Polkadot (DOT) price is approaching a crucial point: what can we expect?

Polkadot (DOT), known for its interoperability and connecting different blockchains, is the focus of our analysis today. We will focus on Polkadot price prediction for the coming period. In this article you will find a technical analysis from our premium environment.

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Technical analysis Polka Dot (DOT) price

In the Crypto Insiders premium environment, analysts shared a new DOT analysis a few days ago. In it they said the following:

“We remain as optimistic as ever about DOT. We are currently in the fifth wave of an Elliott Wave pattern at 12345, which is an interesting phase.

Our attention is focused on two specific resistance zones. The key resistance zone is around $8.50, where two Fibonacci levels of 161.8% coincide. This makes it a particularly strong resistance zone.

We can expect a short decline in this area, but don’t let that fool you. We remain optimistic in the long term. We are excited to see how the market responds to these key areas and will adjust our strategy accordingly. It is important that we keep a close eye on these developments.”

Date of analysis: December 21st. Link to trading view:

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