2024

Elite

Polkadot

<p>Amidst the recent crypto market correction, Polkadot (DOT) has experienced a 15% dip, trading below $10 at the $9 level after hitting a 2024 yearly peak of around $12 a few days ago. Despite this temporary setback, AlanSantana, one of the most popular traders on TradingView, remains bullish on DOT’s long-term prospects and says it ‘looks good’.</p>
<p>In a recent post, AlanSantana <a href="https://www.tradingview.com/chart/DOTUSDT/HRMfDvhf-We-Are-Looking-Good-Long-Term-PolkaDot-To-144/" target="_blank" rel="noopener noreferrer nofollow">shared</a> his analysis, drawing parallels between DOT’s current price action and its performance in 2020 and 2021. He highlighted the cyclical nature of the cryptocurrency market, which moves within a four-year cycle based on Bitcoin’s halving event.</p>
<p>With the next halving approaching, AlanSantana expects a market-wide correction, followed by sustained massive growth across the board, including Polkadot.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="461" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-850-1024x461.png" alt="" class="wp-image-455682" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-850-1024x461.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-850-300x135.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-850-766x345.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-850-1536x691.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-850-2048x922.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-850-333x150.png 333w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-850-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-850-777x350.png 777w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-850-788x354.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-850.png 1415w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>AlanSantana’s chart analysis suggests that DOT’s current support zone around $9 aligns with the 0.382 Fibonacci retracement level. However, he anticipates a potential further retracement to the $5.5-6 area, which corresponds to the 0.786 Fibonacci level.</p>
<p>Once this retracement phase is complete, AlanSantana foresees a significant upward move for DOT, marked by a big green arrow on his chart, propelling it not only to break its previous all-time high (ATH) of around $53 set during the 2021 bull run but even surpassing the $100 level. This prediction is reinforced by DOT’s similar parabolic run in 2021.</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="conclusion">Conclusion</h2>
<p>While the recent market correction has temporarily dampened DOT’s performance, AlanSantana’s analysis provides a bullish outlook for the long-term prospects of Polkadot. According to the elite trader, DOT is poised to not only recover but potentially set new all-time highs, surpassing the $100 mark.</p>
<p>This optimistic prediction is based on the cyclical nature of the crypto market and DOT’s historical performance during previous bull runs. As the market prepares for the upcoming Bitcoin halving event, investors may want to keep a close eye on Polkadot as a potential beneficiary of the anticipated market-wide growth.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/dogecoin-breaks-macro-downtrend-analyst-shares-why-is-doge-different-from-other-meme-coins/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin Breaks Macro Downtrend, Analyst Shares Why is DOGE Different From Other Meme Coins</a></li>
 <li><a href="https://captainaltcoin.com/bitcoin-enters-danger-zone-as-halving-approaches-analysts-eye-fomc-meeting-for-btcs-next-move/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Enters “Danger Zone” as Halving Approaches, Analysts Eye FOMC Meeting For BTC’s Next Move</a></li>
 <li><a href="https://captainaltcoin.com/xrp-dot-insights-blockdags-rise-as-cryptos-next-1000x/" target="_blank" rel="noopener noreferrer nofollow">XRP Navigates Market Waves As Polkadot Eyes Bullish Horizon; Is BlockDAG The Next 1000x Crypto Marvel?</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($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-looks-good-long-term-says-elite-trader-predicts-new-ath-for-dot/" rel="noopener noreferrer nofollow">Polkadot ‘Looks Good’ Long-term Says Elite Trader, Predicts new ATH for DOT</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polkadot ‘Looks Good’ Long-term Says Elite Trader, Predicts new ATH for DOT

Table of Contents

CaptainAltcoin

Άλλα άρθρα που δημοσιεύτηκαν στις 19 Μαρ 2024

Bitcoin Price Prediction – Is the Bitcoin Rally Over? Altcoin Opportunities Emerge

Dogecoin Breaks Resistance, Signaling Potential Bullish Trend

Japan’s largest pension fund to explore Bitcoin investments

New Pepe Coin Competitor BUDZ Surges 420%, PEPE Investors Watch Closely

Early Signs to Spot Before the Next Crypto Market Crash

Why GALA and BOME reacted differently after posting major gains

Join our free newsletter for daily crypto updates!