Captain Faibik has presented an analysis that suggests Polkadot (DOT) is about to experience a price increase—ready to fly. The analysis suggests a possible target of $12. The target is about twice the current price of $6.33.
What you'll learn 👉
Descending Wedge Pattern Signals Bullish Reversal
Captain Faibik’s analysis has identified a descending wedge pattern on the DOT/USDT chart. This pattern is usually considered bullish.
The upper trendline connects a series of lower highs, while the lower trendline connects a series of lower lows. As these lines converge, they form a wedge shape that often signals an impending reversal of a downtrend.
A recent breakout above the upper trendline of the falling wedge is highlighted by Captain Faibik’s study. This breakout validates the wedge pattern’s bullish reversal, making it a crucial technical event.
This breakout has major implications since it confirms the preceding downtrend’s reversal and suggests that there may be a substantial spike in price.
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +Target Projection: DOT Aiming for $12
The most striking aspect of Captain Faibik’s analysis is the projected price target for DOT. Using standard technical analysis methods, the analyst has identified a target area of around $12.
This target is calculated by measuring the height of the wedge at its widest point and projecting this height from the breakout point. The resulting price level of $12 represents a potential upside from DOT’s current price levels.
Read more: YouTuber Makes Urgent Kaspa Price Prediction – When’s the Best Time to Sell KAS?
The technical analysis by Captain Faibik makes a strong argument for a bullish prediction for Polkadot’s DOT. A confirming breakout and the clear identification of a descending wedge pattern offer a solid technical basis for the anticipated rise to $12.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?
Get all our future calls by joining our FREE Telegram group.
Check $RECQ Meme Coin
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
