In this article, we look at the stock price of Polkadot (DOT), a platform that connects multiple blockchains into a unified network. This analysis, drawn from our premium environment, offers a fresh look at DOT’s stock price and expected near-term direction.
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Technical analysis Polkadto (DOT) price
The experts at Crypto Insiders recently shared their latest insights on DOT price. They recently presented their detailed analysis exclusively to premium members:
“The Polkadot graphic shows a classic zigzag pattern, recognizable as an ABC-WXY Elliott wave structure. This type of pattern often indicates a corrective market phase.
At the end of this pattern we were able to draw a green buy zone supported by several key Fibonacci levels. These levels provide strong support for the zone as a potential turning point. We are watching closely for a low invalidity level of $3,569. For our current market assessment, it is important that the price remains above this level.
Once the price reaches the green zone and finds support, we expect the completion of the corrective wave and the beginning of a strong impulse wave. At this stage, it is important that we pay attention to signs of a trend reversal so that we are ready to react to the upward movement.”
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