Polkadot

Polkadot (DOT) has been slowly but steadily climbing the price appreciation ladder. Over the last two weeks, DOT has appreciated by 14.3%. Interestingly, in the previous week alone, it rose by 11.03%. Other technical analysis tools support this, suggesting that this cryptocurrency may soon experience an even larger rally.Analyst&#39;s Bullish TargetsOn Thursday, crypto analyst Daniel Ramsey shared his thoughts about DOT&#39;s current situation. Ramsey noted that DOT has been moving in a falling wedge pattern and is now attempting to bounce off the important support level. He believes that this price action indicates that DOT has found a local bottom and has established intermediate and long-term targets of $13.95, $26.60, and $47.80.In technical analysis, a falling wedge pattern is a bullish formation that is formed when the price action is contracting in a bearish trend and the price breaks out. <a href="https://cryptotale.org/avax-dot-show-positive-signs-as-patterns-point-to-reversals/" rel="noopener noreferrer nofollow">DOT</a> has recently escaped this pattern, which means that the upward movement may continue, and experts believe that the next significant price level for DOT may be above $11. This level would also support the bullish trend if it is reached.Hammer Candlestick SignalAnother bullish signal that appeared was the formation of a hammer candlestick pattern on the daily DOT chart after the decline. This pattern indicates that buyers are gradually beginning to take charge, contrary to what we have witnessed over the past few days. The tendency to develop the pattern and the <a href="https://cryptotale.org/polkadot-and-fetch-ai-signal-potential-breakouts-analysis/" rel="noopener noreferrer nofollow">breakout</a> from the falling wedge will also affect further evolution in the same direction.<a href="https://cryptotale.org/polkadot-dot-targets-13-95-amid-bullish-breakout-signals/" 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>|

Polkadot (DOT) Targets $13.95 Amid Bullish Breakout Signals

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