Kaspa

altFINS

Elite

Polkadot

The Graph

<p>The price of Polkadot (DOT) is up around 2% over the last 24 hours, currently trading at around $10.50. While a modest pump, this could be viewed as a positive sign for DOT holders as the broader crypto market undergoes a correction and consolidates today.</p>
<p>Technical analysis from altFINS <a href="https://altfins.com/technical-analysis" target="_blank" rel="noopener noreferrer nofollow">suggests</a> the uptrend for DOT remains intact across short, medium and long-term time horizons. After a bullish breakout from a falling wedge pattern, the DOT price resumed its uptrend. It reached resistance around $12 before being rejected and pulling back to find support around $10.</p>
<p>altFINS states that such pullbacks to the $10 support area could present attractive swing trade entry opportunities within the larger uptrend. They see potential for a 20%+ move back up to retest the $12 resistance, with a breakout potentially carrying DOT as high as $14 based on their analysis.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-695-1024x573.png" alt="" class="wp-image-453553" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-695-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-695-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-695-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-695-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-695-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-695-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-695-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-695-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-695-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-695.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The momentum indicators reinforce the bullish outlook, with the MACD line above its signal line and the RSI above 55 – signaling bullish momentum. Key support levels are eyed at $10 (previous resistance) and $8, while the nearest resistance zones are $12 and $14.</p>
<p>Overall, despite the broader market correction, the technicals suggest Polkadot’s uptrend remains healthy. With the price finding support around $10, traders will be watching for a potential swing long entry in anticipation of a 20%+ rally to retest and break the $12-$14 resistance zone based on altFINS analysis.</p>
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<p>In conclusion, while the recent modest 2% pump may not seem significant on its own, the technical picture painted by altFINS suggests DOT could be gearing up for a much larger move to the upside within its established uptrend.</p>
<p>The $10 area appears to be an important support zone to watch for potential swing entries targeting $12 and higher in the weeks ahead. However, crypto markets can be volatile, so traders should always implement a sound risk management strategy including stop losses.</p>
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<p>The post <a href="https://captainaltcoin.com/polkadot-dot-price-analysis-uptrend-intact-with-20-upside-potential/" rel="noopener noreferrer nofollow">Polkadot (DOT) Price Analysis: Uptrend Intact With 20%+ Upside Potential</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polkadot (DOT) Price Analysis: Uptrend Intact With 20%+ Upside Potential

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