Buy Opportunity Polkadot to set New ATH $50 Mid-late March

27 feb 2021

Polkadot (Dot) Buy opportunity! Potential 50%+ Gain to set a New ATH of $50 at the 161.8% Fibonacci Level. Dot's price soared to a high of $42 on 20/02/21. Since setting this new ATH, it has lost some momentum, retracing down to a low of $26 on the 23/02/21 after such an impulsive move, but currently it is still trading 45% above this low 4days ago on the 23/02/21.
The fundamental outlook for Dot in the long-term is great and still very much bullish, its total Market Cap is at $33.7 billion and currently ranked 6th biggest digital currency in the world after Bitcoin, Ethereum, Cardano, Binance Coin and Tether. Over the coming month we expect Dot to retest the previous ATH of $50 at the 161.8% Fibonacci extension.

Note this may not be a straight forward push, but a bullish momentum powered by 3 push phases. Use the Buy Zone area to map your entries, Zone 1 at the 23.6% level and Zone 2 at 61.8% Golden ratio. Overall, there is a high probability that Dot's price will break out higher (50% Gain from current price levels) as the bulls target the next resistance at $50.