• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

Charted: Polkadot (DOT) Surges 35%, Key Resistance Turned Support at $10.5

by
January 14, 2021
in Uncategorized
0
Charted: Polkadot (DOT) Surges 35%, Key Resistance Turned Support at $10.5
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Polkadot’s DOT started a strong surge after it broke the $10.00 resistance against the US Dollar. It is up over 35% this week, and it outperformed bitcoin.

  • DOT gained pace above the $9.50 and $10.00 resistance levels against the US dollar.
  • The price traded to a new yearly high at $11.60 and settled well above the 100 simple moving average (4-hours).
  • There was a break above a key bearish trend line with resistance near $9.35 on the 4-hours chart of the DOT/USD pair (data source from Kraken).
  • The pair could correct lower, but the previous resistance at $10.50 might provide support.

Polkadot’s DOT Rallies Above $11

After testing the $7.20 zone, DOT started a fresh increase above the $8.50 resistance level. The bulls gained strength, resulting in a solid push above the $9.00 pivot level.

Related articles

Polkadot Trade Worth $37.33M Liquidated in Latest Crypto Market Dip

March 5, 2021

Kentucky Pushes Mining Tax-Breaks in Bid to Attract Crypto Community

March 5, 2021

There was a clear break above a key bearish trend line with resistance near $9.35 on the 4-hours chart of the DOT/USD pair. It opened the doors for a steady increase above the $10.00 level. The bulls pushed the price above the 76.4% Fib retracement level of the downward move from the $10.71 swing high to $7.18 low.

It even broke the last swing high near $10.71 and settled well above the 100 simple moving average (4-hours). Finally, there was a break above $11.00 and the price tested the $11.60 zone.

Polkadot (DOT)

Source: DOTUSD on TradingView.com

It seems like the price is facing hurdles near $11.50-$11.60. It represents the 1.236 Fib extension level of the downward move from the $10.71 swing high to $7.18 low. It seems like there could be a downside correction from the $11.50 level.

On the downside, the previous breakout zone near the $10.70 and $10.50 levels could act as a strong support. Any more losses could lead the price towards the $9.00 support zone.

More Upsides?

If DOT price starts a fresh increase, it could easily clear the $11.50 and $11.60 resistance levels. The next major resistance on the upside could be near the $12.00 level.

A close above the $12.00 may possibly open the doors for a sustained upward move. In the stated case, the bulls might aim a test of the $15.00 level.

Technical Indicators

4-Hours MACD – The MACD for DOT/USD is gaining momentum in the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for DOT/USD is now well above the 60 level.

Major Support Levels – $11.00, $10.70 and $10.50.

Major Resistance Levels – $11.50, $11.60 and $12.00.

Share76Tweet47

Related Posts

Polkadot Trade Worth $37.33M Liquidated in Latest Crypto Market Dip

by
March 5, 2021
0

Summary: 141,486 traders have been liquidated in the last 24 hours The largest liquidation was a Polkadot trade on Binance...

Kentucky Pushes Mining Tax-Breaks in Bid to Attract Crypto Community

by
March 5, 2021
0

The Kentucky House Budget Committee approved a bill in a 19-2 vote to eliminate the sales tax on electricity for...

Cardano ADA ‘Mary’ Protocol Upgrade Successfully Launches

by
March 5, 2021
0

Decentralized blockchain and cryptocurrency project Cardano has announced the successful mainnet launch of its “Mary” protocol upgrade. This upgrade is...

Plasma.Finance Introduces the Flash Rebalancer

by
March 5, 2021
0

On the 3rd of March, Plasma.Finance introduced the Flash Rebalancer, its latest feature to be released alongside the PlasmaSwap DEX....

Crypto Tax Compliance Startup Taxbit Raises $100 Million, Targets International Expansion

by
March 5, 2021
0

U.S. crypto tax compliance startup Taxbit has raised $100 million in a Series A funding round led by investment firms...

Load More
  • Trending
  • Comments
  • Latest
Grayscale CEO outlines 6 themes that will shape crypto market in 2021

Grayscale CEO outlines 6 themes that will shape crypto market in 2021

January 20, 2021
GrayScale Reopens ETHE Buying

GrayScale Reopens ETHE Buying

February 1, 2021
Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

February 3, 2021
Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

February 6, 2021

Polkadot Trade Worth $37.33M Liquidated in Latest Crypto Market Dip

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0

Polkadot Trade Worth $37.33M Liquidated in Latest Crypto Market Dip

March 5, 2021

Kentucky Pushes Mining Tax-Breaks in Bid to Attract Crypto Community

March 5, 2021

Cardano ADA ‘Mary’ Protocol Upgrade Successfully Launches

March 5, 2021

Plasma.Finance Introduces the Flash Rebalancer

March 5, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Aave (AAVE)
  • Abra
  • altcoin
  • Altcoin News
  • altcoins
  • Altseason
  • Basic Attention Token (BAT)
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • Binance Smart Chain (BSC)
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • Bitcoin Futures
  • Bitcoin Miners
  • bitcoin network
  • Bitcoin Options
  • Bitcoin price
  • Bitcoin SV (BSV)
  • Bitfinex
  • BitGo
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • Cardano (ADA)
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Community
  • Chainlink Price Prediction
  • Changpeng Zhao
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinmarketcap
  • Consensys
  • Craig Wright
  • Crypto Exchanges
  • cryptocurrency
  • Dash (DASH)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Dogecoin (DOGE)
  • Electric Coin Company
  • Elon Musk
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Fees
  • Ethereum Futures
  • Ethereum Miners
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Grayscale Ethereum Trust (ETHE)
  • Grayscale Investments
  • Guide
  • Guides
  • Huobi
  • Institutional Investors
  • jack dorsey
  • Jay Z
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Market
  • Michael Saylor
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • OKECoin
  • Other
  • Pantera Capital
  • Polkadot (DOT)
  • Polkadot Price Analysis
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Square
  • SushiSwap (SUSHI)
  • Tesla
  • Tether (USDT)
  • tether bitfinex lawsuit
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Uniswap
  • UniSwap (UNI)
  • Wallets and Exchanges
  • WallStreetBets
  • Weiss Ratings
  • Wrapped Bitcoin (WBTC)
  • XRP
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.