DOT Price (Polkadot) Looks Set To Crush $10 And Rally Further

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	398,118,858,511	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

398,118,858,511

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	33.17	1.01%	3,308.94	3,308.93	3,308.94

Price Change

Price Change %

Current Price

Bid Price

Offer

33.17

1.01%

3,308.94

3,308.93

3,308.94

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,318.66	3,242.86	3,268.77	3,275.69	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,318.66

3,242.86

3,268.77

3,275.69

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:23:12	0.012659	3,308.94	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

14:23:12

0.012659

3,308.94

USD

Price x Volume	Volume	Base Symbol	Related Pairs
63,044,084.76	19,278.20	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

63,044,084.76

19,278.20

DOT Price (Polkadot) Looks Set To Crush $10 And Rally Further

04/03/2024 5:28am

NEWSBTC

Polkadot (DOT) is gaining pace above the $8.80 resistance against the US Dollar. The price could extend its rally once it settles above the $10 barrier. DOT is gaining pace above the $8.50 and $8.80 levels against the US Dollar. The price is trading above the $9.00 zone and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $9.20 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 $10 resistance zone. Polkadot Price Restarts Rally After forming a base above the $7.50 level, DOT price started a steady increase. It gained over 25% in a few days and even outperformed Ethereum and Bitcoin at times. There was a clear move above the $8.50 and $8.80 resistance levels. The price even traded close to the $10.00 level. A new multi-week high is formed near $9.89 and the price is now consolidating gains. It is holding gains above the 23.6% Fib retracement level of the upward move from the $8.57 swing low to the $9.89 high. DOT is now trading above the $9.00 zone and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $9.20 on the 4-hour chart of the DOT/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $8.57 swing low to the $9.89 high. Source: DOTUSD on TradingView.com Immediate resistance is near the $9.85 level. The next major resistance is near $10.00. A successful break above $10.00 could start another strong rally. In the stated case, the price could easily rally toward $12.00 in the near term. The next major resistance is seen near the $13.50 zone. Are Dips Supported in DOT? If DOT price fails to start a fresh increase above $10.00, it could start a downside correction. The first key support is near the $9.50 level. The next major support is near the $9.20 level, below which the price might decline to $8.80. Any more losses may perhaps open the doors for a move toward the $8.50 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 – $9.50, $9.20 and $8.50. Major Resistance Levels – $9.85, $10.00, and $12.00.

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