Solana

Mirror

Story

<h2 id="span-data-font-font-size-style-font-size-20px-polkadot-s-price-could-hit-10-if-it-stays-above-8-br-span">Polkadot's price could hit $10 if it stays above $8. </h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, The DOT price uptrend gains momentum through a breakout in the weekly chart channel.</li>
 <li>With a 124% recovery over the last three months from the 2023 low of $3.56,<a href="https://www.coingabbar.com/en/crypto-currency/polkadot-dot-prices-usd" class="f-link" rel="noopener noreferrer nofollow"> DOT's</a> current rally hints at a potential breach of the $10 mark if the current momentum persists.</li>
 <li>The ongoing breakout rally challenges the critical 23.60% Fibonacci retracement level, suggesting a potential extension of the bullish trend.</li>
 <li>The recovery not only signifies a notable end to a lower high formation but also signals the release of previously constrained bullish momentum.</li>
 <li>An impressive 21.70% overnight surge in the DOT price is underscored by a bullish engulfing candle.</li>
 <li>Currently trading at $8.00, DOT indicates a 4.87% intraday dip, pointing towards a temporary pullback as the bullish momentum takes a breather.</li>
 <li>The key question remains: Will DOT manage to maintain its value above the 23.60% Fibonacci retracement level?</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $8.40-$9.00
SUPPORT LEVEL : $7.60-$7.20
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

POLKADOT Poised for Parallels: Will It Mirror Solana Success Story

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