{"id":1266,"date":"2021-09-29T00:21:37","date_gmt":"2021-09-29T04:21:37","guid":{"rendered":"https:\/\/www.hodlin.com\/blog\/?p=1266"},"modified":"2021-09-29T00:21:39","modified_gmt":"2021-09-29T04:21:39","slug":"polkadot-price-analysis-dot-expected-to-rebound","status":"publish","type":"post","link":"https:\/\/www.hodlin.com\/blog\/polkadot-price-analysis-dot-expected-to-rebound","title":{"rendered":"Polkadot Price Analysis: DOT Expected to Rebound Towards $45"},"content":{"rendered":"\n
\"Polkadot
Polkadot Price Analysis For October<\/figcaption><\/figure>\n\n\n\n

Polkadot<\/a> interoperability with other developed projects like Ethereum<\/a> is the project’s primary proposition.<\/p>\n\n\n\n

However, adding scalability to the mix gives it an edge over other similar protocols explaining why DOT\u2014the primary currency priming Polkadot’s ecosystem\u2014is one of the most liquid, and Polkadot is one of the most valuable projects, earning a slot in the top-10.<\/p>\n\n\n\n

Polkadot Market Overview<\/h2>\n\n\n\n

At the time of writing, trackers reveal that DOT is ninth overall, slipping six percent on the last week of trading<\/a>.<\/p>\n\n\n\n

In sync with the state of affairs in the crypto market, the coin has been losing ground versus the greenback, dipping as bears press, rewinding gains of the last few trading months.<\/p>\n\n\n\n

Technically, there are pockets of strength in a currency overwhelmed by bears since bears are trending inside the September 22 bull bar.<\/p>\n\n\n\n

Even so, DOT ended last week bearish, failing to reject lower lows during the weekend, explaining deep losses posted.<\/p>\n\n\n\n

The fissures might widen this week, and DOT might sink deeper into bear territory if there is follow-through– a continuation of the selling pressure of last week.<\/p>\n\n\n\n

Losses below $25 would re-affirm the strength of bears, opening the doors for $20 in the short term.<\/p>\n\n\n\n

However, gains above $33 and the middle BB might spur demand, thrusting DOT towards the H2 2021 highs of around $40 and then towards all-time highs of $45.<\/p>\n\n\n\n

Polkadot Market Movers<\/h2>\n\n\n\n

Polkadot is the most valuable blockchain project aiming to connect all independent ledgers with smart contracts capability.<\/p>\n\n\n\n

The project’s immediate goal is to enable parachains of which DOT is needed during crowd loans in exchange for the crowd-funding project’s token. Parachain is the single most anticipated project that would lift off DOT to a new valuation.<\/p>\n\n\n\n

\n

Polkadot\u2019s parachains launch is expected to begin once two things have happened:
1. A full external audit is completed.
2. @kusamanetwork<\/a> executes at least one successful auction involving crowdloans and hosting at least one functional parachain.
Read more from @gavofyork<\/a>: https:\/\/t.co\/m03AFJueXR<\/a><\/p>— Polkadot (@Polkadot) May 17, 2021<\/a><\/blockquote>