{"id":39768,"date":"2024-03-04T05:57:24","date_gmt":"2024-03-04T05:57:24","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2024\/03\/04\/dot-price-polkadot-looks-set-to-crush-10-and-rally-further\/"},"modified":"2024-03-04T05:57:24","modified_gmt":"2024-03-04T05:57:24","slug":"dot-price-polkadot-looks-set-to-crush-10-and-rally-further","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2024\/03\/04\/dot-price-polkadot-looks-set-to-crush-10-and-rally-further\/","title":{"rendered":"DOT Price (Polkadot) Looks Set To Crush $10 And Rally Further"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Polkadot (DOT) is gaining tempo above the $8.80 resistance towards the US Dollar. The value might lengthen its rally as soon as it settles above the $10 barrier.<\/em><\/p>\n<ul>\n<li>DOT is gaining tempo above the $8.50 and $8.80 ranges towards the US Dollar.<\/li>\n<li>The value is buying and selling above the $9.00 zone and the 100 easy shifting common (4 hours).<\/li>\n<li>There is a key bullish development line forming with assist at $9.20 on the 4-hour chart of the DOT\/USD pair (information supply from Kraken).<\/li>\n<li>The pair might proceed to rise except the bears are in a position to defend the $10 resistance zone.<\/li>\n<\/ul>\n<h2>Polkadot Price Restarts Rally<\/h2>\n<p>After forming a base above the $7.50 stage, DOT value began a gentle improve. It gained over 25% in just a few days and even outperformed <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-surge-3800\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-restarts-rally-65k\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a> at occasions.<\/p>\n<p>There was a transparent transfer above the $8.50 and $8.80 resistance ranges. The value even traded near the $10.00 stage. A brand new multi-week excessive is shaped close to $9.89 and the value is now consolidating positive factors. It is holding positive factors above the 23.6% Fib retracement stage of the upward transfer from the $8.57 swing low to the $9.89 excessive.<\/p>\n<p>DOT is now buying and selling above the $9.00 zone and the 100 easy shifting common (4 hours). There can be a key bullish development line forming with assist at $9.20 on the 4-hour chart of the DOT\/USD pair. The development line is near the 50% Fib retracement stage of the upward transfer from the $8.57 swing low to the $9.89 excessive.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT.png?resize=1024%2C461\"><img decoding=\"async\" class=\"alignnone size-full wp-image-596079\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT.png?resize=1024%2C461\" alt=\"DOT Price (Polkadot)\" width=\"1024\" height=\"461\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT.png?resize=1024%2C461?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT.png?resize=1024%2C461?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT.png?resize=1024%2C461?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT.png?resize=1024%2C461?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT.png?resize=1024%2C461?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT.png?resize=1024%2C461?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/03\/Polkadot-DOT.png?resize=1024%2C461?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" loading=\"lazy\" data-recalc-dims=\"1\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/DOTUSD\/\" target=\"_blank\" rel=\"noopener\">DOTUSD on TradingView.com<\/a><\/p>\n<p>Immediate resistance is close to the $9.85 stage. The subsequent main resistance is close to $10.00. A profitable break above $10.00 might begin one other sturdy rally. In the acknowledged case, the value might simply rally towards $12.00 within the close to time period. The subsequent main resistance is seen close to the $13.50 zone.<\/p>\n<h2>Are Dips Supported in DOT?<\/h2>\n<p>If DOT value fails to begin a recent improve above $10.00, it might begin a draw back correction. The first key assist is close to the $9.50 stage.<\/p>\n<p>The subsequent main assist is close to the $9.20 stage, under which the value would possibly decline to $8.80. Any extra losses might maybe open the doorways for a transfer towards the $8.50 assist zone.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for DOT\/USD is now gaining momentum within the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOT\/USD is now above the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $9.50, $9.20 and $8.50.<\/p>\n<p>Major Resistance Levels \u2013 $9.85, $10.00, and $12.00.<\/p>\n<p>Disclaimer: The article is supplied for instructional functions solely. It doesn&#8217;t symbolize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You are suggested to conduct your individual analysis earlier than making any funding choices. Use info supplied on this web site completely at your individual danger.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/dot\/dot-price-polkadot-crush-10\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Polkadot (DOT) is gaining tempo above the $8.80 resistance towards the US Dollar. The value might lengthen its rally as soon as it settles above the $10 barrier. DOT is gaining tempo above the $8.50 and $8.80 ranges towards the US Dollar. The value is buying and selling above the $9.00 zone and the 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