Flow

bullish

Polkadot

when

Divergence

<ul>
 <li>Polkadot shows a falling wedge, signaling a potential bullish breakout.&nbsp;&nbsp;</li>  
 <li>MFI divergence strengthens the case for Polkadot’s price reversal.&nbsp;&nbsp;</li>  
 <li>Combined indicators suggest a strong upward move for Polkadot soon.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/polkadot-gains-8-as-agile-coretime-launch-boosts-network-performance/" target="_blank" rel="noopener noreferrer nofollow">Polkadot (DOT)</a> is flashing signs of a potential breakout on its weekly chart. A large falling wedge has formed, a pattern that often signals a bullish reversal.&nbsp;</p>  
<p>Alongside this, there’s a bullish divergence showing up on the Money Flow Index (MFI). These two indicators together suggest that Polkadot could soon see a strong upward move soon.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/CryptoBullet1/status/1837076131184291961
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</figure>  
<h2 class="wp-block-heading" id="h-falling-wedge-indicates-possible-breakout">Falling Wedge Indicates Possible Breakout</h2>  
<p>A <a href="https://cryptonewsland.com/mastering-cryptos-hidden-signals-5-chart-patterns-that-could-skyrocket-your-profits/" target="_blank" rel="noopener noreferrer nofollow">falling wedge pattern</a> happens when a chart shows lower highs and lower lows, but the price action starts to tighten. On Polkadot’s weekly chart, this is exactly what's happening.&nbsp;</p>  
<p>This pattern usually points to a decrease in selling pressure and hints at an upcoming bullish breakout. Traders often watch for falling wedges, especially on longer timeframes, as they can signal a major price reversal.</p>  
<p>In Polkadot’s case, the falling wedge isn't the only bullish sign. There’s also a bullish divergence on the <a href="https://www.investopedia.com/terms/m/mfi.asp" target="_blank" rel="noopener noreferrer nofollow">Money Flow Index</a>, a tool that tracks both price action and trading volume. When the price falls but the MFI rises, it shows selling pressure is fading while buying interest grows.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-mfi-divergence-adds-to-bullish-outlook">MFI Divergence Adds to Bullish Outlook</h2>  
<p>The bullish divergence on Polkadot’s MFI strengthens the case for a breakout. This divergence occurs when the price continues to fall, but the MFI starts to climb.&nbsp;</p>  
<p>It suggests that despite the price decline, buying activity is building. When this occurs alongside a falling wedge pattern, it becomes a strong signal that a price rebound might be near.</p>  
<p>These combined indicators suggest that <a href="https://coinmarketcap.com/currencies/polkadot-new/" target="_blank" rel="noopener noreferrer nofollow">DOT</a> could see a significant rally soon. As more traders notice this setup, buying activity may increase, pushing the price higher.&nbsp;</p>  
<p>Polkadot’s weekly chart shows clear signs of a potential breakout. The falling wedge pattern and MFI divergence both point to a bullish reversal.</p> 
<p>The post <a href="https://cryptonewsland.com/polkadots-weekly-chart-signals-breakout/" rel="noopener noreferrer nofollow">Polkadot’s Weekly Chart Signals Breakout: Falling Wedge &amp; MFI Bull Divergence</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Polkadot’s Weekly Chart Signals Breakout: Falling Wedge & MFI Bull Divergence

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