The price of Polkadot (DOT) (one of the top 10 Altcoins) has surged in the market by 10% and is currently trading above the $10.00 resistance level against the US Dollar. It is expected that the price may continue to rise towards the $12.00 level soon.
The upward movement is supported by the fact that DOT is trading above the $10.00 zone and the 100 simple moving average on the 4-hour chart. There is also a bullish trend line forming with support at $9.10.
If the price successfully breaks above the $11.00 level, it could trigger a strong rally, with the next major resistance level at $12.00. However, if the price fails to break above $11.00, it may experience a downside correction, with key support levels at $10.35, $10.00, and $9.50.
The MACD indicator is showing bullish momentum, and the RSI is above the 50 level, indicating positive market sentiment for DOT.
