Summary
- Polkadot (DOT) is consolidating gains above the $7.40 zone against the US Dollar.
- The price tested the $7.70 resistance level and is trading above $7.20 and the 100-hourly simple moving average.
- A key bullish trend line is forming with support at $7.40 on the hourly chart of the DOT/USD pair.
- The price could continue to rise if it clears the $7.70 resistance level.
