Polkadot’s DOT started a strong surge after it broke the $10.00 weerstand tegen de Amerikaanse dollar. It is up over 35% deze week, and it outperformed bitcoin.
- DOT gained pace above the $9.50 en $10.00 resistance levels against the US dollar.
- The price traded to a new yearly high at $11.60 en vestigde zich ruim boven de 100 eenvoudig voortschrijdend gemiddelde (4-uren).
- 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 zone, DOT started a fresh increase above the $8.50 weerstandsniveau. 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 niveau. The bulls pushed the price above the 76.4% Fib-retracementniveau van de neerwaartse beweging van de $10.71 swing high to $7.18 laag.
It even broke the last swing high near $10.71 en vestigde zich ruim boven de 100 eenvoudig voortschrijdend gemiddelde (4-uren). Tenslotte, there was a break above $11.00 and the price tested the $11.60 zone.
Bron: 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 swing high to $7.18 laag. It seems like there could be a downside correction from the $11.50 niveau.
On the downside, the previous breakout zone near the $10.70 en $10.50 levels could act as a strong support. Any more losses could lead the price towards the $9.00 ondersteuningszone.
If DOT price starts a fresh increase, it could easily clear the $11.50 en $11.60 weerstandsniveaus. The next major resistance on the upside could be near the $12.00 niveau.
A close above the $12.00 may possibly open the doors for a sustained upward move. In het genoemde geval, the bulls might aim a test of the $15.00 niveau.
4-Hours MACD – The MACD for DOT/USD is gaining momentum in the bullish zone.
4-Hours RSI (Relative Strength Index) – The RSI for DOT/USD is now well above the 60 niveau.
Belangrijkste ondersteuningsniveaus - $11.00, $10.70 en $10.50.
Belangrijkste weerstandsniveaus - $11.50, $11.60 en $12.00.
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