10.3 C
Manchester
February 25, 2021
Image default
Guide & Analysis

Breathe, but Polkadot is testing Endurance

Even with Bitcoin drop, Polkadot is testing Resistance

Indicated by some as the future of Defi, DOT, after a spectacular high, reaching the historic top at $ 19.24, does not make a strong correction. keeps the price up there near the top.

It appears on the chart that the DOT price makes a bullish flag with a rectangle limited by support and resistance after a large mast.

If the price breaks this resistance zone on the chart, in the best practices of technical analysis, the entire previous mast is projected upwards and thus, we would have a new ATH.

It is good to keep an eye out, in a very short time, the crypto is already worth more than $ 15 billion – it is already top4 in the world market cap.

More than 350 projects are already being developed on the platform, including dozens of DeFi solutions.

Polkadot is testing resistance. What if it breaks?

Well, if it breaks, since we have no history, we make an extension of fibonacci to project this mast.
Follow the analysis on TradingView.

Polkadot is testing Resistance - breakdown projections

In 100% the projected mast, we have a target to $ 26.88.

Already with 161.8%, the price of polkadot can reach $ 34.40.

Let’s follow.

Related posts

Bitcoin and Ethereum rise to $ 9,600 and $ 275 with bulls taking over

Shahrukh Ahmed

Bitcoin reacts with rising funds

Shahrukh Ahmed

Bitcoin price analysis: BTC loses momentum as Wall Street investors demonstrate insecurity

Shahrukh Ahmed

Leave a Comment