$DOT A powerful explosion is coming!! 🚨🚨
DOT (Polkadot) is currently experiencing significant market movements. Here is an analysis of its price and performance:
1. Current Price:
- DOT is currently trading at 8.42 USDT with a decrease of 4.54% in the last 24 hours
2. Technical Performance:
- Current Trends: On the weekly frame, DOT seems to have ended its downtrend and is starting a slight upward phase. A daily candle close above **$9** is an important condition for continuing the upward trend
- Wyckoff pattern: There is a strong accumulation indicating a Wyckoff accumulation pattern, which supports the possibility of an upward trend in the near future
3. Future expectations:
- Some analysts expect DOT to reach $12 and $23 levels in the future, with the possibility of reaching $32 in the long term
- If DOT manages to break the resistance level at $9, it may continue to rise towards the specified targets
4. Influencing factors:
- Risk management: It is advisable to manage risks well, as the market is still full of volatility. It is preferable to sell at each target to reduce the amount
- General volatility: It is necessary to follow the news and developments in the market, as they can greatly affect the price movement