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