Ethereum

Polkadot

Resistance

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/polkadot-price-gains-strength-against-dollar" data-wpel-link="internal" rel="noopener noreferrer nofollow">Polkadot Price Gains Strength Against Dollar</a><br></p>
<p style="text-align: justify">Recently, the cryptocurrency DOT tested the $7.70 resistance level against the dollar, signaling strong upward momentum. Trading above the $7.20 mark has bolstered investor confidence. The hourly chart of the DOT/USD pair reveals a significant uptrend line forming with support at $7.40. However, maintaining this support level is crucial for the continuation of the uptrend.</p>
<h2 id="polkadot-price-trends">Polkadot Price Trends</h2>
<p style="text-align: justify">Polkadot’s price activity kicked off after forming a solid base above $6.80. It cleared several hurdles, rising to around $7.20 and even surpassing $7.65. Consolidation at the peak of $7.69 mirrors trends seen in other cryptocurrencies like Ethereum and <a href="https://en.bitcoinhaber.net/bitcoin-strives-for-recovery-after-significant-price-turbulence" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>. The hourly DOT/USD chart shows a prominent uptrend line with support at $7.40, which has captured <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>‘ attention. Immediate resistance is near $7.70, with the next significant resistance around $7.80.</p>
<p style="text-align: justify">If the price breaks through this level, a robust rally could commence, potentially lifting the DOT price to $8.20 in the near term. The subsequent major resistance level is moving towards the $8.50 region.</p>
<h2 id="will-dot-price-meet-expectations">Will DOT Price Meet Expectations?</h2>
<p style="text-align: justify">Fluctuations in the cryptocurrency markets also influence the DOT/USD pair. Should DOT fail to climb above the $7.70 mark, a downward trend may continue. The $7.40 support level is a critical point. Deeper corrections could focus on the $7.30 and $7.00 levels. Breaching these could lead to a drop toward the $6.90 or even $6.80 support regions, though it’s too early to predict such a retreat definitively.</p>
<h2 id="what-do-technical-indicators-say">What Do Technical Indicators Say?</h2>
<p style="text-align: justify">Technical indicators are currently sending mixed signals. The hourly MACD shows bullish momentum for DOT/USD, but its sustainability remains uncertain. The hourly RSI is above 50, yet its impact on price activity is unclear.</p>
<h2 id="key-levels-to-watch">Key Levels to Watch</h2>
<p style="text-align: justify">For investors, the following levels are crucial:</p>
<ul>
 <li>Support levels: $7.40, $7.30, $7.10</li>
 <li>Resistance levels: $7.70, $7.80, $8.20</li>
</ul>
<p style="text-align: justify">In conclusion, while DOT shows potential for a strong rally, vigilance regarding key support and resistance levels is essential for investors.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/polkadot-price-gains-strength-against-dollar" data-wpel-link="internal" rel="noopener noreferrer nofollow">Polkadot Price Gains Strength Against Dollar</a></h5>

Polkadot Price Gains Strength Against Dollar

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