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{"id":596078,"date":"2024-03-04T05:28:52","date_gmt":"2024-03-04T05:28:52","guid":{"rendered":"https:\/\/wncen.com\/?p=596078"},"modified":"2024-06-11T14:40:08","modified_gmt":"2024-06-11T14:40:08","slug":"dot-price-polkadot-crush-10","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dot-price-polkadot-crush-10\/","title":{"rendered":"DOT Price (Polkadot) Looks Set To Crush $10 And Rally Further"},"content":{"rendered":"

Polkadot (DOT) is gaining pace above the $8.80 resistance against the US Dollar. The price could extend its rally once it settles above the $10 barrier.<\/em><\/p>\n

\n
DOT is gaining pace above the $8.50 and $8.80 levels against the US Dollar.<\/li>\n
The price is trading above the $9.00 zone and the 100 simple moving average (4 hours).<\/li>\n
There is a key bullish trend line forming with support at $9.20 on the 4-hour chart of the DOT\/USD pair (data source from Kraken).<\/li>\n
The pair could continue to rise unless the bears are able to defend the $10 resistance zone.<\/li>\n<\/ul>\n
Polkadot Price Restarts Rally<\/h2>\n
After forming a base above the $7.50 level, DOT price started a steady increase. It gained over 25% in a few days and even outperformed Ethereum<\/a> and Bitcoin<\/a> at times.<\/p>\n
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 is formed near $9.89 and the price is now consolidating gains. It is holding gains above the 23.6% Fib retracement level of the upward move from the $8.57 swing low to the $9.89 high.<\/p>\n
DOT is now trading above the $9.00 zone and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $9.20 on the 4-hour chart of the DOT\/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $8.57 swing low to the $9.89 high.<\/p>\n
$\"DOT$ <\/a><\/p>\n
Source: DOTUSD on TradingView.com<\/a><\/p>\n
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. In the stated case, the price could easily rally toward $12.00 in the near term. The next major resistance is seen near the $13.50 zone.<\/p>\n
Are Dips Supported in DOT?<\/h2>\n
If DOT price fails to start a fresh increase above $10.00, it could start a downside correction. The first key support is near the $9.50 level.<\/p>\n
The next major support is near the $9.20 level, below which the price might decline to $8.80. Any more losses may perhaps open the doors for a move toward the $8.50 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 $9.50, $9.20 and $8.50.<\/p>\n
Major Resistance Levels \u2013 $9.85, $10.00, and $12.00.<\/p>\n","protected":false},"excerpt":{"rendered":"
Polkadot (DOT) is gaining pace above the $8.80 resistance against the US Dollar. The price could extend its rally once it settles above the $10 barrier. DOT is gaining pace above the $8.50 and $8.80 levels against the US Dollar. The price is trading above the $9.00 zone and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $9.20 on the 4-hour chart of the DOT\/USD pair (data source from Kraken). The pair could continue to rise unless the bears are able to defend the $10 resistance zone. Polkadot Price Restarts Rally After forming a base above the $7.50 level, DOT price started a steady increase. It gained over 25% in a few days and even outperformed Ethereum and Bitcoin at times. 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 is formed near $9.89 and the price is now consolidating gains. It is holding gains above the 23.6% Fib retracement level of the upward move from the $8.57 swing low to the $9.89 high. DOT is now trading above the $9.00 zone and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $9.20 on the 4-hour chart of the DOT\/USD pair. The trend line is close to the 50% Fib retracement level of the upward move 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. In the stated case, the price could easily rally toward $12.00 in the near term. The next major resistance is seen near the $13.50 zone. Are Dips Supported in DOT? If DOT price fails to start a fresh increase above $10.00, it could start a downside correction. The first key support is near the $9.50 level. The next major support is near the $9.20 level, below which the price might decline to $8.80. Any more losses may perhaps open the doors for a move toward the $8.50 support zone. 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 $9.50, $9.20 and $8.50. Major Resistance Levels \u2013 $9.85, $10.00, and $12.00.<\/p>\n","protected":false},"author":67,"featured_media":542290,"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":[82446,82444,82445,9753],"class_list":["post-596078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dotbtc","tag-dotusd","tag-dotusdt","tag-polkadot"],"acf":[],"yoast_head":"\nDOT Price (Polkadot) Looks Set To Crush $10 And Rally Further<\/title>\n<meta name=\"description\" content=\"Polkadot (DOT) is gaining pace above the $8.80 resistance against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"DOT Price (Polkadot) Looks Set To Crush $10 And Rally Further","url":"http:\/\/wncen.com\/news\/dot-price-polkadot-crush-10\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dot-price-polkadot-crush-10\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Depositphotos_78872860_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Depositphotos_78872860_s-2019.jpg?fit=999%2C636"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["dotbtc","dotusd","dotusdt","polkadot"],"dateCreated":"2024-03-04T05:28:52Z","datePublished":"2024-03-04T05:28:52Z","dateModified":"2024-06-11T14:40:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"DOT Price (Polkadot) Looks Set To Crush $10 And Rally Further\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dot-price-polkadot-crush-10\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dot-price-polkadot-crush-10\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Depositphotos_78872860_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Depositphotos_78872860_s-2019.jpg?fit=999%2C636\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"dotbtc\",\"dotusd\",\"dotusdt\",\"polkadot\"],\"dateCreated\":\"2024-03-04T05:28:52Z\",\"datePublished\":\"2024-03-04T05:28:52Z\",\"dateModified\":\"2024-06-11T14:40:08Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Depositphotos_78872860_s-2019.jpg?fit=999%2C636","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/596078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=596078"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/596078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/542290"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=596078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=596078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=596078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}