Trazado: Lunares (PUNTO) Oleadas 35%, Key Resistance Turned Support at $10.5

Polkadot’s DOT started a strong surge after it broke the $10.00 resistencia frente al dólar estadounidense. It is up over 35% esta semana, and it outperformed bitcoin.

  • DOT gained pace above the $9.50 y $10.00 resistance levels against the US dollar.
  • The price traded to a new yearly high at $11.60 y se instaló muy por encima del 100 media móvil simple (4-horas).
  • There was a break above a key bearish trend line with resistance near $9.35 on the 4-hours chart of the DOT/USD pair (data source from Kraken).
  • The pair could correct lower, but the previous resistance at $10.50 might provide support.

Polkadot’s DOT Rallies Above $11

After testing the $7.20 zona, DOT started a fresh increase above the $8.50 resistance level. The bulls gained strength, resulting in a solid push above the $9.00 pivot level.

There was a clear break above a key bearish trend line with resistance near $9.35 on the 4-hours chart of the DOT/USD pair. It opened the doors for a steady increase above the $10.00 nivel. The bulls pushed the price above the 76.4% Nivel de retroceso de Fib del movimiento descendente desde el $10.71 columpiarse alto para $7.18 bajo.

It even broke the last swing high near $10.71 y se instaló muy por encima del 100 media móvil simple (4-horas). Finally, there was a break above $11.00 and the price tested the $11.60 zona.

Lunares (PUNTO)

Fuente: DOTUSD on TradingView.com

It seems like the price is facing hurdles near $11.50-$11.60. It represents the 1.236 Fib extension level of the downward move from the $10.71 columpiarse alto para $7.18 bajo. It seems like there could be a downside correction from the $11.50 nivel.

On the downside, the previous breakout zone near the $10.70 y $10.50 levels could act as a strong support. Any more losses could lead the price towards the $9.00 zona de apoyo.

More Upsides?

If DOT price starts a fresh increase, it could easily clear the $11.50 y $11.60 niveles de resistencia. The next major resistance on the upside could be near the $12.00 nivel.

A close above the $12.00 may possibly open the doors for a sustained upward move. En el caso indicado, the bulls might aim a test of the $15.00 nivel.

Indicadores técnicos

4-Hours MACD – The MACD for DOT/USD is gaining momentum in the bullish zone.

4-Hours RSI (Índice de Fuerza Relativa) – The RSI for DOT/USD is now well above the 60 nivel.

Principales niveles de soporte: $11.00, $10.70 y $10.50.

Niveles de resistencia mayor - $11.50, $11.60 y $12.00.

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Fuente: Noticiasbtc

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