DOT Price (Polkadot) Jumps 10%, Why Bulls Can Pump It To $12

Mar 7, 2024 08:00 am Cryptocurrency 48

Polkadot (DOT) is gaining pace above the $10.00 resistance against the US Dollar. The price could extend its rally toward the $12.00 level in the near term.

DOT is gaining pace above the $9.80 and $10.00 levels against the US Dollar.

The price is trading above the $10.00 zone and the 100 simple moving average (4 hours).

There is a key bullish trend line forming with support at $9.10 on the 4-hour chart of the DOT/USD pair (data source from Kraken).

The pair could continue to rise toward the $12 resistance zone.

Polkadot Price Resumes Rally

After forming a base above the $8.00 level, DOT price started a fresh rally. It gained over 20% in a few days and even outperformed Ethereum and Bitcoin at times.

There was a clear move above the $9.50 and $10.00 resistance levels. The price traded to ..

Support the originator by clicking the read the rest link below.