Polkadot (DOT), once among the legendary projects, triggered its rise by announcing its major update in 2024.
Polkadot, which activated its ecosystem and investors by making a statement recently, created great excitement. DOT, which has been in the background for a long time compared to other ecosystem projects, has gained significant momentum thanks to this announcement. At the same time, DOT, which evolved into a positive structure on the technical analysis side, reflected these positive situations in its price and achieved an increase in a short time.
Will DOT, which has demonstrated a successful performance with the support of fundamental and technical analysis, be able to maintain this situation? Which prices are important for DOT to track?
It broke the falling trend and made a jump!
DOT, which has been pricing by losing value since $5.88, finally made the expected move. When the popular ecosystem coin breaks the downward trend and breaks $ 5,565 in volume, it can move towards $ 5.88 – 6.102 – 6.311 and $ 6.546 respectively. In this process, future news about 2.0 updates will also be of critical importance.
Situations such as the updates to be made in 2024 not gaining sufficient interest, BTC falling or DOT remaining below $ 5,441 will naturally increase the selling pressure on the parity. In such a scenario, a decline to $ 5,258 and then a decline to $ 4,995 and $ 4,822 may be observed.
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