đ Polkadot ($DOT) Weekly Chart Analysis: Ready for a Breakout? đ
Polkadot ($DOT) is currently trading within a descending triangle pattern on the weekly chart, a formation that typically signals potential volatility ahead. đ
Recently, $DOT saw a strong bounce after touching the lower support zone at $3.75, which has acted as a critical area for buyers. đ This bounce shows that the bulls are still active, keeping hopes alive for a long-term bullish trend.
đ§ Key Levels to Watch:
Support: $3.75 (solid bounce from here)
Resistance: Descending trendline above (currently a major barrier)
đ„ A breakout above the resistance trendline could be the game-changer, potentially triggering a powerful rally towards the $24 target. đ With Polkadot's strong fundamentals and growing ecosystem, this level is well within reach if momentum builds.
đĄ Final Thoughts: Keep an eye on the descending triangle pattern. A break below support could suggest further downside, but a break above resistance might kickstart a massive rally! đ
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