Polkadot (DOT) may EXPLODE IN PRICE SOON, Forming Triangle Against BTC | Cryptocurrency Analysis and Prediction 

DOT/BTC Chart Shows Potentially Very Good Sign 

Polkadot is down along with the whole market as it has fallen from its ATH of $55 down to about $25 and although it started moving up again this token was once again pushed down to the $25 range. The market as a whole is doing really bad and all main tokens have fallen all the way down to their strongest support zone. If this support zone breaks, we may re-enter a bear market but that is not a likely scenario since this support zone is very strong.

It looks like it will a few months to re-enter the bull market, however, DOT is showing some good signs. Right now Polkadot is showing really good signs in the charts as a triangle is forming against BTC. If DOT breaks out from this triangle, we will likely see a massive explosion in price really quickly. 

According to our latest price analysis of Polkadot, a big breakout may happen relatively soon. As you can see above, in the DOT/BTC chart a big triangle is currently forming. A break out from this would be really good news for DOT holders. Currently it is not clear whether this will actually happen or not, but this is definitely a good sign for DOT. 

The crypto market as a whole is at a very dangerous and uncertain point. If BTC falls below the $40k price range we would likely re-enter the bear market. BTC will likely go down to the $35k price range and other tokens including DOT will also see a very significant fall in price. Overall this would be a very bad scenario for everyone who holds any crypto. 

Although there is a chance that we enter the bear-market, that is not likely since the $40k point is a very strong support zone for BTC. Another cryptocurrency token that may see a massive jump in price is ALGO which we predict may be able to reach the $4 price range relatively soon. To read our analysis of ALGO click here. 

Algorand (ALGO) MASSIVE jump in price (2x+) Soon $4? Cryptocurrency Price Analysis and Prediction

The Bullish Scenario for ALGO 

Right now the crypto market has reached a very strong support zone and from here ALGO can either explode in value or fall if we end up in a bear market. All tokens have fallen to the lowest price that they can reach without entering a bear market and they are still holding. BTC has reached its resistance near the $40k price range and it has been holding for some time now so there is a good chance that we will see the market go up from here. 

Of course, a bearish scenario can also occur in which BTC goes down to the $35k price range and other tokens including ALGO follow suit, seeing a significant fall in price. This scenario is not very likely since BTC has been able to hold the $40k support zone many times…CLICK HERE TO READ THE FULL ARTICLE 

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Technology, Investment, Crypto, Cryptocurrency, Blockchain, Polkadot, DOT, Crypto Analysis, Crypto Chart Analysis, Crypto Prediction, DOT/BTC Chart Analysis, Best Crypto to Buy, DOT Crypto Prediction

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Ali F
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