您现在的位置是:DOT price targets more gains after hitting new ATH above $53 >>正文
DOT price targets more gains after hitting new ATH above $53
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛45546人已围观
简介DOT hit a new all-time high of $53.04 on 2 NovemberThe coin is more than 1,800% up since it traded a...
DOT hit a new all-time high of $53.04 on 2 November
The coin is more than 1,800% up since it traded at $2.70 on 20 August 2020
Polkadot currently trades above $52 against the US dollar, up by 15% in the past 24 hours and looking likely to continue in an upward trajectory.
After breaking above $50.00, Polkadot has established a new all-time high and it could continue higher ahead of its highly anticipated parachains auctions launch.
The coin’s potential rally has seen respected crypto analyst Michael van de Poppe predict a run to $75. The analyst shared the chart below and noted that DOT is likely to hit the target if bulls hold crucial levels.
DOT/USD chart showing potential price target for Polkadot. Source: Michael van de Poppe on Twitter.
According to the analyst, Polkadot has a lot of momentum, with the hype around its parachains launch adding to the upside potential. The technical picture shows the cryptocurrency did retest the previous ATH zone on the daily chart.
This should build into an upside continuation pattern that could see DOT surpass $75, van de Poppe added. There’s even an upside chance for bulls to target $115 in this bull cycle, he pointed out in a video analysis of the coin’s technical outlook.
DOT hits new all-time high
DOT hit a new all-time high of $53.04 on 2 November and has seen profit-taking deals pare some of the gains. Despite this, DOT/USD remains bullish with over 60% gains in 30 days and over 1130% in the past year. Notably, Polkadot is about 1,825% higher since touching a low of $2.70 on 20 August 2020.
The seventh-ranked cryptocurrency has overtaken XRP by market cap. With DOT’s value as of writing at $52.11, the crypto’s market cap stands at $54.5 billion. XRP on the other hand is trading at $1.11 to see the Ripple coin’s market cap stand at $52 billion.
While the analyst thinks DOT price will rise in the short term, he has identified key support levels around the $45-$43 area. He has also offered a piece of advice to investors, urging new entrants not to FOMO but to get in on the low.
Alongside Polkadot, van de Poppe has singled out Cosmos (ATOM) as another coin ready to reach a new high. The 22nd ranked coin is trading at $37.69 at the time of writing, about 15% down from its all-time high of $44.42 reached on 20 September 2021.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/84768.html
相关文章
Cardano v STEPN – Which one is a better buy?
DOT price targets more gains after hitting new ATH above $53When you factor in the hype, odds favor STEPN winning in short to medium term.Key Points:Cardano has...
阅读更多
Scaramucci's SkyBridge Capital invests in Vulcan Forged
DOT price targets more gains after hitting new ATH above $53Vulcan Forged will use the funding to expand operations in North America.Global investment firm SkyB...
阅读更多
Huobi Token (HT) price prediction after the buyout by About Capital
DOT price targets more gains after hitting new ATH above $53Huobi Token price has been in a strong bearish trend in the past few months as cryptocurrencies have...
阅读更多
热门文章
- Watch: Figure 101 humanoid robot learns to brew coffee
- China’s mini microwave cannon could reportedly fry Starlink satellites
- SpaceX’s Falcon Heavy launches the secret X37B space plane to orbit
- Starfish Finance Proposes DeFi
- The second tallest building in US from AO Architecture
- LUNC outperforms the other coins in the top 50 list
最新文章
Should I buy Cardano now?
Bitcoin BTC/USD attempts recovery after rate hike scare
BRISE: Bitgert Price Analysis After Introducing USDT and USDC
Are we likely to see a bullish reversal on Sandbox SAND/USD soon?
The UK ramps up regulation of stablecoins after recent Terra crash
The US will soon be home to the world’s first 3D