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.
In 100% the projected mast, we have a target to $ 26.88.
Already with 161.8%, the price of polkadot can reach $ 34.40.