Looking at the 2-day time frame of Polkadot we can see the whole picture from the start of the uptrend at $30.45 to our current price currently testing resistance at $53.53. DOT is in price discovery mode and looks like its going to complete the Fibonacci cycle and reach $76 per coin.
It depends on how we close on this 2-day candle, but chances are we’ll pullback a little bit as traders are taking profits, before jumping up towards the next Fibonacci targets.
Behind BTC, ETH, DOT is the 3rd most stacked cryptocurrency among institutional investors so its safe to say that they are here and noticing the fundamental underlying-value in Polkadot and its ecosystem.
TP1 🎯 $67.82
TP2 🎯 $76.65
It depends on how we close on this 2-day candle, but chances are we’ll pullback a little bit as traders are taking profits, before jumping up towards the next Fibonacci targets.
Behind BTC, ETH, DOT is the 3rd most stacked cryptocurrency among institutional investors so its safe to say that they are here and noticing the fundamental underlying-value in Polkadot and its ecosystem.
TP1 🎯 $67.82
TP2 🎯 $76.65
