Crypto analyst Ali Martinez has shared data suggesting a potential uptrend for Polkadot (DOT). It has formed a bull pennant pattern on its monthly chart, signaling a possible major upsurge. The current correction phase is expected to end, with DOT showing strength for the next price rise. Martinez believes a breakout could push Polkadot to a high of $17, representing a 169% increase. However, DOT has underperformed other crypto assets and its price is currently trading at $6.30. The formation of the bull pennant pattern may be fueled by recent technical upgrades introduced by Polkadot, including the Polkadot 2.0 initiative.



Other News from Today