Polkadot

Show

Coin

<p>In a series of tweets, Chetan Gurjar, a crypto analyst, shared his bullish outlook on the price movement of Polkadot (DOT). Gurjar’s analysis suggests that DOT may be poised for a significant upward trend, despite the prevailing bearish sentiment surrounding the crypto.</p>
<h2 class="wp-block-heading" id="strong-monthly-chart-hints-at-bullish-prospects-for-dot-strong"><strong>Monthly Chart Hints at Bullish Prospects for DOT</strong></h2>
<p><a href="https://x.com/chetangurjar642/status/1776821530040950950https://x.com/chetangurjar642/status/1776821530040950950" target="_blank" rel="noopener noreferrer nofollow">According</a> to Gurjar, the monthly chart of DOT displays a potential bullish pattern after a recent cross. “I don’t know if I’m right or wrong, but this monthly chart of $DOT after this cross looks bullish af…” he stated, hinting at the possibility of a substantial price increase. However, Gurjar cautioned that a monthly close below $8.62 could invalidate this bullish scenario.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="461" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-355-1024x461.png" alt="" class="wp-image-470044" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-355-1024x461.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-355-300x135.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-355-767x345.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-355-1536x691.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-355-2048x922.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-355-333x150.png 333w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-355-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-355-778x350.png 778w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-355-788x354.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-355.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="strong-elliot-wave-analysis-and-potential-price-targets-strong"><strong>Elliot Wave Analysis and Potential Price Targets</strong></h2>
<p>In a separate<a href="https://x.com/chetangurjar642/status/1776826952198041983" target="_blank" rel="noopener noreferrer nofollow"> tweet</a>, Gurjar provided an in-depth analysis of DOT’s price action based on the Elliott Wave theory. He identified a potential “1-2, 1-2 waves structure scenario” where DOT could be in a third wave extension. Consequently, Gurjar outlined potential price targets for DOT based on Fibonacci ratios, should this scenario play out.</p>
<p>The minimum target, according to Gurjar’s analysis, is $44, corresponding to the 1.618 Fibonacci extension. Additionally, he identified $67 and $102 as the 2.618 and 3.618 Fibonacci extension targets, respectively. However, Gurjar emphasized that a price below $5.9770 would invalidate this bullish scenario.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-market-update-strong"><strong>Market Update&nbsp;</strong></h2>
<p>At the time of writing, the Polkadot price stood at <a href="https://x.com/chetangurjar642/status/1776826952198041983" target="_blank" rel="noopener noreferrer nofollow">$8.63</a>, up 2.12% in the last 24 hours, according to data from CoinMarketCap. Nonetheless, it’s essential to note that price predictions and analysis are not guaranteed indicators of future performance, and investors should exercise caution and conduct thorough research before making investment decisions.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($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-on-the-brink-of-a-bull-run-expert-predicts-dots-price-trajectory/" rel="noopener noreferrer nofollow">Polkadot on the Brink of a Bull Run: Expert Predicts DOT”s Price Trajectory</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polkadot on the Brink of a Bull Run: Expert Predicts DOT”s Price Trajectory

Table of Contents

CaptainAltcoin

Other articles published on Apr 7, 2024

Tornado Cash Legal Saga: Pro-Crypto Groups Support Developer With Amicus Briefs

BlockDAG Sets New Crypto Standards with 20,000X ROI Vision, Surpassing Avalanche’s Struggle and R...

Shiba Inu's Shibarium Skyrockets 6,823% in Key Metric

Pepe Coin (PEPE) Rival Skyrockets 2500% on Solana

Top 5 Solana Meme Coins Set to Surge – $BONK, $BOME, $SLERF, $WIF, and $SLOTH

Ethereum Price Momentum Faces Key Resistance Levels

Join our free newsletter for daily crypto updates!