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Polkadot | Getting Ready for Wedge Breakout..!!
DOT / TetherUS
Long
Polkadot | Getting Ready for Wedge Breakout..!!
By Faibik
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Apr 2, 2023
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Apr 2, 2023
#POLKADOT #DOT (Analysis)
DOT has been Consolidating in Falling Wedge since January 2021.
Seems like It's already Bottomed out& Ready to FLY but Not out of the Woods yet.
Bulls need to Clear the Multi-Year Descending Trendline to Confirm the Wedge Breakout.
Once Breakout Happens, Expecting +250-270% Bullish Rally in the Midterm.
What is Polkadot (DOT) ?
Polkadot is a blockchain platform that improves scalability, security, and interoperability.
It uses a multi-chain architecture allowing customized blockchains to communicate in a unified network.
DOT is the native token used for governance and staking.
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Support and Resistance
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