Last Shakeout Has Happened For PolkaDot DOT
2025-02-14
Category: None

Hello, Skyrexians!

We have seen many negative reactions on our recent analysis on XRP where we pointed out that  it it in the distribution zone. We don't understand the sense t hold such overbought asset. Even if growth continues the potential is very low. It's much better to take a look at assets which are still at the bottom, like $BINANCE:DOTUSDT. 

On the weekly time frame we can see that DOT tested the support level again and formed the confirmed green dot on the  Bullish/Bearish Reversal Bar Indicator  . This is the strong signal for the corrective global wave 2 finish. The next target is 1.61 Fibonacci extension at $88 at least. The maximal target is much higher at 2.61.

Best regards,
Skyrexio Team

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