2024

Bitcoin

Polkadot

<p>The post <a href="https://coinpedia.org/price-analysis/polkadot-dot-price-poised-for-90-surge-in-march-analyst-maps-next-levels/">Polkadot (DOT) Price Poised For 90% Surge in March: Analyst Maps Next Levels</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As Bitcoin (BTC) price rallies above $60,000 for the first in more than two years, the altcoin market is gradually catching up on a bullish trend. The rise of blockchain technology is inevitable as institutional investors lead in crypto buying pressure. With the existence of dozens of blockchains including layer-ones and layer-twos, the need to connect them securely has dramatically increased.</p> 
<p>As a result, layer zero blockchains have emerged to enable different blockchains to communicate securely at scale. The Polkadot (DOT) ecosystem has thrived in this category for the past few years.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-polkadot-ecosystem-at-a-glance">Polkadot Ecosystem at a Glance</h2> 
<p>The Polkadot network has grown to a billion-dollar ecosystem with the potential of rallying further in this bull cycle. According to on-chain data provided by subscan, the Polkadot network has 3.1 million accounts from around 1.2 million holders.&nbsp;</p> 
<p>As of this report, the staked and bonded DOT tokens amounted to more than 53 percent, thus leaving less amount in circulating supply.</p> 
<p>Some of the notable blockchains and web3 projects using the Polkadot’s parachains include Acala, Astar, HydraDX, Interlay, Litentry, Moonbeam, and Pendulum, among others.</p> 
<h2 class="wp-block-heading" id="h-poppe-s-take-on-dot-price-action">Poppe’s Take on DOT Price Action</h2> 
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   <p lang="en" dir="ltr">The higher low was established for <a href="https://twitter.com/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOT</a>.<br><br>The whole ecosystem is thriving after Polkadot 2.0, through which the trend is reversed towards an upwards trend.<br><br>I'm expecting a breakout to happen above $9.40 towards $17. <a href="https://t.co/YhUemKmzGA">pic.twitter.com/YhUemKmzGA</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1762802327566819817?ref_src=twsrc%5Etfw">February 28, 2024</a>
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<p>According to a popular crypto analyst Michaël van de Poppe, the DOT price is on the cusp of a major bullish uproar in the coming months. Poppe argues that DOT has already established a higher low and is on the cusp of forming a higher high on the weekly time frames. Consequently, Poppe is confident DOT price will reach $17 as the first target in the near term.</p> 
<p>The DOT’s bullish stance is bolstered by the fact that the weekly chart has been forming an inverted head and shoulder (H&amp;S) pattern coupled with a rising divergence on the Relative Strength Index (RSI). When the weekly RSI rallies above the 70 level, the DOT price will be open for a parabolic rally toward the all-time high (ATH) and beyond.</p>

Polkadot (DOT) Price Poised For 90% Surge in March: Analyst Maps Next Levels

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