CandleFocus Polkadot Crosses $10: Analyst Targets $22 After Key Retracement
2024-12-03
Author: Content Editor
Polkadot (DOT) has experienced a significant surge in price, increasing by 165% in the past month to surpass the $10 mark. This bullish trend is expected to continue, with an analyst predicting a potential rise to $22. The price chart shows a breakout rally and a strong recovery, with the price surpassing resistance levels and maintaining a bullish trajectory. Technical indicators, such as the moving averages and MACD, support this upward movement. The nearest resistance level is at $11.557, while the immediate support level is at $8.54.
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