DOT Price (Polkadot) Looks Set To Crush $10 And Rally Further

Mar 4, 2024 06:00 am Cryptocurrency 52

Polkadot (DOT) is gaining pace above the $8.80 resistance against the US Dollar. The price could extend its rally once it settles above the $10 barrier.

DOT is gaining pace above the $8.50 and $8.80 levels against the US Dollar.

The price is trading above the $9.00 zone and the 100 simple moving average (4 hours).

There is a key bullish trend line forming with support at $9.20 on the 4-hour chart of the DOT/USD pair (data source from Kraken).

The pair could continue to rise unless the bears are able to defend the $10 resistance zone.

Polkadot Price Restarts Rally

After forming a base above the $7.50 level, DOT price started a steady increase. It gained over 25% in a few days and even outperformed Ethereum and Bitcoin at times.

There was a clear move above the $8.50 and $8.80 resistance levels. ..

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