NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism

DOT Price (Polkadot) Prediction: Bulls Aim Fresh Surge To $7

Aayush Jindal
Aayush Jindal
Last Updated: June 11, 2024 2:34 pm
2 mins read
Polkadot (DOT)

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Polkadot’s DOT started a fresh increase above the $6.00 resistance against the US Dollar. The price is now approaching a major break and might eye a test of $7.

  • DOT is slowly moving higher above the $6.0 resistance zone against the US dollar.
  • The price is trading near the $6.20 zone and the 100 simple moving average (4-hours).
  • There was a break above a major bearish trend line with resistance near $6.12 on the 4-hours chart of the DOT/USD pair (data source from Kraken).
  • The pair could gain bullish momentum if there is a close above the $6.20 resistance.

Polkadot’s DOT Price Gains Momentum

After forming a base above the $5.80 zone, DOT price started a fresh increase. It climbed above the $5.88 and $5.95 levels to move back into a positive zone, similar to bitcoin and ethereum.

The bulls were able to push the price above the $6.00 level and the 100 simple moving average (4-hours). There was a clear move above the 23.6% Fib retracement level of the downward move from the $6.71 swing high to $5.75 low.

Besides, there was a break above a major bearish trend line with resistance near $6.12 on the 4-hours chart of the DOT/USD pair. The price is now trading near the $6.20 zone and the 100 simple moving average (4-hours).

DOT Price (Polkadot) Prediction

Source: DOTUSD on TradingView.com

An immediate resistance is near the $6.20 level. It is near the 50% Fib retracement level of the downward move from the $6.71 swing high to $5.75 low. A successful break above $6.20 and a close above $6.25 could start a strong rally. In the stated case, the price could easily rally towards $6.50 or even $6.80 in the coming sessions.

Dips Limited?

If DOT price fails to continue higher above $6.15 or $6.20, it could start a downside correction. The first key support is near the $6.05 level.

The next major support is near the $6.00 level, below which the price might decline to $5.75. Any more losses may perhaps open the doors for a move towards the $5.50 support zone in the coming sessions.

Technical Indicators

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

4-Hours RSI (Relative Strength Index) – The RSI for DOT/USD is now above the 50 level.

Major Support Levels – $6.05, $6.00 and $5.75.

Major Resistance Levels – $7.20, $7.50 and $7.80.

Tweet123Share196ShareSend
Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

Read more

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

加密圈下一個“RollerCoin”?PepeNode 的 GameFi 新玩法初現熱度 早期勢頭強勁

加密虛擬挖礦遊戲 RollerCoin 曾風光一時,但一位更具野心的新挑戰者PepeNode (PEPENODE)正帶著更宏大的敘事走到聚光燈下。 PepeNode 直擊早期挖礦模擬器的痛點:更強的代...

newsbtc 6 hours ago
Bitcoin

Bitcoin Trail Ends: $29M Seized After European Authorities Shut Down Cryptomixer

Authorities in Europe have shut down a large crypto mixing service and seized a major amount of Bitcoin, according to...

Christian Encila 6 hours ago
hardcore-poker-strategy-winning-tips

骨灰級玩家的德州撲克盈利心得:位置、概率、心理的策略

從線下牌桌一路磨到線上高額桌,經歷十多年對局後,更能感受到德州撲克並非一般人以為的“靠運氣賭博”。真正的高手靠的是資訊優勢、概率計算、行為判斷與長期紀律。大多數玩家失敗,不是因為牌差,而是因為他們不理...

newsbtc 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

ethereum eth ethusd crypto

Can the Fusaka Upgrade Renew Ethereum’s Momentum After Recent Price Hit?

James Halver 37 minutes ago
cardano ada adausd

Cardano’s December Slide Intensifies: What’s Driving the Decline and What Comes Next?

James Halver 2 hours ago
Bitcoin

Bitcoin (BTC) Price In A ‘Vulnerable Technical Environment’ – Key Levels To Watch

Rubmar Garcia 4 hours ago

Premium Sponsors

Press Releases

  • ETHが2,800ドル付近で停滞、次の重要局面はどこか

    ...

    16 hours ago
  • 市場不安の中で見える次の価格シナリオとは

    ビットコイン...

    16 hours ago
  • アルトコイン 注目銘柄:Cantor Fitzgerald の Solana ETF 計画で浮上する買い候補とは

    アルトコイン 注目銘柄:Cantor Fitzgerald の...

    18 hours ago
  • シバコイン...

    18 hours ago
  • ドージコイン 今後:専門トレーダーが予測する大幅反発の可能性とは

    ドージコイン...

    18 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.