Polkadot ($DOT ) Analysis Update: Is the Impulse Wave Starting?

๐Ÿ“ˆ Current Stats:

DOT/USDT (Perpetual): $7.086 (+2.19%)

DOT: $7.088 (+2.11%)

Timeframe: 4-Hour

Risk-Reward Ratio: >2

Based on Elliott Wave theory, the corrective phase (ABC) seems to have concluded, marking a significant turning point for Polkadot. The groundwork appears set for a potential impulse wave (1-5), which could signal the start of a major upward trend. As part of this analysis, Iโ€™ve identified the first impulse wave forming along the primary branch of the Elliott Wave structure. If this projection materializes, we might witness an explosive altcoin rally, fueling excitement across the market.

Could this be the moment weโ€™ve been waiting for? The technical indicators suggest an exciting phase is ahead for $DOT, but as always, market dynamics can be unpredictable. Whatโ€™s your perspective? Do you think the impulse wave has officially begun? Letโ€™s discuss your insights!

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