Spike

Polkadot

<p>Polkadot has been rallying, up more than 55% in the last 2 weeks. This price spike might be just the beginning, as popular analyst World of Charts is seeing a possibility of another 100% price spike.</p>
<p>From his observations, Polkadot has recently experienced a rally, achieving over 40% profit from its lows. This positive trend positions the cryptocurrency near a crucial descending trendline, which has historically served as a barrier to upward movement.</p>
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<p>Additionally, a key horizontal resistance zone sits just above the current price, representing a point where selling pressure has previously dominated.</p>
<p><a href="https://x.com/worldofcharts1/status/1859172492998230247?s=46" target="_blank" rel="noopener noreferrer nofollow">The analysis</a> indicates that if Polkadot can successfully break through both the <a href="https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/descending-triangle/" target="_blank" rel="noopener noreferrer nofollow">descending trendline</a> and this horizontal resistance, it may signal a bullish continuation, with a projected price target of $11 to $12 in the upcoming weeks.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/this-analyst-predicts-sui-price-will-surge-to-5-soon-heres-why/" target="_blank" rel="noopener noreferrer nofollow">This Analyst Predicts SUI Price Will Surge to $5 Soon – Here’s Why</a></em></strong></p>
<p>The bullish projection zone, illustrated on the chart, aligns with historical resistance levels and suggests a strong potential for growth. The recent rally reflects renewed buying interest as Polkadot rebounds from a significant bottom, indicating a broader market recovery.</p>
<p>A technical perspective suggests two scenarios: DOT could continue its upward movement if it breaks through resistance levels, but failure to do so might trigger a reversal. Market dynamics, including broader economic conditions and Bitcoin’s price action, could affect DOT’s trajectory.</p>
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<p>The post <a href="https://captainaltcoin.com/polkadot-dot-price-to-spike-100-to-12-if-it-overcomes-this-next-hurdle/" rel="noopener noreferrer nofollow">Polkadot (DOT) Price to Spike 100% to $12 If It Overcomes This Next Hurdle</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polkadot (DOT) Price to Spike 100% to $12 If It Overcomes This Next Hurdle

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