Polkadot's price is potentially preparing for a major bullish breakout as a falling wedge pattern nears completion. Despite weak fundamentals, crypto analysts are optimistic about Polkadot, estimating that the coin could jump to $9-10, more than doubling its current value. The connection of the network to other chains through Hyperbridge is seen as a potential catalyst for price growth. Open interest in the futures market has also been increasing. However, Polkadot faces challenges in gaining traction among developers and its ecosystem growth has been relatively weak. The daily chart shows that the coin has been in a tight range but has formed a falling wedge pattern, indicating a potential bullish breakout. If this occurs, the price may reach $7.77, a 76.50% increase from the current level.



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