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Here's today's analysis of Polkadot (DOT) ¹: *Trade setup:* - Bullish breakout from a Channel Down pattern is now being retested - Near-term +10% upside potential to $8.00 - Stop Loss (SL) at $6.40 *Pattern:* - Price was trading in a Channel Down pattern due to financial strain, after the winding down of Lido on Kusama and Polkadot *Other information:* - Polkadot-based stablecoin aUSD depegs after Acala Network breach - Polkadot Parachains Launch $250M Fund To Grow Ecosystem - Liquidity solutions for the Polkadot ecosystem - Polkadot Is Deutsche Telekom’s Latest Crypto Experiment - Polkadot’s Parachain Winners Make Strides in Building Sharded Ecosystem Parallel Finance wins Polkadot’s fourth parachain slot auction with $300 million raised - Polkadot hits a new all-time high of $51 ahead of its very first parachain auctions getting approved - Primer on Polkadot & Kusama Parachains - Polkadot, Kusama Jump Ahead of Next Parachain Auction - Cardano and Polkadot Report a Jump in Weekly Cryptocurrency Inflows - Polkadot ecosystem coins

Here's today's analysis of Polkadot (DOT) ¹:

*Trade setup:*

- Bullish breakout from a Channel Down pattern is now being retested

- Near-term +10% upside potential to $8.00

- Stop Loss (SL) at $6.40

*Pattern:*

- Price was trading in a Channel Down pattern due to financial strain, after the winding down of Lido on Kusama and Polkadot

*Other information:*

- Polkadot-based stablecoin aUSD depegs after Acala Network breach

- Polkadot Parachains Launch $250M Fund To Grow Ecosystem

- Liquidity solutions for the Polkadot ecosystem

- Polkadot Is Deutsche Telekom’s Latest Crypto Experiment

- Polkadot’s Parachain Winners Make Strides in Building Sharded Ecosystem Parallel Finance wins Polkadot’s fourth parachain slot auction with $300 million raised

- Polkadot hits a new all-time high of $51 ahead of its very first parachain auctions getting approved

- Primer on Polkadot & Kusama Parachains

- Polkadot, Kusama Jump Ahead of Next Parachain Auction

- Cardano and Polkadot Report a Jump in Weekly Cryptocurrency Inflows

- Polkadot ecosystem coins

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