Polkacity Touching 0618 Support at 0.60

2022年1月5日

Whilst it has been hit quite hard. Polkacity is still outperforming the majority of the market in the last 3 months. It has had a massive rally to just short of $3. After such a move, a brutal correction is usually expected. As of right now, the price is right above the 0618 fibb support. Bouncing from this zone with Bitcoin would likely mean at least a retest of $1 if Bitcoin finally pumps back to 60k in the coming weeks, or a girthy quick pump back to $1.40 - $2 area. However, the next target for the next ATH may be explosive from here, as Polkacity has a history of massive unexpected green candles. I do think that we see a reversal in this area, however, breaking it would likely mean a few more weeks of pain before seeing fresh ATHs.