Saturday, June 7, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

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

May 23, 2024
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E Mail


Polkadot (DOT) is consolidating beneficial properties above the $7.40 zone towards the US Greenback. The value might begin one other enhance if it clears the $7.70 resistance.

DOT gained tempo and examined the $7.70 resistance stage towards the US Greenback.
The value is buying and selling above the $7.20 zone and the 100-hourly easy shifting common.
There’s a key bullish development line forming with help at $7.40 on the hourly chart of the DOT/USD pair (knowledge supply from Kraken).
The pair might proceed to rise if it fails to remain above the $7.20 help.

Polkadot Value Holds Assist

After forming a base above the $6.80 stage, DOT value began an honest enhance. It broke many hurdles close to $7.20 and even spiked above $7.65. A excessive was fashioned at $7.69 and the value is now consolidating beneficial properties, like Ethereum and Bitcoin.

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.

DOT is now buying and selling above the $7.20 zone and the 100 easy shifting common (4 hours). There’s additionally a key bullish development line forming with help at $7.40 on the hourly chart of the DOT/USD pair. Speedy resistance is close to the $7.70 stage.

Supply: DOTUSD on TradingView.com

The subsequent main resistance is close to $7.80. A profitable break above $7.80 might begin one other sturdy rally. Within the said case, the value might simply rally towards $8.20 within the close to time period. The subsequent main resistance is seen close to the $8.50 zone.

Extra Downsides in DOT?

If DOT value fails to begin a recent enhance above $7.70, it might proceed to maneuver down. The primary key help is close to the $7.40 stage and the development line.

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 might maybe open the doorways for a transfer towards the $6.90 help zone or $6.80.

Technical Indicators

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

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

Main Assist Ranges – $7.40, $7.30 and $7.10.

Main Resistance Ranges – $7.70, $7.80, and $8.20.



Source link

Tags: buildingBullishDOThighsMomentumPolkadotPriceSetsSights
Previous Post

What’s Next for the Crypto?

Next Post

Exploring Different Types of Blockchain Technologies

Related Posts

XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH
Analysis

XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH

June 6, 2025
XRP price forecast as Ripple USD (RLUSD) volume drops
Analysis

XRP price forecast as Ripple USD (RLUSD) volume drops

June 7, 2025
Bitcoin at $104K, but falling MVRV ratio hints at short-term correction
Analysis

Bitcoin at $104K, but falling MVRV ratio hints at short-term correction

June 7, 2025
XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?
Analysis

XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?

June 6, 2025
Over 60% of Pump.fun wallets lost money: report
Analysis

Over 60% of Pump.fun wallets lost money: report

June 5, 2025
Price Slips Further, Investors on Edge
Analysis

Price Slips Further, Investors on Edge

June 5, 2025
Next Post
Exploring Different Types of Blockchain Technologies

Exploring Different Types of Blockchain Technologies

Metaplanet Shares Soar 158% on Bitcoin Strategy, Triggering Consecutive Trading Halts

Metaplanet Shares Soar 158% on Bitcoin Strategy, Triggering Consecutive Trading Halts

Today’s The Day – More News on the ETH ETF Applications

Today’s The Day - More News on the ETH ETF Applications

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In