Price Analysis

Polkadot (DOT) Price Ready To Ignite, Aims 67% Upswing By End Of October 2021

The crypto space is slowly on the verge to become the fastest growing and flourishing space as the market cap is heading towards $3 trillion at lighting speed. Bitcoin price and Ethereum price are heading towards their respective highs yet again gearing up other altcoins. And hence Polkadot (DOT) price following the trend may also gear up substantially. 

The price since the start of October 2021, maintained a considerable uptrend within a pattern. The asset was maintaining a silent trend with small dumps yet considerable large pumps until huge liquidity propelled the price from $34 to $42 a couple of days before. Since then DOT price repeated the same pattern in order to march towards its ATH.

Source: Tradingview

As mentioned before, the price repeatedly formed a bull flag a couple of times and successfully ranged high. The asset has formed a similar pattern yet another time and could range above $50 with a successful breakout. Interestingly, the asset discovered a new support zone around $40 and bounced each time it visited these zones. 

However, the Polkadot price is on the verge to form yet another bull flag pattern for the third time in a row. And a breakout from these levels may lead the DOT price to trade within the discovery phase soon. 

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Bitcoin Whales Are All Set To Flood Into The Market, Is BTC Price About To Sink?

Yet again China FUD slashed the crypto space and almost all crypto assets were on…

8 hours ago

Will Cardano Be Unveiling DEXes This Christmas?

Cardano network has been sailing the treacherous storms lately, the recent market crash has been…

1 day ago

Is This The Burst Of Metaverse’s Bubble Or The Silence Before The Storm?

The crypto town has been dwindling in strength against the growl of the bears. The…

1 day ago

Bitcoin Price Still Remains Bullish Despite Bears Having The Control Over The Rally!

The weekends appear to be completely bearish for the crypto space nowadays. The asset tend…

1 day ago

Will This Move By The Court Turntables of Ripple’s Stance Against The SEC?

XRP has fallen prey to the global crypto market crash alongside other digital assets, which…

1 day ago

Cardano Remains Strong Above $1 Amid Crash, ADA Price to Rebound Hard Soon!

Yet again the days appeared to have rolled back to May as a similar crash…

2 days ago