{"id":596659,"date":"2024-03-07T04:58:13","date_gmt":"2024-03-07T04:58:13","guid":{"rendered":"https:\/\/wncen.com\/?p=596659"},"modified":"2024-06-11T14:41:01","modified_gmt":"2024-06-11T14:41:01","slug":"dot-price-polkadot-jumps-10","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dot-price-polkadot-jumps-10\/","title":{"rendered":"DOT Price (Polkadot) Jumps 10%, Why Bulls Can Pump It To $12"},"content":{"rendered":"<p><em>Polkadot (DOT) is gaining pace above the $10.00 resistance against the US Dollar. The price could extend its rally toward the $12.00 level in the near term.<\/em><\/p>\n<ul>\n<li>DOT is gaining pace above the $9.80 and $10.00 levels against the US Dollar.<\/li>\n<li>The price is trading above the $10.00 zone and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key bullish trend line forming with support at $9.10 on the 4-hour chart of the DOT\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to rise toward the $12 resistance zone.<\/li>\n<\/ul>\n<h2>Polkadot Price Resumes Rally<\/h2>\n<p>After forming a base above the $8.00 level, DOT price started a fresh rally. It gained over 20% in a few days and even outperformed <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-consolidates-4k\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-at-risk-68k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> at times.<\/p>\n<p>There was a clear move above the $9.50 and $10.00 resistance levels. The price traded to a new multi-month high at $11.00 and is currently consolidating gains. There was a minor pullback below the $10.75 level. The price is still above the 23.6% Fib retracement level of the upward move from the $8.26 swing low to the $11.00 high.<\/p>\n<p>DOT is now trading well above the $10.00 zone and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $9.10 on the 4-hour chart of the DOT\/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $8.26 swing low to the $11.00 high.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT_03f6d8.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-596660\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT_03f6d8.png?resize=1024%2C461\" alt=\"DOT Price (Polkadot)\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT_03f6d8.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT_03f6d8.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT_03f6d8.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT_03f6d8.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT_03f6d8.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT_03f6d8.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT_03f6d8.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>Immediate resistance is near the $10.75 level. The next major resistance is near $11.00. A successful break above $11.00 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<h2>Are Dips Supported in DOT?<\/h2>\n<p>If DOT price fails to start a fresh increase above $11.00, it could start a downside correction. The first key support is near the $10.35 level.<\/p>\n<p>The next major support is near the $10.00 level, below which the price might decline to $9.50. Any more losses may perhaps open the doors for a move toward the $9.20 support zone or the trend line.<\/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 $10.35, $10.00 and $9.50.<\/p>\n<p>Major Resistance Levels \u2013 $10.75, $11.00, and $12.00.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polkadot (DOT) is gaining pace above the $10.00 resistance against the US Dollar. The price could extend its rally toward the $12.00 level in the near term. DOT is gaining pace above the $9.80 and $10.00 levels against the US Dollar. The price is trading above the $10.00 zone and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $9.10 on the 4-hour chart of the DOT\/USD pair (data source from Kraken). The pair could continue to rise toward the $12 resistance zone. Polkadot Price Resumes Rally After forming a base above the $8.00 level, DOT price started a fresh rally. It gained over 20% in a few days and even outperformed Ethereum and Bitcoin at times. There was a clear move above the $9.50 and $10.00 resistance levels. The price traded to a new multi-month high at $11.00 and is currently consolidating gains. There was a minor pullback below the $10.75 level. The price is still above the 23.6% Fib retracement level of the upward move from the $8.26 swing low to the $11.00 high. DOT is now trading well above the $10.00 zone and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $9.10 on the 4-hour chart of the DOT\/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $8.26 swing low to the $11.00 high. Source: DOTUSD on TradingView.com Immediate resistance is near the $10.75 level. The next major resistance is near $11.00. A successful break above $11.00 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 $11.00, it could start a downside correction. The first key support is near the $10.35 level. The next major support is near the $10.00 level, below which the price might decline to $9.50. Any more losses may perhaps open the doors for a move toward the $9.20 support zone or the trend line. 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 $10.35, $10.00 and $9.50. Major Resistance Levels \u2013 $10.75, $11.00, and $12.00.<\/p>\n","protected":false},"author":67,"featured_media":596661,"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-596659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dotbtc","tag-dotusd","tag-dotusdt","tag-polkadot"],"acf":[],"yoast_head":"\n<title>DOT Price (Polkadot) Jumps 10%, Why Bulls Can Pump It To $12<\/title>\n<meta name=\"description\" content=\"Polkadot (DOT) is gaining pace above the $10.00 resistance against the US Dollar. 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