DOT Price (Polkadot) Prediction: Bulls Aim Fresh Surge To $7

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,175,755,418,859	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,175,755,418,859

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-3,815.83	-5.98%	60,021.79	60,019.81	60,020.78

Price Change

Price Change %

Current Price

Bid Price

Offer

-3,815.83

-5.98%

60,021.79

60,019.81

60,020.78

High Price	Low Price	Open Price	Prev. Close	52 Week Range
64,727.81	59,040.30	63,780.29	63,837.62	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

64,727.81

59,040.30

63,780.29

63,837.62

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:12:21	0.001616	60,022.43	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:12:21

0.001616

60,022.43

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,509,748,690.83	24,720.52	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

1,509,748,690.83

24,720.52

DOT Price (Polkadot) Prediction: Bulls Aim Fresh Surge To $7

29/03/2023 6:08am

NEWSBTC

Polkadot’s DOT started a fresh increase above the $6.00 resistance against the US Dollar. The price is now approaching a major break and might eye a test of $7. DOT is slowly moving higher above the $6.0 resistance zone against the US dollar. The price is trading near the $6.20 zone and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $6.12 on the 4-hours chart of the DOT/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above the $6.20 resistance. Polkadot’s DOT Price Gains Momentum After forming a base above the $5.80 zone, DOT price started a fresh increase. It climbed above the $5.88 and $5.95 levels to move back into a positive zone, similar to bitcoin and ethereum. The bulls were able to push the price above the $6.00 level and the 100 simple moving average (4-hours). There was a clear move above the 23.6% Fib retracement level of the downward move from the $6.71 swing high to $5.75 low. Besides, there was a break above a major bearish trend line with resistance near $6.12 on the 4-hours chart of the DOT/USD pair. The price is now trading near the $6.20 zone and the 100 simple moving average (4-hours). Source: DOTUSD on TradingView.com An immediate resistance is near the $6.20 level. It is near the 50% Fib retracement level of the downward move from the $6.71 swing high to $5.75 low. A successful break above $6.20 and a close above $6.25 could start a strong rally. In the stated case, the price could easily rally towards $6.50 or even $6.80 in the coming sessions. Dips Limited? If DOT price fails to continue higher above $6.15 or $6.20, it could start a downside correction. The first key support is near the $6.05 level. The next major support is near the $6.00 level, below which the price might decline to $5.75. Any more losses may perhaps open the doors for a move towards the $5.50 support zone in the coming sessions. 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 – $6.05, $6.00 and $5.75. Major Resistance Levels – $7.20, $7.50 and $7.80.

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