Polkadot / Dollar may rise to 7.63 - 7.75

7.21 is our pivot point.

Our preference

Rise to 7.75.

Alternative scenario

The downside breakout of 7.21 would call for 7.01 and 6.89.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under its 20 period moving average (7.39) but above its 50 period moving average (7.38).

Supports and resistances

7.99 **

7.87 *

7.75 **

7.63

7.38 last

7.29

7.21 **

7.01 *

6.89 **

Number of asterisks represents the strength of support and resistance levels.