Polkadot

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>DOT coin reflects a pullback and is heading toward the $10 mark.</a></li>
 <li><span>2</span> <a>Buyers have gained momentum and are accumulating.</a></li>
</ul>
<p>Polkadot coin (DOT) price signifies a sharp rebound from the 200-Day EMA mark near $6 and jumped over 40% this week. The price action indicates that the DOT coin has gained momentum, and fresh buying interest is reflected on the charts. Furthermore, the bulls have acquired strength and are looking to achieve the $10 mark.</p>
<p>The DOT coin price has escaped the key moving averages and replicates bullish cues and investor interest in the past sessions. The coin has jumped massively from the support zone of $6 and surged over 40% in the last weeks. Additionally, the trend is intact, and the coin may continue to sprinkle the rebound. Per the Fibonacci retracement levels, the coin has jumped above the 38.2% zone, displaying bullishness.</p>
<p>The Polkadot coin (DOT) price was $8.47 at press time, with an intraday gain of 4.07%, showing neutrality on the charts. Moreover, the trading volume has increased by 9.12% to $426.65 Million. The pair of DOT/BTC is at 0.000144 BTC, and the market cap is $11.79 Billion. Analysts are bullish and suggest that the DOT price will continue to gain momentum and may surpass $10 soon.</p>
<h2 class="wp-block-heading" id="strong-polkadot-displays-rebound-can-dot-reach-10-mark-strong"><strong>Polkadot Displays Rebound, Can DOT Reach $10 Mark?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/bwO1QsX88rOpKl9Bsw9EVD-Rkcoqs2Eaasl0hufc9zhLOgiDKu8DMXSQcJBQ5LQ1u3UOpEbILaW-VvRN3drzyJM92EnzRCb6GPS1CkTpB3ZwiadspCXHpQELZhyczhgX2q8XPhM3I4avMD46-gWq5HM" alt="DOT Price Prediction: DOT Witnesses Pullback, Can It Reach $10?">
  <figcaption class="wp-element-caption">
   Source: DOT Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the daily charts, the coin has reflected a sharp comeback, and a follow-on buying momentum was witnessed. Furthermore, the coin exited the consolidation phase and completed its retracement in the last few sessions. The price action signifies the higher high swings and is climbing away from the key EMA levels, highlighting bulls’ strength and willingness to claim $10 soon.</p>
<p>The RSI curve stayed in the overbought zone and formed a positive crossover, signifying the buying momentum on the charts. Similarly, the MACD shows a bullish crossover, reflecting outperformance on the charts.</p>
<h3 class="wp-block-heading" id="strong-polkadot-gained-momentum-can-dot-surpass-the-100-day-ema-hurdle-strong"><strong>Polkadot Gained Momentum, Can DOT Surpass The 100-Day EMA Hurdle?</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/ZovIoyoqlX3Ub2UuZBUNSqL2Pt5hxgCVOISGnwR0a7kXPnRL70MqBXcvkVxCvFIT2Hns5kjat2bDVgOP3P2crrzSWOnn728wvcMhNFuS0jAeddJTbas7vQphAyvAwO2DP7kTjEPDLoy8DkpCNRgb56E" alt="DOT Price Prediction: DOT Witnesses Pullback, Can It Reach $10?">
  <figcaption class="wp-element-caption">
   Source: DOT Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the weekly charts, the coin has reverted from the lows of $3.50, reflecting a sharp comeback in the past few sessions. However, the 100-Day EMA barrier is yet to be crossed and if bulls surpass it, a strong bullish rally will be seen in the coming sessions. Conversely, if DOT is rejected at $9, it may retrace toward $7 in the following sessions. Moreover, the sellers are looking in trouble, and short covering moves were witnessed on the charts.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The <a href="https://www.thecoinrepublic.com/2023/05/02/polkadot-dot-leading-in-the-development-activities-arena/" target="_blank" rel="noopener noreferrer nofollow">Polkadot (DOT) </a>crypto price signifies a buying momentum, has jumped above the primary hurdle of $7.50, and is revealing outperformance on the charts. Moreover, the coin has surpassed the key EMA level, and bulls are keen to spread the rebound toward $10 soon.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $8 and $7.30</p>
<p><strong>Resistance Levels:</strong>$9 and $10</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

DOT Price Prediction: DOT Witnesses Pullback, Can It Reach $10?

Table of Contents

Thecoinrepublic.com

Other articles published on Feb 28, 2024

Transforming Finance: NTT Data Joins SWIAT’s Validator Network

IRS hires ConsenSys, Binance US, and TaxBit executives to strengthen crypto supervision

What is Tron TRX?

Meme Coin FLOKI Gains Momentum with Major Investment

MicroStrategy capitalizes on Bitcoin’s ‘gold rush era’

Ethereum Price Forecast: Will ETH Keep Pumping To $4,000 Or Pullback?

Join our free newsletter for daily crypto updates!