DOT Price (Polkadot) Spikes 5% and Primed To Surge Toward $6

Dec 1, 2023 08:00 am Cryptocurrency 61

Polkadot (DOT) is gaining pace above the $5.25 resistance against the US Dollar. The price could surge further toward the $5.85 and $6.00 levels.

DOT is gaining pace above the $5.25 resistance zone against the US Dollar.

The price is trading above the $5.30 zone and the 100 simple moving average (4 hours).

There is a key bearish trend line forming with resistance near $5.55 on the 4-hour chart of the DOT/USD pair (data source from Kraken).

The pair could gain bullish momentum if there is a close above $5.55 and $5.60.

Polkadot Price Regains Strength

After consolidating above the $5.00 support, DOT price started a decent increase. The price was able to clear the $5.20 and $5.25 resistance levels to move into a positive zone, like Bitcoin and Ethereum.

Polkadot cleared the 100 simple moving average (4 hours) and tested the $5.60 resistance. A high is ..

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