#algotrade $ALGO
ALGO en llamas

#DOT_UPDATE $DOT
Polkadot (DOT) Must Retest Crucial Support To Sustain Uptrend

Amidst the recent euphoria around the cryptocurrency market, Polkadot (DOT) has stood out as one of the best-performing assets, notching a 107.5% price gain in the last 30 days. The prominent crypto asset recently surged to $8.81, representing its highest price point in the past five months.

However, as the Polkadot market remains ravaged with positive sentiments driven by price action and recent network reports, crypto market expert with X username Rekt Capital has shared a valuable cautionary insight.

Polkadot Must Stay Above $8.60 — Analyst

In a recent post on X, Rekt Capital highlighted a crucial support level needed for DOT to maintain its current upward trajectory. The analyst explains that following its recent 35% rally in the past seven days, Polkadot has now recorded a weekly close above $8.60, a previous resistance level now turned support.

Rekt Capital predicts the altcoin is likely to retest to this price level in a move that previously spurred a bullish run to the token’s current all-time high of $55.00 in 2021. However, the crypto pundit notes that Polkadot has also experienced a failed retest at this support zone in April 2024 sliding to $5.8 i.e. a potential 32% decline from the asset’s current market price.

Therefore, DOT bulls need to ensure a successful retest of $8.6 to ensure the coin maintains its current upward momentum. Importantly, a monthly close above this support level indicates the potential for significant price gains in the coming weeks.

If this successful retest occurs, Polkadot is expected to rise to $12.61, suggesting a possible 46.11% increase in the asset’s price. Interestingly, Rekt Capital’s DOT prediction is similar to that of fellow analyst Ali Martinez who had forecasted the coin to reach $11 following a breakout to $6 one week ago.

#BTC Bullish Idea

#HOT

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HOT/USDT
Signal Type : Long 🟢
Leverage : 15×

🚸 Entry Points 🚸 0.2330 - 0.2350

✅Take-Profit Targets✅
1️⃣ 0.2366
2️⃣ 0.2382
3️⃣ 0.2397
4️⃣ 0.2413
5️⃣ 0.2444
6️⃣ 0.2475
7️⃣ 0.2507

🛑 Stop Loss 🛑 0.2270

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#ID
ID/USDT
Signal Type : Short🔴
Leverage : 10×

🚸 Entry Points 🚸

✅Take-Profit Targets✅
1️⃣ 0.3039
2️⃣ 0.3008
3️⃣ 0.2978
4️⃣ 0.2947
5️⃣ 0.2885
6️⃣ 0.2824
7️⃣ 0.2763

🛑 Stop Loss 🛑 0.3223

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KAVA/USDT
Signal Type : Long 🟢
Leverage : 15×

🚸 Entry Points 🚸 0.7600 - 0.7640

✅Take-Profit Targets✅
1️⃣ 0.7681
2️⃣ 0.7732
3️⃣ 0.7783
4️⃣ 0.7834
5️⃣ 0.7936
6️⃣ 0.8037
7️⃣ 0.8139

🛑 Stop Loss 🛑 0.7375

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I talled his 😊

#BTC
Short Idea

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WOO/USDT
Signal Type : Long 🟢
Leverage : 15×

🚸 Entry Points 🚸 0.4130 - 0.4150

✅Take-Profit Targets✅
1️⃣ 0.4180
2️⃣ 0.4207
3️⃣ 0.4234
4️⃣ 0.4262
5️⃣ 0.4316
6️⃣ 0.4371
7️⃣ 0.4427

🛑 Stop Loss 🛑 0.4000

#WOO/USDT

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XVS/USDT
Signal Type : Long 🟢
Leverage : 12×

🚸 Entry Points 🚸 10.020

✅Take-Profit Targets✅
1️⃣ 10.104
2️⃣ 10.187
3️⃣ 10.274
4️⃣ 10.358
5️⃣ 10.527
6️⃣ 10.690
7️⃣ 10.855

🛑 Stop Loss 🛑 9.600

Swing#XVS/USDT

what do you think ???
#BTC
Next ?? 39500 or 45000

39500 Have To Fill CME Gap 😎

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LOOM/USDT
Signal Type : Long 🟢
Leverage : 10×

🚸 Entry Points 🚸 0.1095 - 0.1105

✅Take-Profit Targets✅
1️⃣ 0.1116
2️⃣ 0.1127
3️⃣ 0.1138
4️⃣ 0.1150
5️⃣ 0.1171
6️⃣ 0.1194
7️⃣ 0.1215

🛑 Stop Loss 🛑0.1045

Follow Me For Next Signal
#APT/USDT

#ID/USDT
Long Idea

Last Signal.. Check My Prfile

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NEAR/USDT
Signal Type : Short 🔴
Leverage : 15×

🚸 Entry Points 🚸 2.380 - 2.360

✅Take-Profit Targets✅
1️⃣ 2.344
2️⃣ 2.328
3️⃣ 2.313
4️⃣ 2.297
5️⃣ 2.265
6️⃣ 2.234
7️⃣ 2.202

🛑 Stop Loss 🛑 2.439

Last Signal ☹

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MANA/USDT
Signal Type : Long 🟢
Leverage : 15×

🚸 Entry Points 🚸 0.4632

✅Take-Profit Targets✅
1️⃣ 0.4663
2️⃣ 0.4694
3️⃣ 0.4725
4️⃣ 0.4756
5️⃣ 0.4818
6️⃣ 0.4880
7️⃣ 0.4941

🛑 Stop Loss 🛑0.4477

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