DOT Price (Polkadot) Surge to $5.5 – Are Bulls Ready For This?
02 Novembre 2023 - 5:58AM
NEWSBTC
Polkadot (DOT) is gaining pace above the $4.50 resistance against
the US Dollar. The price could surge toward $5.5 if it clears the
$4.80 resistance. DOT is slowly moving higher above the $4.50
resistance zone against the US Dollar. The price is trading above
the $4.60 zone and the 100 simple moving average (4 hours). There
is a key bullish trend line forming with support near $4.50 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 $4.80
and $4.85. Polkadot Price Regains Strength After forming a base
above the $4.00 handle, DOT price started a decent increase. The
price was able to clear the key barrier at $4.20 to enter a
positive zone, like Bitcoin and Ethereum. Polkadot cleared the
$4.50 resistance zone and the 100 simple moving average (4 hours).
It traded to a new multi-week high at $4.803 and is now
consolidating gains. It is well above the 23.6% Fib retracement
level of the upward move from the $4.046 swing low to the $4.803
high. DOT price is now trading above the $4.60 zone and the 100
simple moving average (4 hours). There is also a key bullish trend
line forming with support near $4.50 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 $4.046 swing low to the $4.803
high. Source: DOTUSD on TradingView.com Immediate resistance is
near the $4.80 level. The next major resistance is near $4.85. A
successful break above $4.85 could start another strong rally. In
the stated case, the price could easily rally toward $5.20 in the
coming days. The next major resistance is seen near the $5.50 zone.
Are Dips Supported in DOT? If DOT price fails to continue higher
above $4.80 or $4.85, it could start a downside correction. The
first key support is near the $4.62 level. The next major support
is near the $4.50 level and the trend line, below which the price
might decline to $4.35. Any more losses may perhaps open the doors
for a move toward the $4.20 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 – $4.62,
$4.50 and $4.20. Major Resistance Levels – $4.80, $4.85, and $5.50.
Polkadot (COIN:DOTUSD)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Polkadot (COIN:DOTUSD)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024