Token

Polkadot

Resistance

<p>The cryptocurrency Polkadot (DOT) is fast approaching a crucial technical level that analysts have identified as an inflection point that could fuel increased volatility. DOT currently trades just below resistance at $8.55 – $8.70, a zone that two prominent crypto analysts, CryptoVIPsignal and Ygcrypto, suggest marks the upper boundary of the current trading range.</p>
<h2 class="wp-block-heading" id="strong-breakout-could-signal-further-upside-strong"><strong>Breakout Could Signal Further Upside</strong></h2>
<p><a href="https://x.com/CryptoVIPsignal/status/1758042594523893959?s=20" target="_blank" rel="noopener noreferrer nofollow">According</a> to CryptoVIPsignal, “DOT is currently moving as expected and is undergoing tests in the resistance area. The next crucial step is to observe whether it can surpass this resistance zone.” The analyst notes that a break above resistance could set the stage for “significant upward movement” but also warns long holders to “consider booking some profits or implementing tight stop-loss strategies.”</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="449" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-573-1024x449.png" alt="" class="wp-image-438873" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-573-1024x449.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-573-300x131.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-573-767x336.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-573-1536x673.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-573-2048x898.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-573-342x150.png 342w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-573-100x44.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-573-799x350.png 799w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-573-788x345.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-573.png 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Ygcrypto <a href="https://x.com/ygcrypto/status/1758102871298761144?s=20" target="_blank" rel="noopener noreferrer nofollow">echoes</a> a similar perspective, saying DOT stands “on the cusp of a BREAKOUT” as it pushes against resistance ahead of a potential “moon mission.” However, the analyst similarly advises longs to tighten stop-losses to protect gains in case of failure.</p>
<h2 class="wp-block-heading" id="strong-dot-remains-in-uptrend-but-faces-inflection-point-strong"><strong>DOT Remains in Uptrend But Faces Inflection Point</strong></h2>
<p>Price action over the past day has seen DOT rally over 10% from around $7.30 to trade just below the stated resistance zone, marked by horizontal support stretching up towards $8.70.</p>
<p>According to an analysis by market intelligence platform altFINS, DOT remains in a clear uptrend across short, medium, and long timeframes.</p>
<p>If DOT manages to decisively break resistance at $8.00, altFINS sees continuation towards $10 (+25% upside) as likely. However, failure to push through could also result in a pullback towards the $6 support zone, which would reset conditions for another rally attempt back towards $8 (+30% upside).</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>With DOT appearing poised for a volatility breakout at a critical technical zone, traders have taken notice. The coming sessions are likely to see increasing activity around current levels as the market awaits the next definitive move. Both bulls and bears have cause for anticipation and the possibility of strong swings remains high. Risk management strategies such as stop-losses or taking partial profits are key considerations given the precarious “danger zone” DOT finds itself in.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/are-ethereum-tips-useful-this-smart-trader-made-over-2-million-in-12-hours-with-this-altcoin/" target="_blank" rel="noopener noreferrer nofollow">Are Ethereum Tips Useful? This Smart Trader Made Over $2 Million in 12 Hours With This Altcoin</a></li>
 <li><a href="https://captainaltcoin.com/major-network-upgrade-triggers-surge-in-sei-token-price-analyst-anticipate-seis-big-breakout/" target="_blank" rel="noopener noreferrer nofollow">Major Network Upgrade Triggers Surge in Sei Token Price: Analyst Anticipate SEI’s ‘Big Breakout’</a></li>
 <li><a href="https://captainaltcoin.com/intuitive-streaming-platform-deestream-dst-get-cardano-ada-litecoin-ltc-investors-pouring-in-early-as-presale-looks-to-hit-40x-in-months/" target="_blank" rel="noopener noreferrer nofollow">Intuitive streaming platform DeeStream (DST) get Cardano (ADA) &amp; Litecoin (LTC) investors pouring in early as presale looks to hit 40x in months</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/polkadot-dot-teeters-on-the-cusp-of-a-breakout-can-it-surpass-resistance-at-this-key-level/" rel="noopener noreferrer nofollow">Polkadot (DOT) Teeters ‘On the Cusp of a Breakout’: Can It Surpass Resistance at this Key Level?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polkadot (DOT) Teeters ‘On the Cusp of a Breakout’: Can It Surpass Resistance at this Key Level?

Mục lục

CaptainAltcoin

Các bài viết khác được xuất bản trên 15 thg 2, 2024

Cisco Takes A Bold Move in Letting Go of 4,000 Jobs and Shifts Focus to AI

TRX Token Burn Triggers BitTorrent (BTT) Token Surge By 12%

Genesis authorized to sell $1.6b Bitcoin and Ethereum shares

ARK Invest sells shares in Coinbase and Robinhood amidst positive market performance

Investment Company ARK Invest Restarted Coinbase Share Sales After a Pause! Made its First Sale o...

NY Bankruptcy Judge Permits Genesis To Liquidate $1.3B Worth of GBTC Stock To Compensate Investors

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!