Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Bitcoin Bull vs. Neo Pepe Protocol—Where Will Smart Investors Go?

June 15, 2025

Kaanch’s Gold Tokenization to Explode 19800% to $63: The Top Layer 1 Over Solana’s $200 Recovery

June 15, 2025

2 Tokens Below $0.50 That Will Join Ripple (XRP) and Ethereum (ETH) in the Top 5 By 2026

June 15, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Polkadot Price Sets Sights on New Highs: DOT Bullish Momentum Building

0
By Aggregated - see source on May 23, 2024 Bitcoin
Share
Facebook Twitter LinkedIn Pinterest Email

Polkadot (DOT) is consolidating gains above the $7.40 zone against the US Dollar. The price could start another increase if it clears the $7.70 resistance.

  • DOT gained pace and tested the $7.70 resistance level against the US Dollar.
  • The price is trading above the $7.20 zone and the 100-hourly simple moving average.
  • There is a key bullish trend line forming with support at $7.40 on the hourly chart of the DOT/USD pair (data source from Kraken).
  • The pair could continue to rise if it fails to stay above the $7.20 support.

Polkadot Price Holds Support

After forming a base above the $6.80 level, DOT price started a decent increase. It broke many hurdles near $7.20 and even spiked above $7.65. A high was formed at $7.69 and the price is now consolidating gains, like Ethereum and Bitcoin.

There was a move below the $7.50 support zone. The price declined below the 23.6% Fib retracement level of the upward move from the $6.91 swing low to the $7.69 high.

DOT is now trading above the $7.20 zone and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $7.40 on the hourly chart of the DOT/USD pair. Immediate resistance is near the $7.70 level.

Source: DOTUSD on TradingView.com

The next major resistance is near $7.80. A successful break above $7.80 could start another strong rally. In the stated case, the price could easily rally toward $8.20 in the near term. The next major resistance is seen near the $8.50 zone.

More Downsides in DOT?

If DOT price fails to start a fresh increase above $7.70, it could continue to move down. The first key support is near the $7.40 level and the trend line.

The next major support is near the $7.30 and the 100 simple moving average (4 hours) or the 50% Fib retracement level of the upward move from the $6.91 swing low to the $7.69 high, below which the price might decline to $7.00. Any more losses may perhaps open the doors for a move toward the $6.90 support zone or $6.80.

Technical Indicators

Hourly MACD – The MACD for DOT/USD is now gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOT/USD is now above the 50 level.

Major Support Levels – $7.40, $7.30 and $7.10.

Major Resistance Levels – $7.70, $7.80, and $8.20.

Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Bull vs. Neo Pepe Protocol—Where Will Smart Investors Go?

June 15, 2025

Kaanch’s Gold Tokenization to Explode 19800% to $63: The Top Layer 1 Over Solana’s $200 Recovery

June 15, 2025

2 Tokens Below $0.50 That Will Join Ripple (XRP) and Ethereum (ETH) in the Top 5 By 2026

June 15, 2025
Leave A Reply Cancel Reply

What's New Here!

Bitcoin Bull vs. Neo Pepe Protocol—Where Will Smart Investors Go?

June 15, 2025

Kaanch’s Gold Tokenization to Explode 19800% to $63: The Top Layer 1 Over Solana’s $200 Recovery

June 15, 2025

2 Tokens Below $0.50 That Will Join Ripple (XRP) and Ethereum (ETH) in the Top 5 By 2026

June 15, 2025

Dormant Ethereum Wallet Awakens After 10 Years

June 15, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.