Amidst the recent euphoria around the cryptocurrency market, Polkadot (DOT) has stood out as one of the best-performing assets, notching a 107.5% price gain in the last 30 days. The prominent crypto asset recently surged to $8.81, representing its highest price point in the past five months. However, as the Polkadot market remains ravaged with positive sentiments driven by price action and recent network reports, crypto market expert with X username Rekt Capital has shared a valuable cautionary insight. Related Reading: Polkadot Holds Key Demand Level – DOT Could Hit $11 In Coming Weeks Polkadot Must Stay Above $8.60 — Analyst In a recent post on X, Rekt Capital highlighted a crucial support level needed for DOT to maintain its current upward trajectory. The analyst explains that following its recent 35% rally in the past seven days, Polkadot has now recorded a weekly close above $8.60, a previous resistance level now turned support. Rekt Capital predicts the altcoin is likely to retest to this price level in a move that previously spurred a bullish run to the token’s current all-time high of $55.00 in 2021. However, ..
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