According to technical analysis, which was carried out by analysts from the famous crypto company AYK Charts, DOT technical charts reflect a falling wedge pattern.
The pattern is characterized by converging trend lines that slope downwards, containing lower highs and lower lows. And while falling wedges are traditionally viewed as a bearish pattern, they can indicate a potential bullish reversal.
Representatives of ZAYK Charts believe that the falling wedge indicates that the influence of sellers has almost disappeared, so they expect that the wedge will be broken soon.
According to experts, once this happens, the Polkadot (DOT) price will show a significant upward surge of at least 50% from the current market value.
Investor interest is fueled by information that the Coinbase crypto exchange plans to create a spot ETF based on DOT. As we know, exchange-traded funds, which trade like stocks on traditional exchanges, can attract a new portion of investors to the cryptocurrency market.
According to ZAYK Charts, the above factors will become catalysts for the growth of Polkadot (DOT) by 50%, and possibly even higher. This allows us to hope that an upward trend is about to begin.
