Polkadot is on fire! 🔥 It saved itself from the abyss and is now stronger than ever.
What a thing! 🤯 Polkadot ($DOT) stood firm and said goodbye to free fall. It held a key support level at $3.84, and not only that! It rebounded with incredible strength, rising more than 4% and touching $4.12. The move is so powerful that even analysts from CoinDesk Research are saying this could be a sign that major institutions, the heavyweights of the market, are quietly investing their money in Polkadot. 🤫 This is not just any upswing; the transaction volume surged, exceeding $7 million, indicating strong buying pressure. 📈
But beware, not everything is pure speculation. The true strength of Polkadot lies in its foundations. The activity of its developers is insane. The platform is ranked eighth in the world for core code development and, hold on!, second in the development of its entire ecosystem, only behind Ethereum. 💪 That means that while prices rise and fall, the people behind the project continue to work tirelessly, building and improving the network. That is what generates long-term confidence, not just today's price.
Now, what's next for Polkadot? The immediate goal is to break the barrier of $4.20. If it achieves this with the same momentum, it could be preparing for an even bigger push. Technical analysts are already seeing that the movement is solid and that the bulls (those who buy to push prices up) have the advantage. That's why many are saying that Polkadot could surprise us. The question is, will it withstand the pressure or will it fall again? 🧐$DOT
