Polkadot price forms a rare pattern, 76% jump possible
Polkadot price may be preparing for a major bullish breakout as a rare pattern that has been forming since August nears its completion.
Polkadot (DOT), a top layer-1 network, was trading at $4.30 on Friday, Nov. 8 after rising for four consecutive days. It has jumped by 18% from its lowest point this year month, meaning that it is approaching a bull market.
Crypto analysts are bullish on Polkadot despite of its weak fundamentals. One of the main themes has been a falling wedge pattern that has been forming since Aug. 1. In an X post, a crypto analyst known as Globe of Crypto, estimated that the coin could jump to between $9 and $10 when the break out happens. If this happens, it will see DOT token more than…
