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Capo, a crypto analyst, highlights Polkadot's potential for a major rally. Bitcoin could potentially rise, supported by strong demand in the $59k-$61k range. Continue Reading: Capo Predicts Significant Potential for Polkadot and Bitcoin

Capo Predicts Significant Potential for Polkadot and Bitcoin

A widely followed cryptocurrency trader who accurately predicted Bitcoin’s (BTC) collapse to under $30,000 in 2022 is naming a blue-chip altcoin that he thinks possesses big upside potential. The trader pseudonymously known as Capo tells his 841,700 followers on the social media platform X that if Polkadot (DOT) manages to stay above a key support The post Trader Who Nailed 2022 Bitcoin Meltdown Says Ethereum Rival With ‘Strong Fundamentals’ Could Surge by up to 170% appeared first on The Daily Hodl .

Trader Who Nailed 2022 Bitcoin Meltdown Says Ethereum Rival With ‘Strong Fundamentals’ Could Surge by up to 170%

The Polkadot network reached a landmark in terms of active accounts, while the Relay Chain gets an important technical update.

The Week in Polkadot: Monthly Active Accounts Hit All-Time High

Large players in the cryptocurrency market have been quietly gathering select cryptocurrencies, showing increased interest

Crypto Whales Are Secretly Accumulating Polkadot, Avalanche, BlastUP and Solana

The post Get Ready for Altcoin Explosion After the Market Downturn – Don’t Miss Out on These 5 Top Altcoins appeared first on Coinpedia Fintech News With the temporary crypto market dip, many traders expect a burst of altcoins. Often underdogs, altcoins historically skyrocket in value after market corrections. This article explores five top altcoins that might surge during this market dip: KangaMoon (KANG), Polkadot (DOT), Hedera (HBAR), Aptos (APT) and Cardano (ADA). KangaMoon (KANG) At the top of our list …

Get Ready for Altcoin Explosion After the Market Downturn – Don’t Miss Out on These 5 Top Altcoins

Polkadot shows fluctuation between key support and resistance levels. Consolidation may continue until a clear breakout occurs. Continue Reading: Recent Trends and Analysis in Polkadot’s Market Behavior

Recent Trends and Analysis in Polkadot’s Market Behavior

Check out what is the latest update introduced by Polkadot.

Polkadot Completes a Major Upgrade: Asynchronous Backing Now Live

Polkadot prepares to overhaul its Relay Chain protocol soon. The recent Asynchronous Backing update aims to double block production speed. Continue Reading: Polkadot Implements Key Network Update

Polkadot Implements Key Network Update

Polkadot (DOT) recently tested the $7.5 resistance level. It corrected gains but may rise again if it stays above $6.75 support. Continue Reading: Polkadot Faces Key Resistance Levels in the Crypto Market

Polkadot Faces Key Resistance Levels in the Crypto Market

Polkadot (DOT) is correcting gains from the $7.5 resistance against the US Dollar. The price could start another increase if it stays above the $6.75 support. DOT gained pace and tested the $7.5 resistance level against the US Dollar. The price is trading above the $7.00 zone and the 100 simple moving average (4 hours). There is a short-term expanding triangle forming with resistance at $7.50 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could continue to decline if it fails to stay above the $6.75 support. Polkadot Price Holds Support After forming a base above the $6.00 level, DOT price started a decent increase. It broke many hurdles near $6.75 and even spiked above $7.25. A high was formed at $7.46 and the price is now correcting gains, like Ethereum and Bitcoin. There was a move below the $7.25 support zone. The price declined below the 23.6% Fib retracement level of the upward move from the $6.03 swing low to the $7.46 high. DOT is now trading above the $7.00 zone and the 100 simple moving average (4 hours). Immediate resistance is near the $7.25 level. The next major resistance is near $7.50. There is also a short-term expanding triangle forming with resistance at $7.50 on the 4-hour chart of the DOT/USD pair. Source: DOTUSD on TradingView.com A successful break above $7.50 could start another strong rally. In the stated case, the price could easily rally toward $8.00 in the near term. The next major resistance is seen near the $8.80 zone. More Downsides in DOT? If DOT price fails to start a fresh increase above $7.25, it could continue to move down. The first key support is near the $7.00 level and the 100 simple moving average (4 hours). The next major support is near the $6.75 level or the 50% Fib retracement level of the upward move from the $6.03 swing low to the $7.46 high, below which the price might decline to $6.50. Any more losses may perhaps open the doors for a move toward the $6.10 support zone or $6.00. Technical Indicators 4-Hours MACD – The MACD for DOT/USD is now losing momentum in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for DOT/USD is now below the 50 level. Major Support Levels – $7.00, $6.75 and $6.50. Major Resistance Levels – $7.25, $7.50, and $8.00.

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