VeChain

Cardano

JasmyCoin

Polkadot

Read

<ul>
 <li>The crypto market eases into a steady recovery zone and altcoins show bullish potential.</li>
 <li>Amongst these altcoins are Polkadot (DOT) preparing to make a bullish breakout.</li>
 <li>Will DOT blast through this critical retest zone or will it decline again?</li>
</ul>
The crypto market steadily moves through the recovery phase as Bitcoin (BTC) maintains the above $58,000 price mark. As Bitcoin moves in an upward trajectory, many altcoins are also showing signs of highly bullish uptrends.
Some <a href="https://cryptonewsland.com/q3-altcoin-price-pump-is-inevitable/" rel="noopener noreferrer nofollow">altcoins have been showing bullish signs</a> for months while others are showing bullish signs due to recent project announcements. These altcoins include Cardano (ADA) JasmyCoin (JASMY) VeChain (VET), WadzPay (WTK), and many more.&nbsp;
One altcoin that’s buzzing today is <a href="https://polkadot.network/" rel="noopener noreferrer nofollow">Polkadot (DOT)</a>. According to TrdingView charts, the price of DOT is turning bullish. In precious bull cycles, DOT has been one of the standout performers, showing remarkable resilience during the recent market correction.&nbsp;
In the last few weeks, Polkadot (DOT) has been navigating a falling wedge pattern. Presently, DOT/USDT is aiming to retest the upper resistance of the pattern. If it were to break out of this formation, DOT could turn bullish.
In fact, according to some analysts, these are bullish signals indicating that a bullish breakout is quite promising. Furthermore, the analyst adds that a successful retest will reinforce and confirm this breakout for <a href="https://cryptonewsland.com/coinbase-plans-polkadot-etf-signaling-potential/" rel="noopener noreferrer nofollow">DOT price</a>.
Adding on, the <a href="https://web.telegram.org/a/#-1001349397698" rel="noopener noreferrer nofollow">analyst</a> says that if the price falls back into the wedge, then it is likely that Polkadot (DOT) will retest its support at $4.850. This level will be a key indicator of DOT’s strength, and a failure to hold here could signify a potential decline.
Finally, the analyst adds that should the macro market sentiment turn bearish with significant selling pressure, the price might revisit its liquidity-packed area and strong medium-term support between $4.0 and $3.7. More importantly, this zone is critical as it has historically provided substantial support.
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/chainlinks-bullish-retest-signals-21-target-ahead/" rel="noopener noreferrer nofollow">Chainlink’s Bullish Retest Signals $21 Target Ahead!</a></li>
 <li><a href="https://cryptonewsland.com/vechain-bullish-support-levels-await-retest/" rel="noopener noreferrer nofollow">VeChain Price Chart Shows Signs for a Bullish Rebound as Support Levels Await a Proper Retest</a></li>
 <li><a href="https://cryptonewsland.com/polkadots-2024-forecast-dot-set-to-soar-beyond-25/" rel="noopener noreferrer nofollow">Polkadot’s 2024 Forecast: DOT Set to Soar Beyond $25</a></li>
 <li><a href="https://cryptonewsland.com/altcoin-market-in-retest-phase-experts-predict-bullish-outlook-ahead/" rel="noopener noreferrer nofollow">Altcoin Market in Retest Phase: Experts Predict Bullish Outlook Ahead</a></li>
 <li><a href="https://cryptonewsland.com/polkadot-predictions-2024-when-will-polkadot-dot-surge-past-80/" rel="noopener noreferrer nofollow">Polkadot Predictions 2024: When Will Polkadot (DOT) Surge Past $80?</a></li>
</ul>
The post <a href="https://cryptonewsland.com/polkadot-dot-bullish-altcoin-breakout/" rel="noopener noreferrer nofollow">Polkadot (DOT) Shows Bullish Signals as the Altcoin Prepares for a Possible Bullish Breakout</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Polkadot (DOT) Shows Bullish Signals as the Altcoin Prepares for a Possible Bullish Breakout

Crypto News Land

2024년 7월 10일에 게재된 다른 기사

BTC Price Volatility: Bitcoin Price Hovers Near $56K as US Stocks Record Fresh All-Time Highs

Uniswap Labs Challenges the SEC Over DeFi Regulation

Circle Launches Euro-Backed EURC Stablecoin on Base

Flipster Launches Trading Competitions with 150,000 USDT worth of prizes to Celebrate 1st Anniver...

LayerZero and Initia developing interoperability standard for Cosmos

XRP Lacks Key Elements Like ‘Customer Demand’ for ETF Approval; Solana Meets All Criteria

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!