Polkadot (DOT) Can Reach $60+ in Next Wave if it Bottoms on $28 | Cryptocurrency Price Analysis 

Polkadot Shows a lot of Potential 

The cryptocurrency market as a whole is in a big dip right now with many tokens falling by about 20-30% within the last few weeks. One of the tokens that has seen a pretty big fall in price is Polkadot which has fallen by a bit less than 50% in the last month alone. Due to this massive dip in the crypto market, right now is one of the best times to buy in since from here we should only go up.

Today Bitcoin has passed the $48k  mark and has started moving towards the $50k range again, if BTC is able to pass those ranges we may reenter the bull market again and most coins may go back to the prices they were sitting at a few weeks ago.  Many tokens are showing pretty good signs right now such as 1INCH and of course, Polkadot.

Polkadot bottom may go to $60

As you can see in the price chart above, if Polkadot is successfully able to bottom around the $28 price point, we will see the start of the next major wave for this token that may take DOT all the way up to the $60 price range! Polkadot has a lot of potential both in terms of a more long-term outlook as it has a really good project backing it, so a great rise in price is definitely possible right now. 

With the current state of the cryptocurrency market a move like this is very much possible. Earlier this week we were seeing pretty good signs and the market was at the verge of a re-entry into the bull market, however, BTC got pushed back down to test $48k and the other tokens also came down with it. Fortunately for those who have been holding, BTC has not yet fallen below the $48,000 line and from here we may potentially see a re-entry into the bull market if BTC is able to reach the high $50,000 price range. 

Right now another cryptocurrency that is showing good signs is 1INCH which may try to test $8 again as it is forming a double bottom in the BTC chart right now. To read the full analysis of 1INCH click here. 

1INCH Crypto Could Test $8 Again, Forming Double Bottom in BTC Chart | Cryptocurrency Price Analysis and Predictions

The cryptocurrency market recently experienced a massive crash and the large coins like BTC came down by about 20% while smaller coins fell as much as 50%! Fortunately 1INCH was not one of the coins that fell by 50% but it did fall by about 30% in price compared to the price point it was sitting at pre-crash. Although the market as a whole has seen a massive crash, according to our latest analysis many coins are showing somewhat strong signs of making a come back and starting to move up towards their pre-crash price range again.

Right now the crypto market has reached a very unpredictable point. Bitcoin saw a rise towards $50k but it got pushed back down to $48k and if it breaks the $48k resistance and goes lower, it would mean bad news for the whole market as most cryptocurrencies will also see a fall in price. If BTC holds $48k and starts moving up again it will be good news for the market and we may see a massive come back, only a week after the crash. If things go well, 1inch is showing signs that… Read the full article by clicking here.

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Technology, Investment, Cryptocurrency, Crypto, Blockchain, Altcoins, Polkadot, DOT, Polkadot Price Analysis, DOT Price Prediction, Crypto Predictions, Polkadot Analysis, Best Crypto to Buy, $60 Polkadot

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Ali F
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