Polkadot In the Process of Retest Attempt, Analyst Says DOT Is Trying to Confirm a New Uptrend
Rekt Capital unveils insights into the ongoing retest of Polkadot’s primary market structure, a pivotal move to validate the initiation of a new macro-uptrend.
Rekt Capital highlights that Polkadot is currently undergoing a meticulous retest at the upper bounds of its key market structure. This strategic move is integral to the confirmation of a broader, long-term uptrend for the cryptocurrency.
The retest initiative has been underway for several weeks, signifying a sustained effort by Polkadot to solidify its position within the established market structure. According to Rekt Capital’s analysis, the retest has shown positive progress, marking success thus far in affirming the cryptocurrency’s trajectory.
DOT is up by 23.5% in the last 30 days and is trading at $5.21 with a 1.8% surge in value over the last 24 hours.
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In summary, Rekt Capital’s observations suggest that Polkadot’s deliberate retest of its primary market structure is a critical step toward establishing a new macro uptrend.
The weeks-long endeavor and the reported success in the process underscore the cryptocurrency’s strategic positioning in the broader market.
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