- DOT and ICP’s values have rallied significantly in the last month.
- However, ICP’s value gains have outpaced DOT.
- DOT appears poised to initiate an uptrend to catch up with ICP.
Polkadot (DOT) has been closely trailing Internet Computer (ICP) in recent price gains, sparking discussion among crypto analysts about whether DOT is due for a significant upward swing.
In a recent post on X (formerly Twitter), crypto analyst Tony Bitcoin opined that DOT might be poised for a potential catch-up rally following the 400% surge in ICP’s value since November 2023.
#Polkadot #DOT and #ICP I have been observing for some time that they are on a par, $ICP has gone up from its minimum 400% and $DOT 150% so now it has to be equalized with $ICP and so now $DOT has to go up 250% pic.twitter.com/VcxVD2gLh0— Tony ₿itcoin (@Toni_Bitcoin) January 4, 2024
Rally Looks Likely
An assessment of DOT’s price movement on a weekly chart showed that the predicted rally might occur.
DOT/USDT 7-Day Chart (Source: TradingView)
An indicator that suggested this was the coin’s ADA’s Parabolic SAR (Stop and Reverse). At press time, the dotted lines that make up the ind…
The post Polkadot (DOT) Poised for a Rally Following 400% Surge in ICP’s Price appeared first on Coin Edition.