DOT soars past $5, flipping Chainlink for the 5th spot

  • Polkadot has, for the first time, made it to the top five with a market cap of $4.56 billion.
  • An increase in buying volume has supported the symmetrical triangle breakout.
  • If the resistance at $5.50 stays put, a reversal could ensue, sabotaging the gains made.

Polkadot has soared into the top five after displacing Chainlink. Data by CoinMarketCap shows DOT with a market cap of $4.56 billion. Polkadot entrance into the top five is not a done deal, considering Chainlink follows with a market cap of $4.51 billion. The question is, can DOT bulls sustain the uptrend?

At the time of writing, Polkadot is trading at $5.36, following an 18% spike over the last 24 hours. Breaking the stubborn resistance at $5.00, paved the way for gains eyeing $10. For now, trading above the seller congestion at $5.5 is the bulls’ priority because it will allow them to shift their

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