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$40 Target for DOT: The Technical Formation That’s Driving Market Optimism
A recent Polkadot (DOT) breakout from a falling wedge pattern has triggered optimism in the cryptocurrency market. This bullish setup could propel DOT to reach its midterm target of $40, with critical resistance at $10 and $20.
The retest of the breakout point has confirmed support, increasing the likelihood of sustained upward momentum. The focus now shifts to monitoring volume and momentum indicators to gauge the strength of buyer interest among traders.
As the cryptocurrency market continues to attract institutional and retail investors once again, DOT’s falling wedge breakout suggests a potential midterm rally is underway.
Source: cryptonewsland.com
