bullish

Movement

Bitcoin

Polkadot

<p><a href="https://coinpedia.org/crypto-live-news/polkadot-announces-partnership-with-inter-miami-football-club-dot-surge-to-4-38/" target="_blank" rel="noreferrer noopener">Polkadot's native token, DOT</a>, looks ready for a significant breakout, following a price trend seen recently in Fantom. Noted crypto analyst Ali Martinez believes that if this trend continues, Polkadot could first rise to $9.70. After a short pullback to $6.70, Martinez predicts that DOT may even soar to an impressive $20.</p>   
<p>Is there real data to back this up? Let's help you with the answers. </p>   
<h2 class="wp-block-heading" id="h-polkadot-s-road-to-9-70">Polkadot's Road to $9.70</h2>   
<p>According to Martinez, Polkadot's current movement aligns with patterns observed in Fantom's past price charts. In this expected scenario, DOT could initially make a strong upward move to $9.70, which would act as a key resistance level for the token.</p>   
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<p>However, reaching this level is likely to trigger selling pressure, potentially causing a dip to $6.70. While this decline may worry some investors, it could provide a great opportunity for bullish traders looking to buy in or strengthen their positions before a larger rally.</p>   
<p>If Polkadot maintains this trend, Martinez believes it has the potential to reach an impressive target of $20. Breaking out to this level would place DOT near the top of its historical price range, sparking further interest from the broader crypto market.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-polkadot-price-analysis">Polkadot Price Analysis</h2>   
<p>After a strong end to last week, Polkadot (DOT) is facing challenges in keeping its upward momentum. While Bitcoin saw a nice jump, many other altcoins followed suit, and DOT managed a 5% increase, reaching $4.42. However, <a href="https://markets.coinpedia.org/polkadot-new/">it has settled at $4.27</a>.&nbsp;</p>   
<p>For DOT to regain its bullish momentum, buyers need to push the price above $4.60. They also need to break through the 20-day and 50-day Simple Moving Averages (SMAs). This won’t be easy, but if they succeed, DOT could reach the $6.30 level again.</p>   
<p><strong>Bearish Signals to Watch </strong></p>   
<p>On the downside, there’s some concerning news. The MACD indicator has just shown a bearish crossover, meaning the MACD line has fallen below the Signal line. This suggests that sellers may currently have the upper hand.</p>   
<p><strong>Will Polkadot (DOT) defy the odds and reach $20? Only time will tell.</strong></p>

Polkadot (DOT) Price Prediction: $20 Target In Sight?

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