Rally

Polkadot

Rekt (rektarb.xyz)

Rekt

<p>Crypto analyst Rekt Capital presented a technical analysis for Polkadot (DOT), highlighting a critical juncture that could determine its future price trajectory. The analyst points to a significant weekly close above the $8.60 resistance level, which has historically been a decisive marker for DOT’s price action.</p>
<p>Drawing from historical data, Rekt Capital notes that DOT’s performance at this level has been a tale of two outcomes. In 2021, when DOT successfully retested this level as support, the asset went on to achieve<a href="https://www.coingecko.com/en/highlights/all-time-high-crypto" target="_blank" rel="noopener noreferrer nofollow"> new all-time highs</a>.</p>
<p>However, the analyst reminds traders of a contrasting scenario from earlier in 2023, where a failed retest at this same level resulted in DOT dropping to yearly lows.</p>
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<p><a href="https://x.com/rektcapital/status/1862472407929196698" target="_blank" rel="noopener noreferrer nofollow">The crypto analyst </a>emphasizes that the current retest of the $8.60 level is crucial for DOT’s upward momentum. He suggests that a successful transformation of this previous resistance into support could pave the way for substantial gains.</p>
<p>To reinforce this bullish outlook, Rekt Capital specifically points to the importance of securing a monthly close above this level.</p>
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<p>The post <a href="https://captainaltcoin.com/polkadot-dot-price-could-rally-to-an-all-time-high-if-this-important-support-holds/" rel="noopener noreferrer nofollow">Polkadot (DOT) Price Could Rally to an All-Time High if This Important Support Holds</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polkadot (DOT) Price Could Rally to an All-Time High if This Important Support Holds

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