Major

Polkadot

Avalanche

Higher

<p>Top analyst Crypto Patel expressed optimism in <a href="https://captainaltcoin.com/experts-polkadot-dot-price-prediction-remains-intact-charts-path-beyond-11/" target="_blank" rel="noopener noreferrer nofollow">Polkadot (DOT)</a>, predicting a possible spike to $50. The analysis comes as DOT tests a key resistance, following a 200% price increase from previous levels.</p>
<p>Crypto Patel’s weekly chart analysis of DOT reveals a breakthrough from its long-term downward trend. Moreover, with DOT <a href="https://coinmarketcap.com/currencies/polkadot-new/" target="_blank" rel="noopener noreferrer nofollow">trading around $10.73,</a> it is challenging the key resistance zone around $10-11.&nbsp;</p>
<p>The price movement demonstrates a 214.77% rise from the $4 support level, establishing a new market structure. Technical indicators point to multiple support zones, with $3.5-4 serving as the base during the downtrend.&nbsp;</p>
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   <p lang="en" dir="ltr">$DOT&nbsp;is Growing Fast: $50 Could Be Next <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Polkadot?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Polkadot</a> is up 200% from my entry, and I’m still confident it can reach $50 this bull market.<br>Right now, <a href="https://twitter.com/hashtag/DOT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#DOT</a>&nbsp;is trading near a Major resistance zone at $10-$11. If it breaks above this level, we could see a strong rally.<br><br>Important… <a href="https://t.co/4oDAJA7DFp" target="_blank" rel="noopener noreferrer nofollow">https://t.co/4oDAJA7DFp</a> <a href="https://t.co/nGjUwwyx5T" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/nGjUwwyx5T</a></p>— Crypto Patel (@CryptoPatel) <a href="https://twitter.com/CryptoPatel/status/1864391828075671740?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 4, 2024</a>
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<p>The $7-8 range emerges as a strategic entry point for market participants seeking positions. The chart pattern suggests an upward momentum shift after breaking the descending trendline.</p>
<h2 class="wp-block-heading" id="strong-dot-price-targets-and-resistance-levels-strong"><strong>DOT Price Targets and Resistance Levels</strong></h2>
<p>The analysis outlines sequential price targets at $23, $35, and $50, based on Fibonacci extensions and historical price data. Moreover, the $50 target, reflects a substantial 1,050% gain from the base support zone.</p>
<p>These projections align with previous market behavior and technical formations on the weekly timeframe. Market data indicates the $10-11 zone as the primary barrier for <a href="https://www.thecoinrepublic.com/2024/12/04/polkadot-price-will-dot-surpass-20-as-transactions-soar-to-new-highs/" target="_blank" rel="noopener noreferrer nofollow">continued upward movement</a>.</p>
<p><em>Read also: </em><a href="https://captainaltcoin.com/avalanche-avax-poised-for-higher-highs-if-price-reclaims-this-key-level/" target="_blank" rel="noopener noreferrer nofollow"><em>Avalanche (AVAX) Poised for Higher Highs If Price Reclaims This Key Level</em></a></p>
<h2 class="wp-block-heading" id="strong-social-media-sentiment-strong"><strong>Social Media Sentiment</strong></h2>
<p>On social media platform X, Crypto Patel expressed confidence in DOT’s market trajectory.&nbsp;</p>
<p><em>“DOT is Growing Fast: $50 Could Be Next,”</em> the analyst posted, noting their maintained position despite the 200% gain from entry. The analyst emphasized watching price action around key levels for optimal trading decisions.</p>
<p>The post detailed specific price zones for traders to monitor, marking $10-11 as the decisive resistance level and $7-8 as a potential buy zone. A break above current resistance could trigger the projected rally toward higher targets, according to the technical assessment.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/analyst-says-polkadot-is-growing-fast-predicts-dot-price-surge-to-50/" rel="noopener noreferrer nofollow">Analyst Says Polkadot is ‘Growing Fast,’ Predicts DOT Price Surge to $50</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Says Polkadot is ‘Growing Fast,’ Predicts DOT Price Surge to $50

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