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Will the DOT price (Polkadot) rise continue?
๐ฅThe Polkadot Exchange Rate against the US dollar is gradually breaking through the $6.80 resistance level. If the $7.28 resistance level is breached, the price will gain bullish momentum.
The DOT Exchange Rate against the US dollar began trading in the positive zone from the support level of $6.00.
THE PRICE IS TRADING NEAR THE $7.00 AREA AND THE 100 SIMPLE MA (4-HOUR).
On the 4-hour chart of the DOT/USD currency pair (data from Kraken), the price broke through the key bearish trend line with resistance near $6.50.
The pair is likely to continue to rise unless the Bear Market is able to hold the $7.28 resistance zone.
๐ฅ Dot prices have started to rise again
After a sustained decline, the DOT price found support near $6.00. After forming a low at $5.97, Polkadot recently started a new round of gains. The price was able to clear the resistance levels of $6.20 and $6.50, moving into positive territory like Bitcoin and Ethereum.
On the 4-hour chart of the DOT/USD currency pair, the price broke through the key bearish trend line with resistance near $6.50. The pair even broke through the 23.6% Fibo retracement level of the downward movement from the $8.58 swing high to the $5.97 low.
๐ฅDOT is currently trading near the $7.00 area and the 100 simple moving average (4-hour). The near-term resistance is near the $7.20 level. The next major resistance is near the $7.28 level, or the 50% Fibo retracement level of the downward movement from the $8.58 band high to the $5.97 low.
A successful break above $7.28 could open another strong rebound. In the above scenario, the price could easily rebound to $8.00 in the short term. The next major resistance is near the $8.50 level.
๐ฅ Technical Indicators
4-hour MACD - The MACD of DOT/USD is currently gaining momentum in the bullish zone.
4-hour RSI (Relative Strength Index) - The RSI for DOT/USD is currently above the 50 level.
Major support levels - $6.60, $6.00 and $5.65.
Major resistance levels - $7.28, $8.00 and $8.50.
#DOT #DOT๐ฅ๐๐ #DOTPrice #dots #etf
$DOT
๐ฅThe Polkadot Exchange Rate against the US dollar is gradually breaking through the $6.80 resistance level. If the $7.28 resistance level is breached, the price will gain bullish momentum.
The DOT Exchange Rate against the US dollar began trading in the positive zone from the support level of $6.00.
THE PRICE IS TRADING NEAR THE $7.00 AREA AND THE 100 SIMPLE MA (4-HOUR).
On the 4-hour chart of the DOT/USD currency pair (data from Kraken), the price broke through the key bearish trend line with resistance near $6.50.
The pair is likely to continue to rise unless the Bear Market is able to hold the $7.28 resistance zone.
๐ฅ Dot prices have started to rise again
After a sustained decline, the DOT price found support near $6.00. After forming a low at $5.97, Polkadot recently started a new round of gains. The price was able to clear the resistance levels of $6.20 and $6.50, moving into positive territory like Bitcoin and Ethereum.
On the 4-hour chart of the DOT/USD currency pair, the price broke through the key bearish trend line with resistance near $6.50. The pair even broke through the 23.6% Fibo retracement level of the downward movement from the $8.58 swing high to the $5.97 low.
๐ฅDOT is currently trading near the $7.00 area and the 100 simple moving average (4-hour). The near-term resistance is near the $7.20 level. The next major resistance is near the $7.28 level, or the 50% Fibo retracement level of the downward movement from the $8.58 band high to the $5.97 low.
A successful break above $7.28 could open another strong rebound. In the above scenario, the price could easily rebound to $8.00 in the short term. The next major resistance is near the $8.50 level.
๐ฅ Technical Indicators
4-hour MACD - The MACD of DOT/USD is currently gaining momentum in the bullish zone.
4-hour RSI (Relative Strength Index) - The RSI for DOT/USD is currently above the 50 level.
Major support levels - $6.60, $6.00 and $5.65.
Major resistance levels - $7.28, $8.00 and $8.50.
#DOT #DOT๐ฅ๐๐ #DOTPrice #dots #etf
$DOT
$DOT Macro update. Bull Market Targets
Follow โ Latest Chartโs ๐ And Updates ๐
Aggressive Buy Zone, letโs now point out the upside targets:Dot WeeklyChart Good ๐ Hold Spot
๐ฏ Target 1 - $24
๐ฏ Target 2 - $45 (Main Target)
๐ฏ Target 3 - $70-88 (Bull Market Top / Optimistic Scenario)
Web 3.0 Project Dot
#Meme #BinanceSquare #DeFiChallenge #etf #crypto2023
Follow โ Latest Chartโs ๐ And Updates ๐
Aggressive Buy Zone, letโs now point out the upside targets:Dot WeeklyChart Good ๐ Hold Spot
๐ฏ Target 1 - $24
๐ฏ Target 2 - $45 (Main Target)
๐ฏ Target 3 - $70-88 (Bull Market Top / Optimistic Scenario)
Web 3.0 Project Dot
#Meme #BinanceSquare #DeFiChallenge #etf #crypto2023