Polkadot’s DOT started a fresh increase from the $5.60 support against the US Dollar. It correcting gains, but indicators suggest high chances of a fresh increase.
DOT is holding the ground above the $6.00 and $5.80 levels against the US dollar. The price is trading nicely above the $6.00 support and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $6.05 on the 4-hours chart of the DOT/USD pair (data source from Kraken). The pair could start a strong rally once it clears the $6.40 and $6.50 resistance levels. Polkadot’s DOT Eyes Fresh Rally
After forming a base above the $5.60 zone, DOT price started a fresh increase. It climbed above the $5.80 and $6.00