The Polkadot (DOT) breakout is entering its final phase towards the green zone

The subject of this analysis is Polkadot (DOT), known for its approach to connecting different blockchains. We examine the price prediction for DOT for the coming period with insights from our premium environment.

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New Entry Opportunities for Polka Dot (DOT)

DOT recently broke out of a so-called uptrend widening wedge Cartridge. This creates new opportunities, the analysts at Crypto Insiders recently reported in the premium environment:

“We see an interesting pattern for DOT known as the WXY Elliott Wave pattern. The price is now in the phase of forming an ABC pattern to complete the larger pattern.

Right now we are seeing an upward move that we call B-wave and we expect it to take the price near $7.50. But after this short rise, we are preparing for a significant decline in the form of a C wave. This means that the price is likely to fall into the range between $4.63 and $5.85.

Consider this upcoming drop as another opportunity to buy DOT in person, as we expect the price to rise significantly afterward. We are monitoring the situation closely and will continue to share our findings so our members can make informed decisions.”

Date of analysis: February 9th. Link to trading view:

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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These therefore serve exclusively educational purposes

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