Polkadot

Summer

Notable

Rekt

<p>Notable <a href="https://twitter.com/rektcapital/status/1763202889311269050?t=TmZ_SjVm47pm-B2WiEF0kw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency analyst Rekt Capital (@rektcapital)</a> posted a Polkadot (DOT) price chart analysis on Twitter, stating that price action has followed his prediction perfectly.</p>
<p>According to Rekt Capital, Polkadot has rallied over 40% and adhered precisely to the “blue path” laid out in his previous analysis. This price action confirms that bullish momentum is in line with his forecast.</p>
<p>Rekt Capital’s chart shows that Polkadot is approaching a significant monthly close above $8.6. With the monthly candle set to close today, bulls need to defend the current price of $8.7 to secure a monthly close above his black line level.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1113-1024x723.png" alt="" class="wp-image-445846" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1113-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1113-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1113-767x541.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1113-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1113-2048x1445.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1113-213x150.png 213w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1113-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1113-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1113-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1113.png 1794w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>What a Close Above $8.6 Means </strong><br>As Rekt Capital states, a monthly close above $8.6 would be considered bullish by traders and investors. It would also set the stage for a potential retest of that level from above. A successful retest could then pave the way for further upside.</p>
<p>In summary, Polkadot’s current price action aligns perfectly with the prediction made earlier by prominent analyst Rekt Capital. If bullish momentum can close and defend monthly prices over his key $8.6 level, he expects substantial gains to follow. The coming daily and weekly closes will determine if this bullish scenario continues unfolding.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/wp-admin/post.php?post=445462&amp;action=edit" target="_blank" rel="noopener noreferrer nofollow">Popular Crypto Analyst Expecting 80% Bitcoin Price Crash – Here’s Why</a></li>
 <li><a href="https://captainaltcoin.com/smart-trader-flips-0-2-eth-into-massive-gains-is-analysts-200-ethereum-price-prediction-next/" target="_blank" rel="noopener noreferrer nofollow">Smart Trader Flips 0.2 ETH into Massive Gains: Is Analyst’s 200% Ethereum Price Prediction Next?</a></li>
 <li><a href="https://captainaltcoin.com/will-spring-and-summer-warm-up-ripple-xrp-trading-price-and-will-kelexo-klxo-20x-as-aave-aave-rival-looks-to-rocket/" target="_blank" rel="noopener noreferrer nofollow">Will Spring and Summer warm up Ripple (XRP) trading price and will Kelexo (KLXO) 20X as Aave (AAVE) rival looks to rocket</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/polkadot-going-according-to-top-analysts-prediction-dot-must-now-close-above-this-level-for-bullish-continuation/" rel="noopener noreferrer nofollow">Polkadot Going According to Top Analyst’s Prediction; DOT Must Now Close Above This Level for Bullish Continuation</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polkadot Going According to Top Analyst’s Prediction; DOT Must Now Close Above This Level for Bullish Continuation

Table of Contents

CaptainAltcoin

Other articles published on Feb 29, 2024

SUI and Avalanche (AVAX) Trade in the Red as Holders Pursue Gains on Rebel Satoshi ($RBLZ) Hyped ...

Floki DAO outlines proposal to burn 190 billion tokens

Memecoin (MEME) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

95% of Bitcoin addresses in the green! The crypto queen marks its grand comeback

Coinbase Cloud Enhances Ethereum Client Diversity with Nethermind and Erigon Support

AERO Rallied Over 140% After Aerodrome Finance Receives Investment from Coinbase Ventures

Join our free newsletter for daily crypto updates!