⚓️ A remarkable formation is developing in #Polkadot (DOT). If the blue line tracking works successfully, a 8x profit potential may be possible:

Current price 3.24 $ has decreased by 4–6% in the last 24 hours; weekly performance is 18 %

✍️ Technical structure: RSI on 14-day charts is 48 (neutral), oscillators like Stochastic and CCI are giving 'buy' signals; MACD is slightly in the negative zone, and the breakout of the formation could accelerate the rise.

✍️ MAs: Short-term 10–20 period MAs are providing support just below the price, and closures above the 50–200 day MAs are critical for the permanence of the formation.

✍️ With the success of this formation, the first support zone is 3.20‑3.30 $, followed by strong resistance which can be confirmed if it is crossed above 4.00 $ . However, closures below 3.00 $ may invalidate the formation.

‼️ This is not investment advice.

#DOT #Polkadot #Altcoin