Emergency pokut price video because Folks what I saw in the charts has Shocked me but what I saw offchain is Even more bullish and before we get into The the 4H hour charts and some price Predictions for 2024 I wanted to tell You why I'm so bullish on polka dot at These levels so right now you can see Polka dot is ranked 14th in coin market Cap here so I me look great tokenomics Most of the token has been released it's Only going to have a total supply of 1.4 Bill I and we're already at 1.3 billion If you hit market cap it's also looking Pretty good right there so you know it Hasn't had a big influx of tokens but The charts are looking bullish but what I'm seeing offchain has got me even more Bullish now polka dot been leading in Dev activity this is for the past 30 Days it's about a week ago you can see It right here coming in at number six But for the entire year because you know Things fluctuate and you know maybe February is great but March is bad and April's good again but if we look for The entire year of 2023 which ecosystem Is bringing in newcomers when it comes To developers polka dot is also a top 10 Project more than near more than ICP More than optimism more than a lot of These very very strong robust Dev Ecosystem tokens so polka dot is always A top 10 coin when it comes to activity
At least by developers so on that metric Alone you know very very bullish but This is potentially the most bullish Thing about polka dot and it is Grayscale grayscale has a fund the Grayscale dynamic income fund this is Essentially a uh similar to the Bitcoin ETF or similar to their Futures based ETFs that they have and they seek to Optimize income in the form of staking Rewards associated with proof of stake Digital assets I think value investors And older investors are going to look at A Bitcoin ETF especially after Bitcoin Has gone up 100% 200% as you know maybe Uh the the pump is done and so they're Going to look for some Investments maybe With with a dividend style return and I Think this Dynamic income fund with Staking rewards very very similar to Dividends I've talked about this in the Past with ethereum and I can see this Being huge so the grayscale dynamic Income fund it has a bunch of different Cryptos in it and you can see here top Three crypto is polka dot it is the Green uh wedge of the pie right here 14% Of these Holdings is just holding polka Dot so very very bullish grayscale has Tons of outflows with the Bitcoin ETFs And you know what they ended up doing They lowered their fees and so I just See this becoming uh just a more Attractive investment as people uh try
To diversify it's like okay I've Deployed my Capital into the Bitcoin ETF And now I have a little bit extra to Play you know maybe they put 80% of Their funds in Bitcoin ETFs and maybe 10% in an ether maybe 10% in this fund Right here the grayscale dynamic income Fund it's in the name it's good name and To me just polka dot making up 14% huge And I I expect huge buying pressure from Grayscale as this fund gets more and More popular because this this fund is Not going to be flat it's either going To become more popular or less popular And I think 2024 is a year for Mainstream adoption and this is just Going to equate to very bullish price Action but now let's get back to the Charts now this is the 4our chart and You see the squiggly line we're going to Talk about the squiggly line in a little Bit but the 4H hour chart is looking Very bullish we have a a really really Nice trend line that we're forming here And you can actually drag this trend Line all the way back to October of last Year that was a low for a whole lot of Crypto projects and you see we went a Little bit below boom bounced that back Up and turned it into support so I Wouldn't be surprised if in the short Term we retest this maybe coming down Another 203 cents maybe a dollar you Know depending if we Spike up a little
Bit ahead of time so I wouldn't be Surprised to see a very short-term Pullback potentially even you know maybe Testing it to the downside but on the Large time frames this is where things Start to get really interesting folks Now we're going to highlight a couple Things first thing we're going to look At is the volume bars down here on the Bottom you can see if we go from uh the Top of 2021 those around November uh Polka dot did put in a second all-time High in the second half of 2021 which is I consider pretty bullish and if we look Look at all the red you see in the Volume bars here so just tons and tons Of selling and now we're getting huge Amounts of of selling pressure I know You see a little Spike right there that Was exchanges collapsing so you know That those just people fleeing the Ecosystem but now now you have people Pouring into the ecosystem and we Haven't seen volume like this in a long Time and we've never seen bullish volume Like this unless you go all the way back Before this magnificent runup uh where It just ends up pumping holy smokes 700% In 56 days now I think 700% in 56 days Is going to be a little bit uh moonmy But you know I I do think we're going to See a pump and part of the reason I'm so Bullish is the Fibonacci when you start Running these you start seeing some
Pretty interesting things lining up Everybody you know you kind of see that First level where you know maybe we're Going to get rejected or really close to $15 the reason I find it so interesting We see it play out a second time if we Run out of Fibonacci right here and look At the alignment of these two lines Coming in right at $15 so I expect us at Least here to you know test the 2618 now I want to show you something in the Charts that I just I couldn't help but Uh just be fascinated by if we run this Fibonacci out you're going to see a Little bit of a perfect alignment right There but this is where I think we take Our next levels you see on the second Fibonacci we were ran it from this high To the next local bottom we came up to The 168 now if we were to hit the 168 Folks that is where I get my $90 Target For polka dot now I think we can hit $90 In 2024 that's close to a 10x where We're at right now dollar $99.50 now the Next thing has me even more bullish Everybody if I go ahead and get these Out of the way and uh let me we go ahead And uh delete this as well we have a Little bit of a head and shoulders slash Cup and handle they're going to play out The same way so we go ahead and uh draw A line right here you can see nice Little uh Head and Shoulders starting to Form but you could also make an argument
This is a cup and handy we always like a Little cup in handy uh but it's going to Give us uh essentially the same price Target so what you want to do here is You want to see from the top down to the Bottom and then we can go ahead and move That out here to test where the break is So I expect a little bit of a uh a nice Little pump close to this $15 level but Then the next level after that you know I'm kind of looking right here at the $37 level let me go ahead and remove Those lines and I want to show you one More thing everybody in the charts that I found pretty pretty compelling here if We go ahead and do run a cup in handy Right here we pull it down from the Downside now if we have a little bit More of a conservative Target from this Breakout everybody you can see a nice Nice alignment with these previous Levels that we were testing I would say Back in January 22 this is a kind of the First test to the downside to see where Some strong support is so I expect a Little bit of a resistance around $15 a Little bit more resistance around $30 And then blast off to the Moon $90 price Prediction for polka dot so I just saw These in the charts had to share with You but really what really has me Bullish is this grayscale fund and the Dev activity so what's happening onchain And what's happening offchain what's
Happening in the charts are all making a Nice little perfect storm for polka dot So I just want to let you know you're Probably not bullish enough and I'm Dey We'll see you in your dot bags at the Top
