Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»The DOT price (Polkadot) is expected to break the $10 mark and rise further.
EXCHANGE NEWS

The DOT price (Polkadot) is expected to break the $10 mark and rise further.

By Crypto FlexsMarch 4, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The DOT price (Polkadot) is expected to break the  mark and rise further.
Share
Facebook Twitter LinkedIn Pinterest Email

Polkadot (DOT) is trending upwards above the $8.80 resistance level against the US dollar. If the price settles above the $10 barrier, the rally could be extended.

  • DOT is trending upwards above the $8.50 and $8.80 levels against the US dollar.
  • The price is trading in the $9.00 area and above 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 $9.20 (data source from Kraken).
  • If the bears are unable to defend the $10 resistance zone, the pair may continue to rise.

Polkadot price begins rally again

DOT price formed a base above the $7.50 level and then began a steady rise. It rose more than 25% in a matter of days, sometimes even outperforming Ethereum and Bitcoin.

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 was formed near $9.89 and the price is currently on an upward trend. The bullish move from the $8.57 swing low to the $9.89 high remains above the 23.6% Fib retracement level.

DOT is currently trading above the $9.00 area and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support at $9.20 on the 4-hours chart of the DOT/USD pair. The trend line is close to the 50% Fib retracement level rising 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. 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 $10.00, a downward correction could begin. The first major support is near the $9.50 level.

The next major support is near the $9.20 level, below which the price may fall towards $8.80. Any further losses could open the door for a move towards $8.50 support.

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 – $9.50, $9.20 and $8.50.

Key resistance levels – $9.85, $10.00, $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

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 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

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

There could be another opportunity for the Ethereum price to show strength: Here’s how.

March 28, 2024

The 1.x Files: The Stateless Ethereum Tech Tree

February 13, 2024

Introducing Anomaly: AI-powered layer 3 for games powered by Arbitrum Orbit, built on Gelato RaaS

April 17, 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.