{"id":35554,"date":"2024-01-29T05:53:38","date_gmt":"2024-01-29T09:53:38","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=35554"},"modified":"2024-01-29T05:53:38","modified_gmt":"2024-01-29T09:53:38","slug":"dot-price-polkadot-uptrend-to-continue-these-could-be-the-factors-to-watch","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/01\/29\/dot-price-polkadot-uptrend-to-continue-these-could-be-the-factors-to-watch\/","title":{"rendered":"DOT Price (Polkadot) Uptrend To Continue? These Could Be The Factors To Watch"},"content":{"rendered":"

Polkadot (DOT) is gaining pace above the $6.80 resistance against the US Dollar. The price could gain bullish momentum if it clears the $7.28 resistance.<\/em><\/p>\n

DOT is trading in a positive zone from the $6.00 support against the US Dollar.
\nThe price is trading near the $7.00 zone and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $6.50 on the 4-hour chart of the DOT\/USD pair (data source from Kraken).
\nThe pair could continue to rise unless the bears are able to defend the $7.28 resistance zone.<\/p>\n

Polkadot Price Restarts Increase<\/h2>\n

After a steady decline, DOT price found support near the $6.00 zone. A low was formed at $5.97 and Polkadot recently started a fresh increase. The price was able to clear the $6.20 and $6.50 resistance levels to move into a positive zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a break above a key bearish trend line with resistance near $6.50 on the 4-hour chart of the DOT\/USD pair. The pair even surpassed the 23.6% Fib retracement level of the downward move from the $8.58 swing high to the $5.97 low.<\/p>\n

DOT is now trading near the $7.00 zone and the 100 simple moving average (4 hours). Immediate resistance is near the $7.20 level. The next major resistance is near $7.28 or the 50% Fib retracement level of the downward move from the $8.58 swing high to the $5.97 low.<\/p>\n

<\/a><\/p>\n

Source: DOTUSD on TradingView.com<\/a><\/p>\n

A successful break above $7.28 could start another strong rally. In the stated case, the price could easily rally toward $8.00 in the near term. The next major resistance is seen near the $8.50 zone.<\/p>\n

Are Dips Supported in DOT?<\/h2>\n

If DOT price fails to start a fresh increase above $7.28, it could start a fresh decline. The first key support is near the $6.60 level.<\/p>\n

The next major support is near the $6.00 level, below which the price might decline to $5.65. Any more losses may perhaps open the doors for a move toward the $5.32 support zone.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for DOT\/USD is now gaining momentum in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOT\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $6.60, $6.00 and $5.65.<\/p>\n

Major Resistance Levels \u2013 $7.28, $8.00, and $8.50.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Polkadot (DOT) is gaining pace above the $6.80 resistance against the US Dollar. The price could gain bullish momentum if it clears the $7.28 resistance.<\/em><\/p>\n

DOT is trading in a positive zone from the $6.00 support against the US Dollar.
\nThe price is trading near the $7.00 zone and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $6.50 on the 4-hour chart of the DOT\/USD pair (data source from Kraken).
\nThe pair could continue to rise unless the bears are able to defend the $7.28 resistance zone.<\/p>\n

Polkadot Price Restarts Increase<\/h2>\n

After a steady decline, DOT price found support near the $6.00 zone. A low was formed at $5.97 and Polkadot recently started a fresh increase. The price was able to clear the $6.20 and $6.50 resistance levels to move into a positive zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a break above a key bearish trend line with resistance near $6.50 on the 4-hour chart of the DOT\/USD pair. The pair even surpassed the 23.6% Fib retracement level of the downward move from the $8.58 swing high to the $5.97 low.<\/p>\n

DOT is now trading near the $7.00 zone and the 100 simple moving average (4 hours). Immediate resistance is near the $7.20 level. The next major resistance is near $7.28 or the 50% Fib retracement level of the downward move from the $8.58 swing high to the $5.97 low.<\/p>\n

<\/a><\/p>\n

Source: DOTUSD on TradingView.com<\/a><\/p>\n

A successful break above $7.28 could start another strong rally. In the stated case, the price could easily rally toward $8.00 in the near term. The next major resistance is seen near the $8.50 zone.<\/p>\n

Are Dips Supported in DOT?<\/h2>\n

If DOT price fails to start a fresh increase above $7.28, it could start a fresh decline. The first key support is near the $6.60 level.<\/p>\n

The next major support is near the $6.00 level, below which the price might decline to $5.65. Any more losses may perhaps open the doors for a move toward the $5.32 support zone.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for DOT\/USD is now gaining momentum in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOT\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $6.60, $6.00 and $5.65.<\/p>\n

Major Resistance Levels \u2013 $7.28, $8.00, and $8.50.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-35554","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=35554"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35554\/revisions"}],"predecessor-version":[{"id":35559,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35554\/revisions\/35559"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=35554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=35554"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=35554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}