DOT: Nears Completion of Inverse Head & Shoulders Pattern
2024-10-07

Polkadot (DOT) Nears Completion of Inverse Head & Shoulders Pattern
 
Polkadot (DOT) is on the verge of completing an Inverse Head & Shoulders pattern near a key support zone, increasing the likelihood of a potential short-term trend reversal. While the pattern is not yet confirmed, a price move above $4.27 could significantly boost bullish momentum.

The pattern has been developing over the past week, and considering the time frame on the chart, it appears to be nearing completion. The first resistance zone is expected around $4.40, followed by $4.55, and then $4.75.

 You may find more details in the chart!
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