Secret Resistance Levels: $13, $13.37, $14.08.
When it bounced from assistance at $4.50 (100-days EMA) to reach $9.65 by the end of the year, DOT began to rise higher towards the end of 2020. In 2021, it had a hard time to break resistance around $10.20 for the first week of January and eventually rolled over previously today to drop into the $8.00 assistance.
From there, the cryptocurrency rebounded the other day as it broke above $10 to meet the resistance at $10.95 (1.272 Fib Extension). Today, the cost walking continued as DOT rose past $12 to reach $12.72.
DOT/USD– DOT Setting Fresh ATH Above $11.
Key Support Levels: $12, $11.60, $11.
DOT/USD Daily Chart. Source: TradingView
DOT-USD Short Term Price Prediction
Looking ahead, if the purchasers break $13, the first level of resistance lies at $13.37 (1.272 Fib Extension). This is followed by $14.08 (1.414 Fib Extension), $15.10 (1.618 Fib extension), and $15.70 (1.414 Fib Extension– blue).
On the other side, the very first level of support lies at $12. This is followed by $11.60, $11, and $10. Below $10, included assistance is discovered at $9.65 (.382 Fib), $9.00, and $8.67 (.5 Fib).
The RSI is approaching overbought conditions but still has room to permit the market to push greater before becoming very overbought.
DOT/BTC– Bulls Break December Highs At 32,900 SAT.
Secret Support Levels: 32,900 SAT, 30,000 SAT, 27,400 SAT.
Secret Resistance Levels: 35,000 SAT, 37,500 SAT, 39,225 SAT.
Against Bitcoin, DOT likewise rebounded toward the end of 2020 after reversing from 20,000 SAT to reach as high as 32,900 SAT (bearish.382 Fib Retracement). DOT might not pass this resistance in early-January, which resulted in the coin falling as low as 21,120 SAT (.786 Fib Retracement) today.
From there, DOT rebounded and began to push greater from Tuesday. Today, it continued above the 30,000 SAT mark and pressed above the December resistance at 32,900 SAT to reach 33,400 SAT.
DOT/BTC Daily Chart. Source: TradingView
DOT-BTC Short Term Price Prediction
Looking ahead, if the purchasers continue upward, the first level of resistance lies at 35,000 SAT. This is followed by 37,500 SAT (bearish.5 Fib), 39,225 SAT (1.414 Fib Extension), and 42,130 SAT (bearish.618 Fib Retracement).
On the other side, the very first level of support lies at 32,900 SAT. This is followed by 30,000 SAT (100-days EMA &.236 Fib), 27,400 SAT (.382 Fib), and 25,565 SAT (.5 Fib).
The RSI is likewise pushing greater however is still not yet overbought. In addition, the Stochastic RSI just recently produced a bullish crossover signal and has space to continue much greater.
Title: Polkadot Price Analysis: DOT Surges 40% to a New ATH, Becoming the 5th Largest Cryptocurrency
Sourced From: cryptopotato.com/polkadot-price-analysis-dot-surges-40-to-a-new-ath-becoming-the-5th-largest-cryptocurrency/
Published Date: Thu, 14 Jan 2021 13:49:41 +0000 adminhttps:// www.medianews.ca/2021/01/28/polkadot-cost-analysis-dot-surges-40-to-a-new-ath-ending-up-being-the-5th-largest-cryptocurrency/.