{"id":524768,"date":"2023-03-29T05:08:55","date_gmt":"2023-03-29T05:08:55","guid":{"rendered":"https:\/\/wncen.com\/?p=524768"},"modified":"2024-06-11T14:34:39","modified_gmt":"2024-06-11T14:34:39","slug":"dot-price-polkadot-prediction-7-2","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dot-price-polkadot-prediction-7-2\/","title":{"rendered":"DOT Price (Polkadot) Prediction: Bulls Aim Fresh Surge To $7"},"content":{"rendered":"<p><em>Polkadot\u2019s DOT started a fresh increase above the $6.00 resistance against the US Dollar. The price is now approaching a major break and might eye a test of $7.<\/em><\/p>\n<ul>\n<li>DOT is slowly moving higher above the $6.0 resistance zone against the US dollar.<\/li>\n<li>The price is trading near the $6.20 zone and the 100 simple moving average (4-hours).<\/li>\n<li>There was a break above a major bearish trend line with resistance near $6.12 on the 4-hours chart of the DOT\/USD pair (data source from Kraken).<\/li>\n<li>The pair could gain bullish momentum if there is a close above the $6.20 resistance.<\/li>\n<\/ul>\n<h2>Polkadot\u2019s DOT Price Gains Momentum<\/h2>\n<p>After forming a base above the $5.80 zone, DOT price started a fresh increase. It climbed above the $5.88 and $5.95 levels to move back into a positive zone, similar to <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-correction-27k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-rally-1800\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">ethereum<\/a>.<\/p>\n<p>The bulls were able to push the price above the $6.00 level and the 100 simple moving average (4-hours). There was a clear move above the 23.6% Fib retracement level of the downward move from the $6.71 swing high to $5.75 low.<\/p>\n<p>Besides, there was a break above a major bearish trend line with resistance near $6.12 on the 4-hours chart of the DOT\/USD pair. The price is now trading near the $6.20 zone and the 100 simple moving average (4-hours).<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polkadot-DOT.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-524769\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polkadot-DOT.png?resize=1834%2C845\" alt=\"DOT Price (Polkadot) Prediction\" width=\"1834\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polkadot-DOT.png?w=1834 1834w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polkadot-DOT.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polkadot-DOT.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polkadot-DOT.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polkadot-DOT.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polkadot-DOT.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Polkadot-DOT.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/DOTUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">DOTUSD on TradingView.com<\/a><\/p>\n<p>An immediate resistance is near the $6.20 level. It is near the 50% Fib retracement level of the downward move from the $6.71 swing high to $5.75 low. A successful break above $6.20 and a close above $6.25 could start a strong rally. In the stated case, the price could easily rally towards $6.50 or even $6.80 in the coming sessions.<\/p>\n<h2>Dips Limited?<\/h2>\n<p>If DOT price fails to continue higher above $6.15 or $6.20, it could start a downside correction. The first key support is near the $6.05 level.<\/p>\n<p>The next major support is near the $6.00 level, below which the price might decline to $5.75. Any more losses may perhaps open the doors for a move towards the $5.50 support zone in the coming sessions.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for DOT\/USD is now gaining momentum in the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOT\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $6.05, $6.00 and $5.75.<\/p>\n<p>Major Resistance Levels \u2013 $7.20, $7.50 and $7.80.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polkadot\u2019s DOT started a fresh increase above the $6.00 resistance against the US Dollar. The price is now approaching a major break and might eye a test of $7. DOT is slowly moving higher above the $6.0 resistance zone against the US dollar. The price is trading near the $6.20 zone and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $6.12 on the 4-hours chart of the DOT\/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above the $6.20 resistance. Polkadot\u2019s DOT Price Gains Momentum After forming a base above the $5.80 zone, DOT price started a fresh increase. It climbed above the $5.88 and $5.95 levels to move back into a positive zone, similar to bitcoin and ethereum. The bulls were able to push the price above the $6.00 level and the 100 simple moving average (4-hours). There was a clear move above the 23.6% Fib retracement level of the downward move from the $6.71 swing high to $5.75 low. Besides, there was a break above a major bearish trend line with resistance near $6.12 on the 4-hours chart of the DOT\/USD pair. The price is now trading near the $6.20 zone and the 100 simple moving average (4-hours). Source: DOTUSD on TradingView.com An immediate resistance is near the $6.20 level. It is near the 50% Fib retracement level of the downward move from the $6.71 swing high to $5.75 low. A successful break above $6.20 and a close above $6.25 could start a strong rally. In the stated case, the price could easily rally towards $6.50 or even $6.80 in the coming sessions. Dips Limited? If DOT price fails to continue higher above $6.15 or $6.20, it could start a downside correction. The first key support is near the $6.05 level. The next major support is near the $6.00 level, below which the price might decline to $5.75. Any more losses may perhaps open the doors for a move towards the $5.50 support zone in the coming sessions. Technical Indicators 4-Hours MACD \u2013 The MACD for DOT\/USD is now gaining momentum in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOT\/USD is now above the 50 level. Major Support Levels \u2013 $6.05, $6.00 and $5.75. Major Resistance Levels \u2013 $7.20, $7.50 and $7.80.<\/p>\n","protected":false},"author":67,"featured_media":455934,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[83457,82444,82445,9753],"class_list":["post-524768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dot","tag-dotusd","tag-dotusdt","tag-polkadot"],"acf":[],"yoast_head":"\n<title>DOT Price (Polkadot) Prediction: Bulls Aim Fresh Surge To $7<\/title>\n<meta name=\"description\" content=\"Polkadot\u2019s DOT started a fresh increase above the $6.00 resistance against the US Dollar. 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