Polkadot Eyes $10.800 Resistance Amid Bullish Momentum and Recent Surge
As of November 26, 2024, Polkadot ( DOT ) is trading at approximately $8.05, reflecting a decline of 3.59% from the previous close. The day’s trading range has spanned from $7.58 to $8.44.
Technical Indicators: Relative Strength Index (RSI): The RSI is currently at 68.02, indicating neutral momentum.
Moving Averages: 50-Day Simple Moving Average (SMA): Approximately $7.682, with the current price above this medium-term trend indicator.
200-Day SMA: Around $8.968, with the current price below this long-term average, suggesting a potential bearish trend.
MACD (Moving Average Convergence Divergence): The MACD is in the bullish zone, indicating upward momentum.
Support and Resistance Levels: Support: Strong support is observed at $7.542, with additional support at $5.309.
Resistance: Immediate resistance is at $10.800, with a significant barrier at $10.800.