DOT Price Surge Above $6.80: A Sign of a New Uptrend?
Polkadot (DOT) price break above $6.80 could spark a fresh rally.
DOT started an increase from the $6.00 support against the US dollar it gained and may start a fresh rally above $6.80.
DOT is holding the ground above the $6.00 and $6.20 levels against the US dollar.
The DOT price is currently trading above the $6.50 support and the 100 simple moving average.
There was a break above a key bearish trend line with resistance near $6.20 on the 4 hours graph of the DOT/USD pair.
DOT/USD pair could start a strong rally once it clears the $6.80 and $7 levels.
The bulls were able to boost the price above the $6.20 level and 100 simple moving averages there was a break above a key bearish trend line with resistance near the $6.20 on the 4 hours graph of the DOT/USD pair.
DOT price is currently consolidating gains to bitcoin and Ethereum there was a move below the $6.70 level. it decreases below the 23.6% FIB retracement level of the upward move from the $6.03 swing low to the $6.90 high.
The live Polkadot price today is $6.71 with a 24-hour trading volume of $368,552,911. Polkadot is up 3.16% in the last 24 hours. The current CoinMarketCap ranking is #12, with a live market cap of $7,738,941,579. It has a circulating supply of 1,153,207,009 DOT coins.
Polkadot price statistics change in 24 hours is +$0.1959 and 3.01% and 24 hour low is $6.49 and 24 hours high is $6.85 with 0.72% Market dominance.
DOT's 7-day low is $6.05 and 7 day high is $6.85 with 140.72% Polkadot ROI.
if the DOT price fails to continue higher above $6.80 there could be a downfall the first key support is near the $6.45 and $6.48 levels.
The next major support is near the $6.35 level or the 61.8% FIB retracement level of the upward move from the $6.04 swing low to the $6.90 high any more losses may open the doors for a move toward the $6.00 support level.