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<ul class="news-points"> 
 <li><strong>Crypto Tony revealed in a tweet today that a descending triangle has formed on DOT’s charts.</strong></li> 
 <li><strong>The trader predicted that DOT’s price breaking below this pattern could be a good short opportunity.</strong></li> 
 <li><strong>Meanwhile, DOT was changing hands at $4.26 after a 24-hour loss of 0.52%.</strong></li> 
</ul> 
<p>The cryptocurrency trader and analyst Crypto Tony tweeted today that a clear descending triangle pattern has formed on <a href="https://coinedition.com/tag/polkadot-dot/" rel="noopener noreferrer nofollow">Polkadot’s (DOT)</a> trading charts. Consequently, the trader predicted that a break below the base of the pattern may be a good short opportunity.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOT</a> / <a href="https://twitter.com/search?q=%24USD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USD</a> – Update <br><br>Probably the most clear descending triangle pattern we have here legends. Break below we short, or bounce up. we long up to the trend line <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4af.png" alt="💯" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/hVqh1kueNQ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/hVqh1kueNQ</a></p>— Crypto Tony (@CryptoTony__) <a href="https://twitter.com/CryptoTony__/status/1700430843528049129?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 9, 2023</a> 
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<p>On the other hand, the trader stated that a bounce from the base of the chart pattern could signal a long opportunity. In this scenario, he speculated that <a href="https://coinedition.com/polkadot-dot-price-prediction/" rel="noopener noreferrer nofollow">DOT’s price</a> may climb to as high as the negative trend line.</p> 
<figure class="wp-block-image"> 
 <img decoding="async" src="https://lh5.googleusercontent.com/zNJdoNZ7ZTn6F9x0KGCovQovG-74rvTrz0r2X0qupPOr_0WPMXAF7tLj9M3VGmaLtwuz7YltoEJHae8QNT-NQ2vrM3YNEUH_DAFV70R_o4CXuxLajBSk4sDwaup8HwT-jzlJ1gus1sEKf5ODSEacaKE" alt=""> 
 <figcaption class="wp-element-caption">
   Daily chart for DOT/USDT (Source: <a href="https://www.tradingview.com/x/0FLMB3Sn/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>) 
 </figcaption> 
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<p>From a technical perspective, DOT’s price had been in a consolidation phase between $4.160 and $4.345 for the past week, and r…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/dots-price-may-continue-its-decline-as-bearish-pattern-emerges/">DOT’s Price May Continue Its Decline as Bearish Pattern Emerges</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

DOT’s Price May Continue Its Decline as Bearish Pattern Emerges

Coin Edition

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