Polkadot’s DOT rose to $ 18.50 before correcting bearish against the US dollar. Despite the decline in Bitcoin and Ethereum, it is gaining over $ 15.00.



The DOT rose above $ 12.00 and $ 15.00 before facing sellers around $ 18.50 against the US dollar.

The price is trading above the $ 15.00 support and above the 100 simple moving average (4-hours).

On the 4-hour chart of the DOT / USD pair, there is a key bullish trend line formed with support around $ 15.50.

The pair remains in the positive zone and the price is likely to continue rising towards $ 18.50 and $ 20.00.


Polkadot over $ 15

After closing above the $ 12.00 level, the DOT started a new rally above the $ 15.00 resistance level. There was a strong bullish momentum above $ 15.00 and the price even moved above $ 18.00.

However, the bulls could not test the $ 20.00 level. The recent high was formed around $ 18.37 and the price recently corrected lower. There was a break below the $ 16.50 support level. However, the bulls were active near the $ 15.00 and $ 14.80 support levels.

On the 4-hour chart of the DOT / USD pair, there is an important bullish trend line formed with support around $ 15.50. The price is clearly above the $ 15.00 support and trading nicely above the 100 simple moving average. On the upside, a break above the $ 16.60 level could lead to a new high.

See Also
Polkadot and Ethereum Classic price analysis: Levels to watch for DOT and ETC

If the DOT price cannot break above $ 16.50 and $ 17.00, there could be a new decline. The first major support is near the $ 15.50 level and the trend line.

A successful break below the trendline support could put the $ 15.00 support at risk. Further losses could possibly require a drop towards the $ 14.00 level.


Technical indicators

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

4-Hour RSI (Relative Strength Index) – The RSI for DOT / USD is still above the 50 level.

Support Levels – $ 15.50, $ 15.00 and $ 14.80.

Resistance Levels – $ 16.50, $ 17.20 and $ 18.50.

Previous articleDistress signals ring for the popular Altcoin, which fell 20 percent?
Next articleBiden administration’s striking Bitcoin and cryptocurrency statement from treasury minister candidate


Please enter your comment!
Please enter your name here