bullish

Polkadot

Klaytn

Daily

Coin

<ul class="wp-block-list news-points"> 
 <li>DOT forms a bullish falling wedge pattern.</li> 
 <li>Breakout could ignite a significant rally.</li> 
 <li>KLAY also shows a bullish breakout potential.</li> 
</ul> 
Polkadot (DOT), the interoperable blockchain platform, is currently showing a bullish technical pattern known as the <a href="https://x.com/CryptoFaibik/status/1825799560750318026" target="_blank" rel="nofollow">falling wedge</a> on the daily time frame chart. This pattern often suggests a potential price reversal from a downtrend. 
The falling wedge is formed by two converging trendlines, with the upper trendline sloping downwards more steeply than the lower one. If DOT successfully breaks out of the upper trendline, it could signal strong bullish momentum, pointing to a potential upward move. 
At present, Polkadot <a href="https://coinedition.com/polkadot-dot-price-prediction/">appears</a> to have found support at the lower trendline of the wedge, hinting at a possible bottom formation. A breakout above the upper trendline could ignite a significant rally, potentially leading to substantial gains for DOT holders. 
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 <a href="https://twitter.com/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$DOT</a> Consolidating in Falling Wedge Pattern on the Daily timeframe Chart..!! Seems like bottomed out &amp; Ready to Bounce Back..<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Polkadot?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Polkadot</a> <a href="https://twitter.com/hashtag/DOT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#DOT</a> <a href="https://t.co/ME4yAXeKSd" target="_blank" rel="nofollow">pic.twitter.com/ME4yAXeKSd</a>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1825799560750318026?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 20, 2024</a>
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</figure> 
However, it is important to remember that technical a…
The post <a href="https://coinedition.com/polkadot-price-hints-at-reversal-klaytn-surges/">Polkadot Price Hints at Reversal, Klaytn Surges</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Polkadot Price Hints at Reversal, Klaytn Surges

Coin Edition

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