{"id":227821,"date":"2024-01-11T21:25:27","date_gmt":"2024-01-11T15:55:27","guid":{"rendered":"https:\/\/dripp.zone\/news\/excitement-spreads-as-dot-builds-momentum-10-incoming-crypto-news\/"},"modified":"2024-01-11T21:25:32","modified_gmt":"2024-01-11T15:55:32","slug":"excitement-spreads-as-dot-builds-momentum-10-incoming-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/excitement-spreads-as-dot-builds-momentum-10-incoming-crypto-news\/","title":{"rendered":"Excitement Spreads As DOT Builds Momentum, $10 Incoming? – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

\nPolkadot price prediction: DOT rallies alongside altcoins like Ethereum, Cardano, XRP, and Solana following the approval of spot BTC ETFs on Wednesday.\t\t\t\t<\/p>\n

<\/p>\n

Published 10 mins ago <\/p>\n

\n

Polkadot price prediction: Altcoins are emerging as the biggest gainers following the greenlighting of 11 spot Bitcoin exchange-traded funds (ETFs).\u00a0Ethereum<\/span><\/a>\u00a0started showing strength pre-ETF approval and has continued to guide altcoins on this northbound journey. Polkadot price is moving in tandem, after increasing by 22% to $8.45.<\/p>\n

<\/p>\n

If bulls sit tight and avoid cashing out at the earliest sign of profit while increasing exposure to DOT, we could see the token pumping above $10 this week.<\/p>\n

Read also:\u00a0<\/b>Bitcoin Price Prediction Post Spot ETF Approval, Is $60k Target Possible For BTC?<\/span><\/a><\/span><\/p>\n

Polkadot Price Prediction: How To Remain Profitable With DOT<\/h2>\n

Bulls seem relieved following a rebound from support at $7 and the subsequent climbing above the 50-day Exponential Moving Average (EMA) (red), the 20-day EMA (blue), and most importantly, the break above the descending channel.<\/p>\n

A daily candle close above the channel or the support at $8 is required to ascertain the sustainability of the uptrend.<\/p>\n

<\/p>\n

Looking forward, a potential buy signal from the Moving Average Convergence Divergence (MACD) indicator would further seal the deal for speculators. Traders who need more assurance (confirmation of a confirmation) would be compelled to buy DOT with the blue MACD line crossing above the red signal line.<\/p>\n

\"Polkadot