Polkadot Going According to Top Analyst’s Prediction; DOT Must Now Close Above This Level for Bullish Continuation
Notable cryptocurrency analyst Rekt Capital (@rektcapital) posted a Polkadot (DOT) price chart analysis on Twitter, stating that price action has followed his prediction perfectly.
According to Rekt Capital, Polkadot has rallied over 40% and adhered precisely to the “blue path” laid out in his previous analysis. This price action confirms that bullish momentum is in line with his forecast.
Rekt Capital’s chart shows that Polkadot is approaching a significant monthly close above $8.6. With the monthly candle set to close today, bulls need to defend the current price of $8.7 to secure a monthly close above his black line level.
What a Close Above $8.6 Means
As Rekt Capital states, a monthly close above $8.6 would be considered bullish by traders and investors. It would also set the stage for a potential retest of that level from above. A successful retest could then pave the way for further upside.
In summary, Polkadot’s current price action aligns perfectly with the prediction made earlier by prominent analyst Rekt Capital. If bullish momentum can close and defend monthly prices over his key $8.6 level, he expects substantial gains to follow. The coming daily and weekly closes will determine if this bullish scenario continues unfolding.
You may also be interested in:
- Popular Crypto Analyst Expecting 80% Bitcoin Price Crash – Here’s Why
- Smart Trader Flips 0.2 ETH into Massive Gains: Is Analyst’s 200% Ethereum Price Prediction Next?
- Will Spring and Summer warm up Ripple (XRP) trading price and will Kelexo (KLXO) 20X as Aave (AAVE) rival looks to rocket
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
