| Name | Symbol | Market | Market Cap ($) | Algorithm |
|---|---|---|---|---|
| Ethereum | ETHUSD | Crypto | 210,042,247,907 | Not Mineable |
| Price Change | Price Change % | Current Price | Bid Price | Offer | |
|---|---|---|---|---|---|
| -91.11 | -4.95% | 1,749.39 | 1,749.15 | 1,749.33 |
| High Price | Low Price | Open Price | Prev. Close | 52 Week Range |
|---|---|---|---|---|
| 1,845.19 | 1,716.24 | 1,840.48 | 1,840.50 | 880.00 - 2,142.85 |
| Exchange | Last Trade | Size | Trade Price | Currency |
|---|---|---|---|---|
| GDAX | 23:19:24 | 0.005124 | 1,749.39 | USD |
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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