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Polkadot (DOT) Prints Classic Bullish Falling Wedge – Big Breakout Imminent

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Polkadot (DOT) Prints Classic Bullish Falling Wedge – Big Breakout Imminent - NewsBTC

Quick Summary:

Related Reading: Polkadot (DOT) Nears Critical Zone: A Reversal Could Trigger 180% Surge Adding to the optimistic trend, the 4-hour Moving Average Convergence Divergence (MACD) has shown a bullish crossover, where the MACD line crosses above the signal line.

Combined, the RSI’s recovery and the MACD’s bullish signal suggest that DOT’s momentum is shifting favorably, setting the stage for a potential breakout continuation if price action remains strong.

In an update on X, crypto analyst Jascrypto pointed out that Polkadot (DOT) is currently forming a textbook bullish falling wedge pattern on the daily chart.

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Polkadot (DOT) Prints Classic Bullish Falling Wedge – Big Breakout Imminent - NewsBTC (Picture 1)

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 20:30:45 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 75 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28479329

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 4 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +8:00

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Publisher ID: #102

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