Polkadot Coin $DOT

Polkadot (DOT) is a multi-chain protocol that connects and secures various blockchains, enabling the exchange of data and assets, laying the foundation for a decentralized Web3.

Referred to as a super Layer 0 protocol, it supports on-chain governance and updates without the need for forks. Flexible connections between public, private, oracle chains, and new technologies through the Polkadot Relay Chain.

Limitations: Unlimited DOT supply, no plans for deflation, reducing market appeal.

Technical Analysis:

• Breakout of the downtrend on November 10, 2024, at a price of $4.4.

• Buying range: $4.7 - $6 (after breakout).

• Resistance zones: $11.3 - $13.3, $22.

• Target: $28.8, $44, potential to reach $70 if the previous peak of $55 is broken.

DOT
DOT
2.039
+1.14%