Polkadot

Technical patterns for Polkadot (DOT) and <a href="https://cryptotale.org/avax-and-ada-on-the-verge-of-breakouts-from-key-patterns/" rel="noopener noreferrer nofollow">Avalanche</a> (AVAX) point to likely positive reversals. According to a recent study by Captain Faibik, both tokens are moving in declining wedge forms—usually interpreted as signals of decreasing momentum. Traders are drawn to these trends since they suggest possible near future breakouts.At <a href="https://www.coingecko.com/en/coins/avalanche" rel="noopener noreferrer nofollow">$23.72</a> during this press, AVAX is progressively nearing the top of its wedge, where a breakout might result in major gains. Likewise, DOT, at $4.30, seems to have found support close to the $3.75 range and might rebound from its lowest trendline.<h2 id="header-0">AVAX Maintains Falling Wedge Formation</h2>AVAX is still moving within its declining wedge pattern, according to Captain Faibik. Usually interpreted as a positive reversal signal, this formation is distinguished by two downward-sloping trendlines that function as both support and opposition. Faibik&#39;s study shows that AVAX stays in this pattern, suggesting a possible breakout just ahead.Notably, Avalanche&#39;s price shows a 9.52% increase in the past seven days and a 0.50% increase over the past 24 hours. There seem to be indications that the downward momentum could be fading as the price approaches the apex of the wedge. Seeing the convergence of the two trendlines as a turning point, Faibik&#39;s projection indicates that if AVAX breaks out, it could see an upside of 183%, bringing the price quite near to $75.Related: <a href="https://cryptotale.org/grayscale-avalanche-trust-triggers-avaxs-30-weekly-surge/" rel="noopener noreferrer nofollow">https://cryptotale.org/grayscale-avalanche-trust-triggers-avaxs-30-weekly-surge/</a><a href="https://cryptotale.org/avax-dot-show-positive-signs-as-patterns-point-to-reversals/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

AVAX, DOT Show Positive Signs as Patterns Point to Reversals

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