DOT Price (Polkadot) Pumps 15% As Bulls Aim For Surge To $10
11 Gennaio 2024 - 6:28AM
NEWSBTC
Polkadot (DOT) is gaining pace above the $7.50 resistance against
the US Dollar. The price is up nearly 15% and might rise further
toward $10.00. DOT is showing heavy bullish signs from the $6.65
support against the US Dollar. The price is trading above the $8.00
zone and the 100 simple moving average (4 hours). There was a break
above a key bearish trend line with resistance near $7.80 on the
4-hour chart of the DOT/USD pair (data source from Kraken). The
pair could continue to rally unless the bears are able to defend
the $8.88 resistance zone. Polkadot Price Restarts Rally After a
steady decline, DOT price found support near the $6.65 zone. A low
was formed at $6.64 and Polkadot recently started a fresh increase.
The price was able to clear the $6.85 and $7.00 resistance levels
to move into a positive zone, like Bitcoin and Ethereum. There was
a break above a key bearish trend line with resistance near $7.80
on the 4-hour chart of the DOT/USD pair. The pair even surpassed
the 50% Fib retracement level of the downward move from the $9.58
swing high to the $6.64 low. DOT is now trading above the $8.00
zone and the 100 simple moving average (4 hours). Immediate
resistance is near the $8.45 level. The next major resistance is
near $8.88 or the 76.4% Fib retracement level of the downward move
from the $9.58 swing high to the $6.64 low. Source: DOTUSD on
TradingView.com A successful break above $8.88 could start another
strong rally. In the stated case, the price could easily rally
toward $9.50 in the near term. The next major resistance is seen
near the $10.00 zone. Are Dips Supported in DOT? If DOT price fails
to start a fresh increase above $8.45, it could start a fresh
decline. The first key support is near the $7.80 level and the same
trend line. The next major support is near the $7.50 level, below
which the price might decline to $7.00. Any more losses may perhaps
open the doors for a move toward the $6.65 support zone. Technical
Indicators 4-Hours MACD – The MACD for DOT/USD is now gaining
momentum in the bullish zone. 4-Hours RSI (Relative Strength Index)
– The RSI for DOT/USD is now above the 50 level. Major Support
Levels – $7.80, $7.500 and $7.00. Major Resistance Levels – $8.45,
$8.88, and $9.50.
Grafico Azioni Polkadot (COIN:DOTUSD)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Polkadot (COIN:DOTUSD)
Storico
Da Apr 2023 a Apr 2024