introduction:
Polkadot (DOT) is one of the most influential projects in the blockchain space, providing a solution for interaction between different networks. Through careful analysis on different time frames using advanced technical analysis tools such as time cycles, price analysis, and fractals, we can predict the future price movement. Based on these tools, we expect that there is a strong chance for the DOT/USDT price to rise to the 9.19 level.
Time and price analysis:
First, any technical analysis requires looking at different time frames to accurately track the market movement. We start by analyzing the daily time frame, which shows that DOT has broken through a major resistance in the previously defined price range, which represents a strong starting point towards the upside.
1. Time Cycles:
Using cycle analysis, we notice a certain repetition in price action at specific time intervals. This analysis predicts that the market moves in regular cycles from which we can predict the points at which the price is likely to see a decisive change. When looking at the cycle of DOT/USDT in previous periods, we find that the price tends to rise after short corrective periods, which increases the likelihood of its rise in the current period.
2. Price Action:
The price is now trading in a tight range after breaking the previous horizontal resistance at 8.60 levels, indicating that the market has tested this support level and found strong buying interest. According to the price analysis, the recent interaction of the price with this level indicates the possibility of a sustainable breakout to the upside. The recent price action supports the idea of a continued uptrend, with a major resistance at 9.19. Despite some volatility in the price action, confirmation of this upward move requires surpassing the 9.00 level and being able to stabilize above it.
3. Fractals:
By analyzing fractals, we can identify a repetitive pattern in price action that indicates future trends. In the case of DOT/USDT, the chart shows bullish fractals on small time frames such as hourly and daily, where bullish trends repeat themselves on short time frames indicating the consolidation of the current trend. With increasing buying pressure, the market could see an increase in bullish momentum to reach the 9.19 level.
Bullish pattern and neckline breakout:
One of the technical patterns that is evident on the chart is the ascending triangle, which consists of ascending support lines and a horizontal resistance line. When the price breaks the neckline of this pattern, the next price target is often twice the distance between the neckline and the base. In the case of DOT/USDT, we can set a price target of 9.19 as a minimum based on this analysis.
Future expectations:
Based on the advanced technical tools we used, we expect that the price will stabilize above 8.60 and will witness further gains. The forecast indicates that the price will initially reach 9.19, and if the buying momentum continues, it may exceed this level to reach higher targets in the future.
Conclusion:
Based on the analysis of time frames, price action, and fractals, it is clear that DOT/USDT is in a strong technical position. With technical factors and God’s will remaining intact, we are expected to see a continuous rise in the price in the short term, with an initial target at 9.19. Following this pattern with positive signals in the market could provide strong opportunities for investors in this sector.
alert:
Although technical analysis is based on scientific principles and studied time cycles, it should always be taken into account that the market is affected by multiple factors outside the scope of technical analysis. Therefore, investors should be careful and follow the market regularly.
