The post DOT Price Breakthrough Signals 40% Hike Potential! appeared first on Coinpedia Fintech News
Ranking amongst the top gainers in the top 100 altcoins, the DOT price recovers sharply with the market-wide sentiments on the rise. The Bitcoin Spot ETF approval brings the long-awaited bullish tide, resulting in the Polkadot price rechallenging the $8.35 resistance.
With the buyers ready to hoard more of altcoins at a time like this signals a strong bull run possibility in 2024. Therefore, with the improving sentiments and the growing market, the Polkadot price prediction signals a further recovery.
Source – Tradingview
In the weekly chart, the DOT price shows a remarkable trend reversal with a falling channel breakout. The breakout rally unleashes the trapped bullish momentum and results in a jump to $8.35 ceiling from the low of $3.56.
However, the short-term consolidation eventually leads to a brief pause and an evening star pattern. Nevertheless the. Support from the 50-
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