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Looking at the three-day chart, we can’t help but notice that DOT has found an impressively solid support level at $3.60—a level it hasn’t dared drop below since November 2023. Quite the resilient character, isn’t it? A triple-bottom pattern has emerged, a bullish reversal that could make even the most seasoned traders blush with excitement. Its neckline? Oh, just a casual $11.56. 🤑
What’s more, Polkadot has formed a little inverse head and shoulders pattern—subtle, yet undeniably charming. And its top oscillators, like the Relative Strength Index and MACD indicators, have pointed upwards, like a compass pointing to the land of profits. ✨
So what’s next for our dear DOT? Well, assuming the bulls stay on track, we may just see it continue its upward trajectory. The next resistance level? A lofty $11.5—126% higher than where we stand today. However, should the price dip below that solid $3.60 support, well, we’ll just have to cancel the celebration, won’t we? 🎉
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2025-05-10 18:22