in to update In X, JASCRYPTO, a Crypto analyst, indicated that Polkadot (DOT) is currently creating an upper spoiler in textbooks on the daily chart. This technical preparation is often associated with the opposite of the potential trend, indicating the end of the declining direction and the beginning of the upscale collapse. As DOT is uniform within the narrow boundaries of the sorry, the market participants began to note.
The structure indicates that the declining momentum may be weakening, allowing buyers to enter. With the expectation of an increase in volume when collapsing, this style can represent a pivotal transformation of the point and raises a strong step in the upward direction, which may start at a new emerging stage.
Why Polkadot Sufficiency Fall is my bullish
The most prominent JASCRYPTO, a recent Crypto analyst, that Polkadot has completed the outbreak of a multi -monthly wedge. Usually the fall of the fall as reflection patterns, and the successful penetration of DOT indicates that the declining pressure may be a mitigation after months of monotheism. This structural shift reflects the increasing optimism and signs that the original can prepare for a larger upward trend.
JASCRYPTO pointed out that DOT is currently testing the averages of the momentum for 100 days and 200 days (EMAS), which is the main technical levels that often operate with strong resistance in homosexuals. He stressed that the decisive daily closure above this Emas will confirm the authenticity of the collapse and indicate a shift in the morale of the market.
According to JASCRYPTO, if Polkadot maintains momentum and concludes over these critical levels, it may pave the way for a scope of $ 5.5 to $ 6.0 in the short term. This step would constitute a major recovery stage for DOT, as it attracts a new bullish interest from investors.
In an alternative scenario, JASCRYPTO indicated that the worst results may see Bolkadot decrease to $ 3.120 on the higher time frames. However, he added that such a step can determine the theater for a much stronger apostasy, and pay the price over the mark of $ 7 once the momentum returns.
Al -Jams Al -Jami oud – is the point ready for running?
The momentum indicators began to align the bulls, providing promising signals that Bolkadot may prepare for a higher meaningful step. The relative strength index has recovered for 4 hours (RSI) from the sales lands, and meat near the center point around 50. This shift indicates that the declining momentum fades, and buyers may gradually regain control.
In addition to the optimistic trend, the 4 -hour moving rapprochement rapprochement showed a bullish intersection, as the MACD line crosses over the signal line. Move often represents the beginning of the new upward trend or stopped in the previous negative pressure. Combated, RSI recovery and upscale MACD refer to indicate that DOT momentum turns positively, paving the way for a possible continuation if the price is strong.
