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Polkadot (DOT) has confirmed a major trendline breakout on the 4-hour timeframe chart. This technical development has sparked discussions about the potential for a substantial price surge in the coming weeks. Captain Faibik’s Bullish DOT Prediction In a recent tweet, prominent crypto analyst Captain Faibik highlighted the importance of the trendline breakout and subsequent retest on Polkadot ’s 4-hour chart. The analyst expressed a strong belief that this technical formation could lead to a 35% bullish rally in the short term. $DOT Major Trendline Breakout/Retest has already confirmed on the 4h timeframe Chart. Expecting +35% Bullish Rally in the Short term..#Crypto #DOT #Polkadot pic.twitter.com/58duAN2JV4 — Captain Faibik (@CryptoFaibik) May 17, 2024 Also read: Shiba Inu: Robinhood Moves 3 Trillion SHIB As Price Surges The confirmation of the trendline breakout is a positive sign for DOT , as it suggests that the cryptocurrency may be on th...

As the weekend approaches, investors and enthusiasts are eagerly watching to see if Polka DOT ( DOT ) can breach the $10 mark and what the future holds for this promising project. Polkadot’s primary goal is to provide a foundation for a decentralized internet of blockchains, also known as Web3. By connecting and securing a network of specialized blockchains, Polkadot enables interoperability among different networks, allowing for the seamless transfer of not just tokens, but any data or asset types. Also read: Can Solana (SOL) Hit $250 In April? Changelly Analysts Forecast Steady Growth for Polkadot Source: cryptoslate Changelly analysts, who have been closely monitoring Polkadot’s price fluctuations since early 2023, predict that the average DOT rate will reach $9.85 this weekend. This prediction is based on a thorough analysis of market trends, historical data, and the overall sentiment surrounding the project. However, it is important to note that the...

Bitcoin trades in a predictable range, but will the sideways price action tempt altcoin traders to open new positions? A trending move in an asset class attracts traders, while a dull price action drives investors to the sidelines. Bitcoin (BTC) has largely been stuck in a range for the past several months, which could be one of the reasons for the drop in spot volumes. Bloomberg reported on Oct. 11 that Coinbase’s spot trading volume plunged 52% in Q3 2023 compared to Q3 2022. While the short-term remains uncertain, traders need to be watchful because long consolidations are generally followed by an explosive price action. The only problem is that it is difficult to predict the direction of breakout with certainty. Considering that the bulls have not allowed Bitcoin to dip back below $25,000 in the past few months, it increases the likelihood of an upside breakout. Daily cryptocurrency market performance. Source: Coin360 Investing legend Paul Tudor Jones said in a recent interview on...

Bitcoin and altcoins are struggling to hold the gains accrued earlier this week, a potential sign that the price breakout was just a response to Grayscale’s victory over the SEC. Bitcoin led the cryptocurrency markets higher on Aug. 29 following Grayscale’s victory in the lawsuit against the United States Securities and Exchange Commission. However, the rally could not be sustained, as analysts cautioned that the victory did not guarantee the approval of a spot Bitcoin (BTC) exchange-traded fund. Still, the victory may prove to be bullish for Grayscale. Glassnode analysts said in an X (formerly Twitter) post on Aug. 30 that the Grayscale Bitcoin Trust (GBTC) could return to a premium next year. It is important to note that GBTC has been trading at a discount to the spot Bitcoin price for the past two and a half years. Daily cryptocurrency market performance. Source: Coin360 In the short term, even though the S&P 500 Index is on a path of recovery and the U.S. Dollar Index has turn...