Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»DOT price (Polkadot) is up 10%, why can the uptrend reach $12?
EXCHANGE NEWS

DOT price (Polkadot) is up 10%, why can the uptrend reach $12?

By Crypto FlexsMarch 7, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
DOT price (Polkadot) is up 10%, why can the uptrend reach ?
Share
Facebook Twitter LinkedIn Pinterest Email

Polkadot (DOT) is rising above the $10.00 resistance level against the US dollar. The price may continue its upward trend towards the $12.00 level in the near term.

  • DOT is on pace to break above the $9.80 and $10.00 levels against the US dollar.
  • The price is trading above the $10.00 area and the 100 simple moving average (4-hours).
  • On the 4-hours chart of the DOT/USD pair, there is a major bullish trendline forming around support at $9.10 (data source from Kraken).
  • The pair may continue to rise towards the $12 resistance zone.

Polkadot price resumes rally

After forming a base above the $8.00 level, DOT price began a new bounce. It rose more than 20% in a matter of days, sometimes even surpassing Ethereum and Bitcoin.

There was a clear move above the $9.50 and $10.00 resistance levels. The price traded at a new multi-month high of $11.00 and is currently consolidating gains. There was a slight decline below the $10.75 level. The price is still above the 23.6% Fib retracement level of the upward move from the $8.26 swing low to the $11.00 high.

DOT is currently trading well above the $10.00 area and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support at $9.10 on the 4-hours chart of the DOT/USD pair. The trend line is close to the 61.8% Fib retracement level rising from the $8.26 swing low to the $11.00 high.

Source: DOTUSD on TradingView.com

Immediate resistance is near the $10.75 level. The next major resistance is near $11.00. A successful break above $11.00 could start another strong rally. If stated, the price could easily rise to $12.00 in the short term. The next major resistance is seen near the $13.50 area.

Are dips supported in DOT?

If DOT price fails to start a new rally above $11.00, a downward correction could begin. The first major support is near the $10.35 level.

The next major support is near the $10.00 level, below which the price may fall towards $9.50. Any more losses could open the door for a move towards the $9.20 support or trendline.

technical indicators

4-Hour MACD – The MACD for DOT/USD is now gaining momentum in bullish territory.

4-Hour RSI (Relative Strength Index) – The RSI for DOT/USD is now above the 50 level.

Key support levels – $10.35, $10.00 and $9.50.

Key resistance levels – $10.75, $11.00, $12.00.

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Pudgy Penguins

August 28, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025

Ether Lee’s price retreat, a market for watching $ 4,200 for the next movement

August 19, 2025
Add A Comment

Comments are closed.

Recent Posts

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025
Most Popular

Craig Wright’s trial included a ninja anecdote cited as evidence that he was Bitcoin founder Satoshi Nakamoto.

February 18, 2024

Ethereum Price Expected to Rise Further: What Does the Future Hold for ETH?

August 7, 2024

Citi-backed cryptocurrency unicorn Talos acquires DeFi platform Skolem

May 30, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.