Satoshi

Kaspa

Polkadot

Captain

Reversal

<p>Captain Faibik has presented an analysis that suggests <a href="https://captainaltcoin.com/polkadot-dot-primed-for-breakout-60-staking-rate-squeezes-supply-as-analysts-eye-20-target/" target="_blank" rel="noopener noreferrer nofollow">Polkadot (DOT)</a> is about to experience a price increase—ready to fly. The analysis suggests a possible target of $12. The target is about twice the current price of $6.33.</p>
<h2 class="wp-block-heading" id="descending-wedge-pattern-signals-bullish-reversal">Descending Wedge Pattern Signals Bullish Reversal</h2>
<p>Captain Faibik’s analysis has identified a descending wedge pattern on the DOT/USDT chart. This pattern is usually considered bullish.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOT</a> <a href="https://twitter.com/hashtag/Polkadot?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Polkadot</a> Seems like bottomed out &amp; Ready to Fly..<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f51c.png" alt="🔜" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/UIQkfTrj2p" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/UIQkfTrj2p</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1807977946885640249?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 2, 2024</a>
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<p>The upper trendline connects a series of lower highs, while the lower trendline connects a series of lower lows. As these lines converge, they form a wedge shape that often signals an impending reversal of a downtrend.</p>
<p>A recent breakout above the upper trendline of the falling wedge is highlighted by Captain Faibik’s study. This breakout validates the wedge pattern’s bullish reversal, making it a crucial technical event.</p>
<p>This breakout has major implications since it confirms the preceding downtrend’s reversal and suggests that there may be a substantial spike in price.</p>
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<h2 class="wp-block-heading" id="target-projection-dot-aiming-for-12">Target Projection: DOT Aiming for $12</h2>
<p>The most striking aspect of Captain Faibik’s analysis is the projected price target for DOT. Using standard technical analysis methods, the analyst has identified a target area of around $12.</p>
<p>This target is calculated by measuring the height of the wedge at its widest point and projecting this height from the breakout point. The resulting price level of $12 represents a potential upside from DOT’s current price levels.</p>
<p><strong><em>Read more: <a href="https://captainaltcoin.com/youtuber-makes-urgent-kaspa-price-prediction-whens-the-best-time-to-sell-kas/" target="_blank" rel="noopener noreferrer nofollow">YouTuber Makes Urgent Kaspa Price Prediction – When’s the Best Time to Sell KAS?</a></em></strong></p>
<p>The technical analysis by Captain Faibik makes a strong argument for a bullish prediction for Polkadot’s DOT. A confirming breakout and the clear identification of a descending wedge pattern offer a solid technical basis for the anticipated rise to $12.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/polkadots-dot-price-ready-to-fly-to-12-heres-how/" rel="noopener noreferrer nofollow">Polkadot’s DOT Price ‘Ready to Fly’ to $12 – Here’s How</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polkadot’s DOT Price ‘Ready to Fly’ to $12 – Here’s How

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