Chart Analysis of a Project Launched in May 2020
POLKADOT
DOT is sitting on the edge of its descending wedge support, an area known for its breakouts when held.
- The price is hovering just above 3.58, the key support pivot.
- The structure is forming upper wicks, suggesting growing demand.
- A rise above 3.82 could trigger bullish momentum towards the (4.6 | 5.3) area.
- A break below 3.58 would invalidate the wedge and expose the bearish trend to continued pressure.
Tight tension at the support level: a decision-making move is imminent.
By Sikanibaima - For an enlightened, free people who control their tools
#RiseWithVision
