{"id":606980,"date":"2024-05-08T05:30:58","date_gmt":"2024-05-08T05:30:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=606980"},"modified":"2024-06-11T14:45:36","modified_gmt":"2024-06-11T14:45:36","slug":"dot-price-polkadot-juncture-7-0","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dot-price-polkadot-juncture-7-0\/","title":{"rendered":"DOT Price (Polkadot) Reaches Key Juncture, Is This Bulls Trap or Correction?"},"content":{"rendered":"
Polkadot (DOT) is correcting gains from the $7.5 resistance against the US Dollar. The price could start another increase if it stays above the $6.75 support.<\/em><\/p>\n
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DOT gained pace and tested the $7.5 resistance level against the US Dollar.<\/li>\n
The price is trading above the $7.00 zone and the 100 simple moving average (4 hours).<\/li>\n
There is a short-term expanding triangle forming with resistance at $7.50 on the 4-hour chart of the DOT\/USD pair (data source from Kraken).<\/li>\n
The pair could continue to decline if it fails to stay above the $6.75 support.<\/li>\n<\/ul>\n
Polkadot Price Holds Support<\/h2>\n
After forming a base above the $6.00 level, DOT price started a decent increase. It broke many hurdles near $6.75 and even spiked above $7.25. A high was formed at $7.46 and the price is now correcting gains, like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n