the token is consolidating around $9, far above the previous high of $6.90. This price provides good support for the project at the macro level.

On the trading chart, the MACD is showing no signs of exhaustion. However, the daily MFI and RSI are at a high level - around 80. That is, there is a price correction ahead. The pullback will start as soon as the bullish momentum dies down.