DOT. 6H. Should we risk and buy at $2.9?

10 Sep 2020

Polkadot (DOT). Although it is a relatively new project, its pace of development is simply off the charts.

In a short period of time, two private token sales took place, 100 times denominated due to the great hype, and even the founder of Polkadot condemned Binance and Kraken for hasty listing of DOT tokens.

Increased news hype allowed DOT to go up in price 4 times from the average price of private token sales in 10 trading days.
Then the price for a week balanced in the range $5.75-6.85, where as the horizontal volumes show us, there were significant sales! Smart investors do not shy away from the chance to fix x4 profit in less than a month.

Further, a fall to $3.6 and another 4-day range, where the second stage of the sale and profit fixing takes place.

Further, we expect the DOT price fall to the zone $2.90-3.25 , and there it will be necessary to monitor the volumes and whether there are those willing to buy a coin at that price.

If there are no such applicants, then the DOT price will most likely fall into the red zone $1.7-1.9, where there were private token sales and in fact it was the first fair market price of the coin.
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