Polkadot’s price has been consolidating, but increasing inflows and positive investor sentiment could drive a price rise.
Points
- Polkadot price struggling to recover post-June crash.
- Increasing inflows and positive funding rates indicate bullish investor sentiment.
- Potential price rise if current consolidation range is breached.
Polkadot （DOT） has faced challenges in recovering from its early June crash, but investors remain optimistic. Despite the price struggling to rise, positive funding rates and increasing inflows suggest a bullish sentiment among traders.
The positive funding rate indicates that traders are willing to pay a premium to hold long positions, betting on future price increases. This optimism is supported by a steady upward trend in investment inflows since mid-June, reflecting growing interest and confidence in Polkadot.
To break out of the current consolidation range between $6.5 and $5.5, DOT needs to breach the upper limit. Achieving this could enable a rise to $7, helping to recover recent losses. However, failure to breach this range could prolong the consolidation phase and diminish bullish momentum.
解説
- The positive funding rate shows traders’ willingness to invest in long positions, anticipating future price increases.
- Investment inflows are a strong indicator of market confidence and potential for price growth.
- Breaking out of the current consolidation range is crucial for DOT to achieve a significant price rise.
- Investors should monitor these indicators and market conditions closely to make informed decisions.