Analysts have identified a bullish Pennant pattern on Polkadot's chart, forecasting a significant price jump.
Bullish Pattern of Polkadot
Polkadot has formed a bullish pattern on its 4-hour chart, indicating potential upward continuation. Analysts predict a 57.49% price increase, potentially boosting DOT from its current $9.15 to test the $15 mark, both a psychological and technical milestone. According to the latest data, DOT opened at $8.728 and reached $9.150, marking a 4.82% gain.
Rising Optimism Among Investors
The breakout zone remains critical, particularly between $9.50 and $10, where traders anticipate resistance. A strong move above this range could confirm analyst projections, triggering upward price momentum. The support around $8.50 holds firm, signaling investor confidence.
Key Levels and Breakout Confirmation
Traders are closely monitoring price and volume signals for confirmation. The projected 57.49% surge suggests substantial gains if current resistance is breached. For traders, the $9.50-$10 range is critical. Successful breakout could accelerate momentum toward the $15 target.
Polkadot's current price and technical setup position it as one of the promising altcoins in the near term. Traders are optimistic about reaching the $15 level upon breakout confirmation.
