Hello, Skyrexians!
$DOT is one is the most hated coin now because it was introduced as a fundamentally strong crypto on the previous bull run, but on the current bull run it's performance is one of the worst in comparison with other tokens. Today we are going to show you why PolkaDot can be the sleeping giant and despite the great market cap can reach insane targets!

Let's take a look at the 1W time frame. If we consider previous bull run as a wave 1, price still has not broken its bottom. It means that DOT is still in the global uptrend. Bear market for this crypto has clear ABC structure which has printed the global wave 2. It has been ended in August 2024 with the green dot on the Bullish/Bearish Reversal Bars Indicator [Skyrexio], which is strong long signal with the bullish reversal bar.

We expect that wave 3 has been already started and its targets can be measured by the Fibonacci Extension 1.61 and 2.61 levels. The first one is $89, the second $142.

Best regards,
Skyrexio Team

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#dotcoin #PolkadotAnalysis

Polkadot (DOT) is currently priced at $5.15, breaking through several technical levels in recent days. The rising buying pressure and positive technical indicators suggest that DOT has the potential for further growth, while also highlighting key levels that could act as support or resistance.
Analysts Identify Key Resistance Levels
Analysts such as iamflez and i_bot404 have identified main resistance levels that could challenge DOT’s further upward movement. Although temporary profit-taking due to overbought conditions may occur, investors are focused on the asset’s long-term potential.
DOT Surpasses Key Levels and Tests Market Resilience
Polkadot’s daily chart shows that the price has moved above the upper Bollinger Band, now slightly above the $4.97 level. This movement suggests a shift to bullish territory, though a breakout above the upper Bollinger Band might indicate that the asset is overbought, increasing the likelihood of a correction or consolidation.
When Bollinger Bands expand, the market indicates higher volatility, which could signal a new trend.
Current support lies around $4.97 at the upper Bollinger Band, while the next resistance level is at the middle Bollinger Band line at $4.19. If DOT climbs above $5.50, the next target could be $7.575, which analyst iamflez considers a key resistance level.
Overbought RSI Signals Caution Amid Buying Pressure
The Relative Strength Index (RSI) is currently at 72.66, indicating an overbought condition.

Typically, an RSI above 70 signals overbought conditions, which may lead to a price pullback due to profit-taking. However, in strong uptrends, assets can remain overbought for extended periods as long as buying pressure persists.
Another analyst, i_bot404, sees $3.60 as a “mega-support” level, suggesting that if DOT’s price drops to this point, it would find strong support. Analysts have a long-term outlook on DOT, indicating it may be undervalued and could reach $16.20, potentially offering a 3–4x return from the current level.

Overbought conditions may slow further gains, especially if DOT encounters resistance around the $5.50 mark.
Analysts Consider Long-Term Growth Potential
With increased interest in Polkadot, analysts have set long-term targets, assuming favorable market conditions. Analyst iamflez highlighted $7.575 as the level to surpass in order to encourage further buying pressure and growth for DOT.

One user on X added that if DOT holds above the 200-day EMA, it could rally to $11, reflecting optimism regarding DOT’s future growth.
The recent price increase aligns with these long-term targets for DOT. If DOT maintains its current levels, it may continue its upward trend. Conversely, failure to hold these levels could lead to consolidation, testing long-term support around $4.19 and lower.

#polkadotupdate , #PolkadotAnalysis , #DOT_UPDATE , #Altcoins👀🚀 , #CryptoNewss

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Polkadot (DOT) recently broke free from a prolonged downtrend and is now showing signs of potential growth. The rebound from a descending wedge pattern indicates a shift towards a more positive outlook. With increasing social interest and strong technical indicators, could DOT be on the verge of reaching new highs?

Key Resistance Levels and Target for DOT
Polkadot managed to break through a downward trend line that had acted as resistance for several months. The next key challenge now lies just above its current price of $4.939. If DOT can clear this level, it could aim for a target of $6.541, representing a 49.83% increase from the current price. Maintaining momentum and holding support above $4.939 will be crucial to achieving this target.
Technical Indicators and Rising Social Interest
DOT’s daily chart shows strong signals for continued growth. The crossover between the 9-day and 21-day moving averages suggests a trend shift, often leading to increased buying activity. The Average True Range (ATR) for DOT is at a low level of 0.197, which typically suggests that larger price moves may be on the horizon.
Polkadot’s social dominance is also rising, reaching 0.355%. This increase in attention often brings higher buying pressure. Additionally, Polkadot’s development activity score remains strong at 72.10, reflecting ongoing improvements to the platform, which boosts confidence in the project’s long-term growth.
With promising technical indicators, growing social interest, and solid development activity, DOT has a clear outlook. If DOT can hold above the $4.939 level, reaching the target of $6.5 becomes a real possibility. The coming weeks could be crucial in determining whether this rally has the strength to continue.

#PolkadotAnalysis , #dotcoin , #Altcoins👀🚀 ,#priceprediction , #Cryptocurrencies

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

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Polkadot is one of the most popular cryptocurrencies after Bitcoin and Ethereum in the crypto world. This article gives a clear and logical Polkadot price prediction according to indicators, market potential, competition, and personal experiences. 
Market Trends with Polkadot(DOT)

Polkadot Price Prediction 2024 (May to December)

The graph outlining Polkadot price predictions for 2024 shows an overall expectation that the DOT Coin will go through ups and downs over the year. The projected low, average, and high prices for the year are estimated to be $7.5, $10.75, and $14. Looking closer at the months from May to December indicates that minimum prices could range between $7.5 and $11.5, while maximum prices may vary from $8.4 to $14. Average monthly prices are forecasted to rise gradually, starting at $8.2 in May and potentially reaching $12.75 by November before settling at $11 in December. This chart offers guidance for investors by providing insights into how Polkadot's price could evolve throughout the latter part of 2024.
Check out our full article on Cryptolnc.com to get The full price prediction by our Experts for Price prediction of Polkadot 2025 (next bull run) 😍😘🤑

$POL is currently trading at $0.4010, down -0.87% in the last 24 hours. Here's a breakdown of the key moving averages (MA):
7-period MA: $0.402025
period MA: $0.403799
period MA: $0.4012
This indicates that the price is hovering near its longer-term support levels. Over the last 24 hours, the price has ranged from a low of $0.3926 to a high of $0.4071, reflecting some volatility.
The trading volume stands at:
15.80M USDT39.40M POL
With strong volume and price nearing resistance at $0.4071, the market may see increased volatility. Traders should watch for potential breakouts above resistance or retracement toward the lower support at $0.3926. Keep a close eye on technical indicators for insights into the next price movement!

#PolkadotAnalysis #BlockchainSecrets #TradingMadeEasy #CryptoNewss #CATIonBinanc