Polkadot, who had a strong outlook at the time of this article, could rise to another ATH at the end of the bullish cycle. IOTA, on the other hand, seems to lack sufficient trading volume for an upward break beyond the $ 1.46 resistance level.
Polkadot (DOT) price analysis
Polkadot’s bull run is currently continuing to push the price upward on the charts, with DOT trading above $ 30. The cryptocurrency has risen well over the past 30 days and has recorded gains of over 80%. The uptrend is clearly visible in the 4-hour time frame.
The CMF moved up above the midline and the DOT showed that inflows were strong as the DOT attempted a fresh rise in the next few sessions. The MACD line moved above the Signal line and the histogram noticed a drop in bullish momentum. However, the bulls could maintain the $ 29.5 support level even in a bearish scenario.
IOTA price analysis
IOTA moved toward the $ 1 level after the bearish twin peak setup on the Awesome Oscillator. After the price of the crypto rallied from the level mentioned above, gains were capped at the $ 1.46 resistance level. At the time of this writing, the Stochastic RSI is in the overbought territory after its bullish trend.
The increase in 24-hour trading volumes may even push IOTA above its upper ceiling. On the downside, the bearish scenario may result in IOTA falling to the $ 1 level once again.