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{"id":609393,"date":"2024-05-23T02:58:29","date_gmt":"2024-05-23T02:58:29","guid":{"rendered":"https:\/\/uniquehot.com\/?p=609393"},"modified":"2024-06-11T14:46:07","modified_gmt":"2024-06-11T14:46:07","slug":"polkadot-price-dot-highs-7-7","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/polkadot-price-dot-highs-7-7\/","title":{"rendered":"Polkadot Price Sets Sights on New Highs: DOT Bullish Momentum Building"},"content":{"rendered":"

Polkadot (DOT) is consolidating gains above the $7.40 zone against the US Dollar. The price could start another increase if it clears the $7.70 resistance.<\/em><\/p>\n

\n
DOT gained pace and tested the $7.70 resistance level against the US Dollar.<\/li>\n
The price is trading above the $7.20 zone and the 100-hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support at $7.40 on the hourly chart of the DOT\/USD pair (data source from Kraken).<\/li>\n
The pair could continue to rise if it fails to stay above the $7.20 support.<\/li>\n<\/ul>\n
Polkadot Price Holds Support<\/h2>\n
After forming a base above the $6.80 level, DOT price started a decent increase. It broke many hurdles near $7.20 and even spiked above $7.65. A high was formed at $7.69 and the price is now consolidating gains, like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n
There was a move below the $7.50 support zone. The price declined below the 23.6% Fib retracement level of the upward move from the $6.91 swing low to the $7.69 high.<\/p>\n
DOT is now trading above the $7.20 zone and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $7.40 on the hourly chart of the DOT\/USD pair. Immediate resistance is near the $7.70 level.<\/p>\n
$\"Polkadot$ <\/a>
Source: DOTUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next major resistance is near $7.80. A successful break above $7.80 could start another strong rally. In the stated case, the price could easily rally toward $8.20 in the near term. The next major resistance is seen near the $8.50 zone.<\/p>\n
More Downsides in DOT?<\/h2>\n
If DOT price fails to start a fresh increase above $7.70, it could continue to move down. The first key support is near the $7.40 level and the trend line.<\/p>\n
The next major support is near the $7.30 and the 100 simple moving average (4 hours) or the 50% Fib retracement level of the upward move from the $6.91 swing low to the $7.69 high, below which the price might decline to $7.00. Any more losses may perhaps open the doors for a move toward the $6.90 support zone or $6.80.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for DOT\/USD is now gaining momentum in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for DOT\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $7.40, $7.30 and $7.10.<\/p>\n
Major Resistance Levels \u2013 $7.70, $7.80, and $8.20.<\/p>\n","protected":false},"excerpt":{"rendered":"
Polkadot (DOT) is consolidating gains above the $7.40 zone against the US Dollar. The price could start another increase if it clears the $7.70 resistance. DOT gained pace and tested the $7.70 resistance level against the US Dollar. The price is trading above the $7.20 zone and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $7.40 on the hourly chart of the DOT\/USD pair (data source from Kraken). The pair could continue to rise if it fails to stay above the $7.20 support. Polkadot Price Holds Support After forming a base above the $6.80 level, DOT price started a decent increase. It broke many hurdles near $7.20 and even spiked above $7.65. A high was formed at $7.69 and the price is now consolidating gains, like Ethereum and Bitcoin. There was a move below the $7.50 support zone. The price declined below the 23.6% Fib retracement level of the upward move from the $6.91 swing low to the $7.69 high. DOT is now trading above the $7.20 zone and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $7.40 on the hourly chart of the DOT\/USD pair. Immediate resistance is near the $7.70 level. The next major resistance is near $7.80. A successful break above $7.80 could start another strong rally. In the stated case, the price could easily rally toward $8.20 in the near term. The next major resistance is seen near the $8.50 zone. More Downsides in DOT? If DOT price fails to start a fresh increase above $7.70, it could continue to move down. The first key support is near the $7.40 level and the trend line. The next major support is near the $7.30 and the 100 simple moving average (4 hours) or the 50% Fib retracement level of the upward move from the $6.91 swing low to the $7.69 high, below which the price might decline to $7.00. Any more losses may perhaps open the doors for a move toward the $6.90 support zone or $6.80. Technical Indicators Hourly MACD \u2013 The MACD for DOT\/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for DOT\/USD is now above the 50 level. Major Support Levels \u2013 $7.40, $7.30 and $7.10. Major Resistance Levels \u2013 $7.70, $7.80, and $8.20.<\/p>\n","protected":false},"author":67,"featured_media":609395,"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-609393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dotbtc","tag-dotusd","tag-dotusdt","tag-polkadot"],"acf":[],"yoast_head":"\nPolkadot Price Sets Sights on New Highs: DOT Bullish Momentum Building<\/title>\n<meta name=\"description\" content=\"Polkadot (DOT) is consolidating gains above the $7.40 zone against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Polkadot Price Sets Sights on New Highs: DOT Bullish Momentum Building","url":"http:\/\/uniquehot.com\/news\/polkadot-price-dot-highs-7-7\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/polkadot-price-dot-highs-7-7\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/DOT-Price-AIms-Higher.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/DOT-Price-AIms-Higher.jpg?fit=1792%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["dotbtc","dotusd","dotusdt","polkadot"],"dateCreated":"2024-05-23T02:58:29Z","datePublished":"2024-05-23T02:58:29Z","dateModified":"2024-06-11T14:46:07Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Polkadot Price Sets Sights on New Highs: DOT Bullish Momentum Building\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/polkadot-price-dot-highs-7-7\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/polkadot-price-dot-highs-7-7\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/DOT-Price-AIms-Higher.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/DOT-Price-AIms-Higher.jpg?fit=1792%2C1024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"dotbtc\",\"dotusd\",\"dotusdt\",\"polkadot\"],\"dateCreated\":\"2024-05-23T02:58:29Z\",\"datePublished\":\"2024-05-23T02:58:29Z\",\"dateModified\":\"2024-06-11T14:46:07Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/DOT-Price-AIms-Higher.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/609393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=609393"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/609393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/609395"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=609393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=609393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=609393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}