{"id":46883,"date":"2024-05-23T03:18:49","date_gmt":"2024-05-23T03:18:49","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2024\/05\/23\/polkadot-price-sets-sights-on-new-highs-dot-bullish-momentum-building\/"},"modified":"2024-05-23T03:18:49","modified_gmt":"2024-05-23T03:18:49","slug":"polkadot-price-sets-sights-on-new-highs-dot-bullish-momentum-building","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2024\/05\/23\/polkadot-price-sets-sights-on-new-highs-dot-bullish-momentum-building\/","title":{"rendered":"Polkadot Price Sets Sights on New Highs: DOT Bullish Momentum Building"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><em>Polkadot (DOT) is consolidating features above the $7.40 zone in opposition to the US Dollar. The value may begin one other enhance if it clears the $7.70 resistance.<\/em><\/p>\n<ul>\n<li>DOT gained tempo and examined the $7.70 resistance stage in opposition to the US Dollar.<\/li>\n<li>The value is buying and selling above the $7.20 zone and the 100-hourly easy shifting common.<\/li>\n<li>There is a key bullish pattern line forming with help at $7.40 on the hourly chart of the DOT\/USD pair (information supply from Kraken).<\/li>\n<li>The pair may proceed to rise if it fails to remain above the $7.20 help.<\/li>\n<\/ul>\n<h2>Polkadot Price Holds Support<\/h2>\n<p>After forming a base above the $6.80 stage, DOT value began a good enhance. It broke many hurdles close to $7.20 and even spiked above $7.65. A excessive was shaped at $7.69 and the value is now consolidating features, like <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-consolidates-3650\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-support-68800\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a>.<\/p>\n<p>There was a transfer beneath the $7.50 help zone. The value declined beneath the 23.6% Fib retracement stage of the upward transfer from the $6.91 swing low to the $7.69 excessive.<\/p>\n<p>DOT is now buying and selling above the $7.20 zone and the 100 easy shifting common (4 hours). There can be a key bullish pattern line forming with help at $7.40 on the hourly chart of the DOT\/USD pair. Immediate resistance is close to the $7.70 stage.<\/p>\n<figure id=\"attachment_609394\" aria-describedby=\"caption-attachment-609394\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/05\/Polkadot-DOT_6a1d18.png?resize=1024%2C449\"><img decoding=\"async\" class=\"wp-image-609394 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/05\/Polkadot-DOT_6a1d18.png?resize=1024%2C449\" alt=\"Polkadot (DOT) Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/05\/Polkadot-DOT_6a1d18.png?resize=1024%2C449?w=1950 1950w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/05\/Polkadot-DOT_6a1d18.png?resize=1024%2C449?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/05\/Polkadot-DOT_6a1d18.png?resize=1024%2C449?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/05\/Polkadot-DOT_6a1d18.png?resize=1024%2C449?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/05\/Polkadot-DOT_6a1d18.png?resize=1024%2C449?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/05\/Polkadot-DOT_6a1d18.png?resize=1024%2C449?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/05\/Polkadot-DOT_6a1d18.png?resize=1024%2C449?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" loading=\"lazy\" data-recalc-dims=\"1\"\/><\/a><figcaption id=\"caption-attachment-609394\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/DOTUSD\/\" target=\"_blank\" rel=\"noopener\">DOTUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The subsequent main resistance is close to $7.80. A profitable break above $7.80 may begin one other robust rally. In the said case, the value may simply rally towards $8.20 within the close to time period. The subsequent main resistance is seen close to the $8.50 zone.<\/p>\n<h2>More Downsides in DOT?<\/h2>\n<p>If DOT value fails to start out a contemporary enhance above $7.70, it may proceed to maneuver down. The first key help is close to the $7.40 stage and the pattern line.<\/p>\n<p>The subsequent main help is close to the $7.30 and the 100 easy shifting common (4 hours) or the 50% Fib retracement stage of the upward transfer from the $6.91 swing low to the $7.69 excessive, beneath which the value may decline to $7.00. Any extra losses could maybe open the doorways for a transfer towards the $6.90 help zone or $6.80.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for DOT\/USD is now gaining momentum within the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for DOT\/USD is now above the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $7.40, $7.30 and $7.10.<\/p>\n<p>Major Resistance Levels \u2013 $7.70, $7.80, and $8.20.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/dot\/polkadot-price-dot-highs-7-7\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polkadot (DOT) is consolidating features above the $7.40 zone in opposition to the US Dollar. The value may begin one other enhance if it clears the $7.70 resistance. DOT gained tempo and examined the $7.70 resistance stage in opposition to the US Dollar. The value is buying and selling above the $7.20 zone and the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1718,810,666,1661,548,665,110,1527,3579],"class_list":{"0":"post-46883","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-building","9":"tag-bullish","10":"tag-dot","11":"tag-highs","12":"tag-momentum","13":"tag-polkadot","14":"tag-price","15":"tag-sets","16":"tag-sights"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/46883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=46883"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/46883\/revisions"}],"predecessor-version":[{"id":46884,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/46883\/revisions\/46884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/46885"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=46883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=46883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=46883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}