DOT Price (Polkadot) Prediction: Break Above $6.80 Could Spark Fresh Rally

Name	Symbol	Market	Market Cap ($)	Algorithm
Polkadot	DOTUSD	Crypto	9,171,182,694	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Polkadot

DOTUSD

Crypto

9,171,182,694

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	6.92	6.92	6.92

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

6.92

High Price	Low Price	Open Price	Prev. Close	52 Week Range
7.00	6.84	6.93	6.92	3.56 - 12.01

High Price

Low Price

Open Price

Prev. Close

52 Week Range

7.00

6.84

6.93

6.92

3.56 - 12.01

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	03:11:59	637.84	6.92	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

03:11:59

637.84

6.92

USD

Price x Volume	Volume	Base Symbol	Related Pairs
404,556.31	58,308.12	DOT	DOTEUR	DOTGBP	DOTBTC

Price x Volume

Volume

Base Symbol

Related Pairs

404,556.31

58,308.12

DOT Price (Polkadot) Prediction: Break Above $6.80 Could Spark Fresh Rally

03/02/2023 5:07am

NEWSBTC

Polkadot’s DOT started a fresh increase from the $6.00 support against the US Dollar. It is consolidating gains and might start a fresh rally above $6.80. DOT is holding the ground above the $6.00 and $6.20 levels against the US dollar. The price is trading above the $6.30 support and the 100 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $6.20 on the 4-hours chart of the DOT/USD pair (data source from Kraken). The pair could start a strong rally once it clears the $6.80 and $7.00 resistance levels. Polkadot’s DOT Eyes Fresh Surge After forming a base above the $6.00 zone, DOT price started a fresh increase. It climbed above the $6.05 and $6.10 levels to move back into a positive zone. The bulls were able to push the price above the $6.20 level and 100 simple moving average (4-hours). Besides, there was a break above a key bearish trend line with resistance near $6.20 on the 4-hours chart of the DOT/USD pair. A high is formed near $6.90 and the price is now consolidating gains, similar to bitcoin and ethereum. There was a move below the $6.70 level. It declined below the 23.6% Fib retracement level of the upward move from the $6.03 swing low to $6.90 high. Dot price is now trading above the $6.30 support and the 100 simple moving average (4-hours). An immediate resistance is near the $6.80 level. The main resistance is near the $6.95 and $7.00 levels. Source: DOTUSD on TradingView.com A successful break above $6.80 and a close above $7.00 could start a strong rally. In the stated case, the price could easily rally towards $7.60 or even $7.80. Dips Limited? If DOT price fails to continue higher above $6.80 or $6.95, there could be a downside correction. The first key support is near the $6.45 and $6.48 levels. The next major support is near the $6.35 level or the 61.8% Fib retracement level of the upward move from the $6.03 swing low to $6.90 high. Any more losses may perhaps open the doors for a move towards the $6.00 support zone. 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 – $6.45, $6.35 and $6.00. Major Resistance Levels – $6.80, $6.95 and $7.00.

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DOTUSD Polkadot