The Polkadot price has experienced a significant crash but there are indications that it may bounce back soon. One reason is that it has strong technicals, particularly on the weekly chart, with a quadruple bottom pattern forming. The accumulation and distribution indicator also suggests an accumulation phase, which may lead to a markup phase in the coming weeks. If the coin rises above the key resistance at $11.65, it could jump to $30, a 500% increase from its current level. Other catalysts for the Polkadot price include the potential approval of a spot DOT ETF by the SEC, its energy efficiency, and a comprehensive upgrade as part of the Polkadot 2.0 process.



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