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Polkadot could ease at these price levels before a new ATH
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It’s natural to be hunting for attractive investments in the altcoin market right now. Once market leader Bitcoin scales to a new ATH, alts would be waiting in the wings for a rally of their own. Now Polkadot makes a strong argument that its anticipated jump would come sooner than most of its peers, owing to bullish market conditions.
Currently trading at a 335% premium when compared to its July lows, DOT has come a long way since the late-May crypto crash. A head and shoulders setup followed by a horizontal channel breakout has kept DOT within striking distance of a new ATH. However, some near-term tailwinds could keep DOT grounded before ascending to newer price levels.
Source: DOT/USD, TradingView
DOT’s price seemed to forming yet another
Read more on ambcrypto.comAbout this in other media
Upcoming parachain auctions send Polkadot to new ATH, while CHR and THETA follow cointelegraph.com /3 years ago
These factors are setting up the stage for Polkadot’s rally to new ATH ambcrypto.com /3 years ago
Gauging Polkadot’s near-term price action, as new ATH draws closer ambcrypto.com /3 years ago
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