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>
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<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

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