DOT Price (Polkadot) Spikes 5% and Primed To Surge Toward $6

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	12,089,627,427	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

12,089,627,427

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.000225	-0.16%	0.137339	0.137301	0.137343

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.000225

-0.16%

0.137339

0.137301

0.137343

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.137743	0.136943	0.137564	0.137564	0.071373 - 0.144371

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.137743

0.136943

0.137564

0.071373 - 0.144371

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	13:38:59	24.77	0.137339	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

13:38:59

24.77

0.137339

USD

Price x Volume	Volume	Base Symbol	Related Pairs
33,833.53	246,506.23	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

33,833.53

246,506.23

DOT Price (Polkadot) Spikes 5% and Primed To Surge Toward $6

01/12/2023 4:58am

NEWSBTC

Polkadot (DOT) is gaining pace above the $5.25 resistance against the US Dollar. The price could surge further toward the $5.85 and $6.00 levels. DOT is gaining pace above the $5.25 resistance zone against the US Dollar. The price is trading above the $5.30 zone and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $5.55 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above $5.55 and $5.60. Polkadot Price Regains Strength After consolidating above the $5.00 support, DOT price started a decent increase. The price was able to clear the $5.20 and $5.25 resistance levels to move into a positive zone, like Bitcoin and Ethereum. Polkadot cleared the 100 simple moving average (4 hours) and tested the $5.60 resistance. A high is formed near $5.58 and the price is now consolidating gains. It is up nearly 5% and shows signs of more gains in the coming sessions. DOT price is now trading above the $5.30 zone and the 100 simple moving average (4 hours). Immediate resistance is near the $5.55 level. There is also a key bearish trend line forming with resistance near $5.55 on the 4-hour chart of the DOT/USD pair. Source: DOTUSD on TradingView.com The next major resistance is near $5.60. A successful break above $5.60 could start another strong rally. In the stated case, the price could easily rally toward $5.85 in the near term. The next major resistance is seen near the $6.00 zone. Are Dips Supported in DOT? If DOT price fails to continue higher above $5.55 or $5.60, it could start a downside correction. The first key support is near the $5.35 level. The next major support is near the $5.30 level or the 61.8% Fib retracement level of the upward move from the $5.11 swing low to the $5.58 high, below which the price might decline to $5.10. Any more losses may perhaps open the doors for a move toward the $5.00 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 – $5.30, $5.10 and $5.00. Major Resistance Levels – $5.55, $5.60, and $6.00.

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