The bull market of Polkadot is making a comeback? Fibonacci golden zone, is DOT brewing a new round of explosion!
After hitting a high of $11.64 on December 4, DOT surprisingly dropped by 35%, stepping into the critical Fibonacci 0.5-0.618 zone! But don't be quick to sing its demise, the bull hunters are gathering strength at this golden buying point. In the past 24 hours, the spot flow of DOT has turned positive, and the price has rebounded by 30% from the lows. This is not the end of the sell-off, but the starting point for the next explosive rise?
Even more exciting is that Coinglass data shows that the proportion of bulls has rapidly risen from 44% to 51%. Who is betting real money? It is clear that the Fibonacci zone is becoming the battlefield for the market to re-accumulate.
However, market sentiment is not all rainbows and unicorns. The fear and greed index has dropped from 78 to 74, indicating that there are still a group of conservatives who dare not enter the market. But as the old saying goes: "The deepest fear in the market is often the greatest opportunity for the brave." If DOT can decouple from the overall market sentiment, we may witness a wild bull revenge!
Don't be blinded by short-term fluctuations, Brother Tang teaches you to lock in targets, advance step by step, and witness the wealth explosion with a smile! Follow Brother Tang, and take you from confusion to freedom!
