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{"id":572063,"date":"2024-01-29T05:28:44","date_gmt":"2024-01-29T05:28:44","guid":{"rendered":"https:\/\/uniquehot.com\/?p=572063"},"modified":"2024-06-11T14:45:06","modified_gmt":"2024-06-11T14:45:06","slug":"dot-price-polkadot-uptrend-8-50","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dot-price-polkadot-uptrend-8-50\/","title":{"rendered":"DOT Price (Polkadot) Uptrend To Continue? These Could Be The Factors To Watch"},"content":{"rendered":"

Polkadot (DOT) is gaining pace above the $6.80 resistance against the US Dollar. The price could gain bullish momentum if it clears the $7.28 resistance.<\/em><\/p>\n

\n
DOT is trading in a positive zone from the $6.00 support against the US Dollar.<\/li>\n
The price is trading near the $7.00 zone and the 100 simple moving average (4 hours).<\/li>\n
There was a break above a key bearish trend line with resistance near $6.50 on the 4-hour chart of the DOT\/USD pair (data source from Kraken).<\/li>\n
The pair could continue to rise unless the bears are able to defend the $7.28 resistance zone.<\/li>\n<\/ul>\n
Polkadot Price Restarts Increase<\/h2>\n
After a steady decline, DOT price found support near the $6.00 zone. A low was formed at $5.97 and Polkadot recently started a fresh increase. The price was able to clear the $6.20 and $6.50 resistance levels to move into a positive zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
There was a break above a key bearish trend line with resistance near $6.50 on the 4-hour chart of the DOT\/USD pair. The pair even surpassed the 23.6% Fib retracement level of the downward move from the $8.58 swing high to the $5.97 low.<\/p>\n
DOT is now trading near the $7.00 zone and the 100 simple moving average (4 hours). Immediate resistance is near the $7.20 level. The next major resistance is near $7.28 or the 50% Fib retracement level of the downward move from the $8.58 swing high to the $5.97 low.<\/p>\n
$\"DOT$ <\/a><\/p>\n
Source: DOTUSD on TradingView.com<\/a><\/p>\n
A successful break above $7.28 could start another strong rally. In the stated case, the price could easily rally toward $8.00 in the near term. The next major resistance is seen near the $8.50 zone.<\/p>\n
Are Dips Supported in DOT?<\/h2>\n
If DOT price fails to start a fresh increase above $7.28, it could start a fresh decline. The first key support is near the $6.60 level.<\/p>\n
The next major support is near the $6.00 level, below which the price might decline to $5.65. Any more losses may perhaps open the doors for a move toward the $5.32 support zone.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for DOT\/USD is now gaining momentum in the bullish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOT\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $6.60, $6.00 and $5.65.<\/p>\n
Major Resistance Levels \u2013 $7.28, $8.00, and $8.50.<\/p>\n","protected":false},"excerpt":{"rendered":"
Polkadot (DOT) is gaining pace above the $6.80 resistance against the US Dollar. The price could gain bullish momentum if it clears the $7.28 resistance. DOT is trading in a positive zone from the $6.00 support against the US Dollar. The price is trading near the $7.00 zone and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $6.50 on the 4-hour chart of the DOT\/USD pair (data source from Kraken). The pair could continue to rise unless the bears are able to defend the $7.28 resistance zone. Polkadot Price Restarts Increase After a steady decline, DOT price found support near the $6.00 zone. A low was formed at $5.97 and Polkadot recently started a fresh increase. The price was able to clear the $6.20 and $6.50 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 $6.50 on the 4-hour chart of the DOT\/USD pair. The pair even surpassed the 23.6% Fib retracement level of the downward move from the $8.58 swing high to the $5.97 low. DOT is now trading near the $7.00 zone and the 100 simple moving average (4 hours). Immediate resistance is near the $7.20 level. The next major resistance is near $7.28 or the 50% Fib retracement level of the downward move from the $8.58 swing high to the $5.97 low. Source: DOTUSD on TradingView.com A successful break above $7.28 could start another strong rally. In the stated case, the price could easily rally toward $8.00 in the near term. The next major resistance is seen near the $8.50 zone. Are Dips Supported in DOT? If DOT price fails to start a fresh increase above $7.28, it could start a fresh decline. The first key support is near the $6.60 level. The next major support is near the $6.00 level, below which the price might decline to $5.65. Any more losses may perhaps open the doors for a move toward the $5.32 support zone. Technical Indicators 4-Hours MACD \u2013 The MACD for DOT\/USD is now gaining momentum in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOT\/USD is now above the 50 level. Major Support Levels \u2013 $6.60, $6.00 and $5.65. Major Resistance Levels \u2013 $7.28, $8.00, and $8.50.<\/p>\n","protected":false},"author":67,"featured_media":542290,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[82446,82444,82445,9753],"class_list":["post-572063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dotbtc","tag-dotusd","tag-dotusdt","tag-polkadot"],"acf":[],"yoast_head":"\nDOT Price (Polkadot) Uptrend To Continue? 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