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»ALTCOIN NEWS»The price of Polkadot has surpassed $7. How does this affect DOT’s forecast?
ALTCOIN NEWS

The price of Polkadot has surpassed $7. How does this affect DOT’s forecast?

By Crypto FlexsDecember 11, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The price of Polkadot has surpassed .  How does this affect DOT’s forecast?
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: December 11, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author.

  • The market structure has remained strong due to overwhelming buying power over the past five days.
  • If DOT closes the session below $6.8, it is likely to retest the $6.3 level.

Polkadot (DOT) has tilted strongly northward so far in December. Despite falling from $7.68 over the weekend, the altcoin maintained a bullish market structure. The recent decline in Bitcoin (BTC) has also set DOT back considerably.

A near-term resistance level just above $7 could reject the bulls if DOT rebounds in the coming hours or days. What should traders look out for next?

The short-term move, followed by a retracement, provided clarity on the way forward.

polka dotpolka dot

Source: DOT/USD, TradingView

From December 7 to December 9, DOT quickly rose from $5.9 to $7.69. Soon after, the bulls fought back and the price briefly fell to $6.285 a few hours before press time.

The explosive rally above $7 used to draw a series of Fibonacci retracement levels (turquoise). The 78.6% retracement level was $6.284 and the Polkadot price was withdrawn. So two scenarios are possible: What is optimistic is that DOT does not fall below $6.8 and rises higher.

A slightly bearish scenario would be a slow decline towards $6.285 once again, at least in the short term. After this decline, the upward trend may resume. In both cases, the next bullish target north is $7.9. This is a higher period resistance level. The $8.21 and $8.8 levels could also deter buyers.

According to liquidation data, a rebound above $7 is likely.

polka dotpolka dot

Source: Highblock

AMBCrypto analyzed Hyblock’s liquidation level data. Cumulative Liq level delta has been steadily decreasing over the past few days. It recently fell to $6.3 and went into the red, suggesting that the uptrend could cause pain in the futures market.


Read Polkadot (DOT) Price Prediction for 2023-24


The low leverage short position was opened on December 11 with an expected liquidation level of $7.12. Combined with negative delta, this allows for a price rally to gather liquidity before a reversal is possible.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The PBK Miner uses XRP mining to start a stable and efficient income method to easily earn $ 18,000 a day.

July 10, 2025

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

Crypto Company is a bank license in the US during Ripple, Circle and Bito Target

July 14, 2025

HeraldEX Defines The Future With Its One-Stop Crypto Platform For Businesses

July 14, 2025

BSGM Engages CXG To Acquire FINRA/SEC-Registered Broker-Dealer To Expand Publicly Traded RWA Tokenization Operations

July 14, 2025

Tornado cash Roman storms insist on Doj Botched Key Telegram evidence.

July 14, 2025

HBAR prices overtake Bitcoin cash after a 4 -month high and 27% rise.

July 14, 2025

Algorand (Algo) Get momentum in the launch and technical growth.

July 14, 2025

Floki Eyes 120% Rally Valhalla launches $ 10K prizes after explosive weekly growth

July 13, 2025

Crypto Digital Marketing Agency to Elevate Your Project

July 13, 2025

Encryption responded to US-Vietnamese trade transactions. BTC wiped $ 110K

July 13, 2025

Rich Miner plan aims to audit a stable encryption.

July 12, 2025

Tethers in September, completing USDT support for Omni, Bitcoin Cash SLP, KUSAMA, EOS and Algorand

July 12, 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

Crypto Company is a bank license in the US during Ripple, Circle and Bito Target

July 14, 2025

HeraldEX Defines The Future With Its One-Stop Crypto Platform For Businesses

July 14, 2025

BSGM Engages CXG To Acquire FINRA/SEC-Registered Broker-Dealer To Expand Publicly Traded RWA Tokenization Operations

July 14, 2025
Most Popular

US digital asset outflows hit $721 million amid rate cut uncertainty, Europe shows resilience

September 9, 2024

‘Smart money’ traders accumulate one more memecoin based on dogwifhat (WIF) and Solana: Lookonchain

April 3, 2024

The following cryptocurrencies will explode on Thursday April 18th – Pyth Network, Dogecoin, Injective

April 19, 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.