Fear grows among Polkadot (DOT) fans as the crypto major gets a negative price forecast from analysts.
Experts warned Polkadot (DOT) holders of a possible revisit to the $2.70 zone, an all-time low, as buying sentiment continues to fall.
Investors did not waste time taking this warning as a signal to buy into The Hideaways (HDWY), a new crypto project celebrated as the best presale token of 2022.
Polkadot (DOT) is on the Brink of Collapse
Polkadot (DOT) walks on thin ice as the price juggles on the $5.00 support. DOT is down 2.35% to $5.21 in the latest charts, adding to its 30-day losing streak which sent the price 11.75% lower.
Polkadot (DOT) printed $5.12 as its session low while keeping the ceiling minimal at $5.24. Analysts fear for DOT, as a fall below $5.00 would trigger a huge sell-off that could send the price back to its all-time low of $2.70 recorded on August 20, 2020.
Polkadot (DOT) fans are divesting from their favorite coin as stability becomes their priority during this highly-volatile trading environment.
Many bought into The Hideaways (HDWY) which is holding a $100,000 prize draw, timely enough to put an end to souring market sentiment on DOT.
Polkadot (DOT) Technical Analysis: Bears on the Lead
Polkadot (DOT)’s technical indicators confirm a bearish streak. The Relative Strength Index falls to the 43.00 zone which shows selling pressure continues to outpace buyers.
Moreover, 50-day EMA is flying high above the shorter timeline – a confirmatory signal of the bears’ dominance.
Polkadot (DOT) is down 80.78% this year. Compared to The Hideaways (HDWY) which managed to pull its price from $0.01 to $0.10, the crypto major is a clear underperformer.
The Hideaways (HDWY) is Everyone’s Chance at Making a Good Profit
This year has been the most difficult period to make a profit in the crypto industry. Many fan favorites like Polkadot (DOT) showed too much volatility over the past 12 months – it had been exhausting for investors.
Nevertheless, it is not too late to end the year on a high note. The Hideaways (HDWY), nearing to close of its successful initial presale event on December 31, is holding a $100,000 for all token holders.
For a token price of $0.10, you will not only have a chance for an instant shot of good fortune – the long-term profit potential of The Hideaways (HDWY) is immense.
Analysts see the price hitting a 9,000% hike in 2023. This is a margin you will not get elsewhere, not even in Bitcoin (BTC) or Ethereum (ETH). Don’t miss your chance.
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
