DOT/USD $53+ This Cycle

Trader Kyer, an analyst on TradingView, shared his thought about the price action of Polkadot (DOT) and the following targets he’s looking at in the month of September.

Looking at Polkadot on the 2-day time frame we see the reversal that happened in mid-July when it bounced off of $10.45. From here, DOT regained $16.44 with ease as it continued climbing through all the Fibonacci levels and broke through the 1.0 Fib at $30.40, which is now acting as a level of support.

This bullish trend is confirmed and my next targets i’m looking at this cycle are:

TP1 – $39.24
TP2 – $45.69
TP3 – $48
TP4 – $53.53

As always please do your own analysis, I am not a financial advisor.