You are currently viewing TA – Polkadot Price Shows Strength, Eyes $10

The price of Polkadot (DOT) shows strength after bouncing from key support on the weekly chart against Tether (USDT).

After Bitcoin (BTC) bounced from its monthly low of $19,000, this signaled a relief for other crypto altcoins including the price of Polkadot. (Data feeds from Binance)

Price Analysis Of Polkadot On The Weekly (1W) Chart Weekly Chart Analysis For DOT Price | Source: DOTUSDT On Tradingview.com

From the chart, the price of DOT saw a weekly low of around $6.50, where it has formed support.
The price has built more momentum as it faces resistance at $10.
A break above the $10 mark, the price of DOT would rally to $12.
If the price of DOT on the weekly chart fails to break the $10 mark, then a retest is bound at $8.62.
The weekly relative strength index for DOT price is 36, indicating more buy bids after bottoming out on the weekly low.
The volume

Keep reading this article on Newsbtc.com.

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