🚀 DOT Price (Polkadot) Pumps 15% As Bulls Aim For Surge To $10

Exciting news for DOT enthusiasts! Polkadot is breaking barriers, soaring above the $7.50 resistance against the US Dollar, experiencing a staggering 15% surge, and setting its sights on the $10 mark. 🌐💰 Let's delve into the key indicators driving this bullish momentum.

📊 Technical Snapshot: DOT's Rally to $10 in Focus!

DOT showcases robust bullish signals from the $6.65 support, marking a turning point.Trading comfortably above $8.00 and the 100 simple moving average (4 hours).A significant breakthrough as a key bearish trend line near $7.80 gets breached.

📈 Chart Analysis: The Path to $10 Unveiled!

After finding solid support at $6.65, DOT initiates a fresh uptrend, conquering resistance levels at $6.85 and $7.00. The breakthrough of the key bearish trend line, especially at $7.80, paves the way for a substantial upward move. The price has surpassed the 50% Fib retracement level, hinting at a reversal.

📉 Resistance Levels: Can DOT Surpass $8.88?

DOT faces immediate resistance around $8.45, with the next major hurdle at $8.88, representing the 76.4% Fib retracement level. A successful breach beyond $8.88 could trigger a robust rally, propelling DOT towards the coveted $9.50 zone. The ultimate goal? The $10.00 mark!

💡 Key Support and Cautionary Zones: Monitoring the Dips

In case DOT encounters resistance and fails to breach $8.45, a retracement might occur. The first key support rests at $7.80, along with the trend line. Subsequently, the $7.50 level becomes crucial, and any further dip could lead to a test of the $7.00 zone.

🔍 Technical Indicators: Favorable Signs for DOT

MACD: Gaining momentum in the bullish zone, signaling positive market sentiment.RSI (Relative Strength Index): Above the 50 level, indicating strength in the current uptrend.

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DOT [Polcadot] Price Predictions for end of the 2024

Predicting the exact price of any cryptocurrency, including Polkadot (DOT), is impossible. However, analysts offer a range of forecasts based on market trends and technological advancements. Here's what some sources say about the potential price of DOT by the end of 2024:

🟢Range: $5.50 to $40.49 (CoinCodex: https://coincodex.com/crypto/polkadot/price-prediction/)

🟢Average: $8.50 to $14.14 (Changelly: https://changelly.com/blog/tag/polkadot/, Analytics Insight: https://changelly.com/blog/polkadot-price-prediction/)

🟢High: $22.50 or $28.19 (depending on source) (Crypto News: https://cryptonews.com/price-predictions/polkadot-price-prediction/, CoinCodex: https://coincodex.com/crypto/polkadot/price-prediction/)

It's important to remember these are just predictions, and the actual price could be higher or lower. The cryptocurrency market is volatile and influenced by various factors, including regulations, adoption rates, and overall economic conditions.

Polkadot Continues Its Bullish Ascent, Aiming for a High of $10
Polkadot (DOT) price has been reaching higher highs and higher lows as it aims for a high of $10. The crypto's price has risen further, breaking through the $7.59 support level and breaking through the previous high.

The present bullish momentum is predicted to peak at $10.00. The price indicator now predicts that the altcoin will grow to level 1.618 Fibonacci Extension or $9.53.
You can read more here: https://cryptosignals.org/technical-analysis/polkadot-continues-its-bullish-ascent-aiming-for-a-high-of-10/

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