Polkadot’s DOT remained strong above the $25.00 support zone against the US Dollar. It is now trading nicely above $28.00 and it may soon surpass the $30.00 weerstand zone.
- DOT started a fresh increase after a minor correction towards the $25.00 support against the US dollar.
- The price is trading nicely above the $28.00 support and he 100 eenvoudig voortschrijdend gemiddelde (4-uren).
- There was a break above a major bearish trend line with resistance near $27.50 on the 4-hours chart of the DOT/USD pair (gegevensbron van Kraken).
- The pair remains in a strong uptrend and it could soon clear the key $30.00 barrière.
Polkadot’s DOT Eyes More Upsides
After testing the $30.00 weerstand, DOT started a downside correction, similar to bitcoin. Er was een pauze onder de $28.00 en $27.50 ondersteuningsniveaus. De prijs piekte zelfs onder de $25.00 ondersteuningsniveau.
Echter, downsides were limited and there was no close below the $25.00 ondersteuning. The price recovered nicely and it settled above the $27.00 niveau. There was a strong increase above the 50% Fib retracement level of the downside correction from the $30.25 hoog tot $23.38 laag.
There was also a break above a major bearish trend line with resistance near $27.50 on the 4-hours chart of the DOT/USD pair. The pair is now trading nicely above the $28.00 support and he 100 eenvoudig voortschrijdend gemiddelde (4-uren).
Bron: DOTUSD on TradingView.com
It is also trading above the 76.4% Fib retracement level of the downside correction from the $30.25 hoog tot $23.38 laag. Daarom, there are high chances of more upsides above the $29.00 niveau. The bulls are likely to aim a fresh break above the $30.00 resistance in the near term.
If DOT price fails to continue higher above $29.00 of $30.00, there could be a short-term downside correction. The first key support is near the $28.00 en $27.80 niveaus.
De volgende grote ondersteuning is nabij de $27.50 level and the broken trend line. Any more losses may perhaps open the doors for a move towards the $26.50 support zone in the coming sessions. De belangrijkste ondersteuning is nog steeds in de buurt van de $25.00 niveau.
4-Hours MACD – The MACD for DOT/USD is gaining momentum in the bullish zone.
4-Uren RSI (Relative Strength Index) – The RSI for DOT/USD is still above the 50 niveau.
Belangrijkste ondersteuningsniveaus - $28.00, $27.80 en $27.50.
Belangrijkste weerstandsniveaus - $29.00, $30.00 en $32.00.
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