Polkadot Price Hits Third Resistance Level This Month: Will it Finally Break?

Polkadot's (DOT) price has been stuck at the $1.2736 resistance level for three times this month, but analysts believe that a third try is often the one that finally works.

The cryptocurrency spent May and June in a steady decline, falling from around $1.30 to a low near $0.75 by early August.

Since then, the recovery has come in bursts, with DOT price reaching $1.19 in early September, pulling back to around $1.05, and then climbing again to $1.2736.

The level has turned back three separate attempts: around September 19-20, again around September 27, and now today, with the DOT price sitting at $1.2050 up 5% after touching a high of $1.2192.