Reaching at 8$DOTUSD is looking for great buying opportunity after forming reversal formation & strong buyer with a corrective formation to make a clearer movement to the upside. Expecting target to reach at 8$ for coming weeks.
Key stats
About Polkadot
Launched in 2020, Polkadot is sometimes described as a ‘layer-0’ blockchain as it hosts an ecosystem of blockchains. It’s a ‘parachain’ protocol — which, put simply, means it allows for ease of communication between separate cryptocurrencies. Founder Dr. Gavin Wood (formerly the CTO of Ethereum) sees Polkadot as synonymous with the web3 and its decentralized makeup, which is pretty unsurprising given he literally coined the term in 2014. Its native token DOT is used for staking, governance, and ‘bonding’ — the act of bonding DOT tokens with new chains on the network.
DOTUSD : Looking for long!DOTUSD is looking for great buying opportunity after forming descending channel lined up with the double bottom expecting to reach at 9.70$
Top 4 coins which have outperformed BTCBitcoin has increased by almost 48.97% in the year 2023. Let us have a look at the top 5 coins (based on market cap) which have outperformed BTC (we have not considered meme coins for our analysis).
1.Cardano (ADA)
YTD(%): 61.63
Price is currently moving within a range (0.385-0.421).
25% upside mo
POLKADOT: Long Term ViewLong ter mview of polkdot. It has nt moved up much as compared to othe alts.
DOTUSDDOTUSD / DOTUSDT / Polkadot
As long as the down trendline holds support, I expect to see 55+ in the medium term.
Good TRADING and learning opportunityThe price is making a rounded bottom which is clear indication that price is gaining strength and secondly the price broke off the resistance level and come to retest just wait for a good bullish candle before entering trade
This anylysis may go right or wrong because we all know this is game of pr
Good trade Price following the 50 sma and moving up let the price retrace back to moving average and second confirmation is the previous resistance level become support level
ALWAYS BUY AND SELL ON PULLBACKS
KEEP LEARNING FROM UR MISTAKE
Polkadot DOT Price Prediction - Day 3In this TA, I'm looking to capitalize on the volatility that Polkadot is showing.
Not financial advice
DYOR
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