Polkadot (DOT) Must Retest Crucial Support To Sustain Uptrend – Details

Polkadot (DOT) has seen a significant price gain of 107.5% in the last 30 days, reaching its highest price point in five months at $8.81. Crypto market expert Rekt Capital has warned that the altcoin must stay above $8.60 to maintain its current upward trajectory. A successful retest of this support level could lead to significant price gains in the coming weeks, potentially reaching $12.61. If the retest fails, the coin could experience a 32% decline to $5.8. The general market sentiment on Polkadot remains bullish, with a Fear & Greed Index of 78 indicating extreme greed. Stablecoins adoption on Polkadot continues to grow, with the total valuation of USDT and USDC on the blockchain network reaching $120 million. This increased liquidity and trading activity could spur demand and price increases for DOT. Considering these factors, along with a boosting altseason and high market enthusiasm towards the incoming Donald Trump administration, Polkadot is tipped to retain its upward trajectory. However, these projections are not guaranteed and are subjective to all market conditions.