- DOT price showing bullish cycle in descending triangle pattern.
- Polkadot price forming morning star pattern in weekly chart.
- Potential triangle breakout could lead to DOT price reaching $7.55.
- Recent correction to $4.29 becomes multi-contact support level.
- Positive cycle within triangle pattern, aiming to challenge 50-day EMA.
- Altcoins hinting at bounce back, DOT price up 2.45% overnight.
- DOT price currently at $4.61 with Doji formation.
- Potential for green candle with increased buying pressure.
- Second morning star pattern forming at $4.29 in 1-week chart.
- Bullish divergence on weekly RSI at $4.29 base.
- DOT price may rise to resistance trendline, needs to exceed $5 mark.
- Breakout rally could push DOT price to $6.30.
- Reversal within triangle may retest support at $4.29.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.