Polkadot ($DOT /USDT) is on the verge of a potential breakout, showcasing a promising setup for traders.
๐ฅThe 8-hour falling wedge pattern and bullish indicators, including an #RSI recovery from oversold levels at 34.08 and stochastic oscillator signaling a reversal at 14.09, highlight the opportunity for upward momentum.
With #Bollingerbands squeezing, imminent volatility is expected. Key support is established at $6.43, with targets set at $7.45 and resistance at $8.18. Longer-term analysis points to potential rallies toward $11.72 if TOTAL3 confirms bullish momentum.
๐This setup presents a strong opportunity for spot traders, but confirmation of the breakout is essential for maximizing profits. Stay alert and monitor these levels for strategic entries and exits.
