So without wasting time, lets get straight to the point, Is polka dot worth buying for this crypto season ? will it break all time high and how high it can go before dumping all the way down after bull market.
So I’ve been into crypto market since 2016, So i have seen at least 3 Crypto Major Seasons. So lets break it down.
Why Polka DOT is solid project ?
First of all many people do compare polka dot with Ethereum and other major projects. why is that ? what is so special about polka dot. So Polka dot has strong team behind its foundation. Gavin Anderson lead the polka dot project the guy was original responsible for writing bitcoin core code. You can checkout his profile at bitcoin talk forum
After leaving bitcoin he also helped write the Ethereum code, after working with Ethereum he thought there is still room for improvement then he Lead the polka dot team. Gavin is just genius who love to write code. Gavin also have exchanged email with Satoshi who wrote the original white paper for bitcoin. So yeah now its clear that Polka Dot has its future and its not going anywhere.
Will it break all time high again?
If you bought at the peak of last bull market around 53 usd, which is scary to think about because last year polka dot made a low of 3$ that is a 93% crash which crazy to think. but you are in luck. i have published few ideas related to polka dot on my trading view profile.
So take a look at the weekly polkadot chart, it looks like its going down but its just a healthy correction, look at the RSI value, if the RSI value is above 50 it means we are still in the bull market and it was just a slight correction. also MACD gave us signal in oct 2024 which was strong indication that the bull market is started. while we can not predict the exact peak of the market. we can analyze the market with previous performance and its data.
Why Polka Dot (DOTUSD) is a Strong Buy Right Now by Bitsleader on TradingView.com
This is the previous analysis which i had published in 2023, which was on point. So i believe during this bull market we can see polka dot hovering above 80-90$
I believe Polkadot will break its all-time high because it’s forming a broadening pattern. Once it breaks out of this wedge, we could see the price rise above $40 in the short term. At that point, I would consider taking 30-40% profit. However, it’s important to remember that predicting market outcomes with certainty is impossible, so only invest what you can afford to lose. Avoid high leverage, as it can be addictive and lead to gains being wiped out in a single trade.
The next target could be around $50, where I recommend taking another 30-40% profit. Always secure your gains and use stop-loss orders. Without proper risk management, your entire portfolio could be at risk.
Currently, Polkadot is priced around $6.95, which is significantly lower than its all-time high. Consider entering the market soon, as conditions appear favorable.
