{"id":453304,"date":"2020-12-30T07:18:03","date_gmt":"2020-12-30T07:18:03","guid":{"rendered":"https:\/\/uniquehot.com\/?p=453304"},"modified":"2024-06-11T14:12:22","modified_gmt":"2024-06-11T14:12:22","slug":"polkadot-dot-rally-isnt-over-yet","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/polkadot-dot-rally-isnt-over-yet\/","title":{"rendered":"Charted: Polkadot (DOT) Surges 15%, Why Rally Isn\u2019t Over Yet"},"content":{"rendered":"
Polkadot\u2019s DOT started a strong surge after it broke the $5.40 resistance against the US Dollar. It is up over 20% this week, and it even rallied above $7.00.<\/em><\/p>\n
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DOT gained pace above the $5.40 and $6.00 levels to start a fresh increase against the US dollar.<\/li>\n
The price is now trading well above $7.00 and the 100 simple moving average (4-hours).<\/li>\n
There was a break above a major bearish trend line with resistance near $5.40 on the 4-hours chart of the DOT\/USD pair (data source from Kraken).<\/li>\n
The pair traded as high as $7.68 and it is currently correcting lower.<\/li>\n<\/ul>\n
Polkadot\u2019s DOT Rallies Significantly<\/h2>\n
This week, DOT formed a strong support base above the $5.00 level. It started a steady increase and broke a couple of important hurdles near $5.40 to move into a bullish zone.<\/p>\n
It even settled above the $5.50 level and 100 simple moving average (4-hours). More importantly, there was a break above a major bearish trend line with resistance near $5.40 on the 4-hours chart of the DOT\/USD pair.<\/p>\n