Polkadot (DOT) Gearing Up For ‘Massive Breakout’, Will It Skyrocket To $20?

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Polkadot (DOT) Gearing Up For ‘Massive Breakout’, Will It Skyrocket To $20? - NewsBTC

Quick Summary:

Related Reading: Crypto Prices Go Up: A Cautious Bullish’ Outlook Amid Fed Worries And Market Volatility Polkadot Breaks Out Of Falling Wedge Pattern Polkadot has registered a 10.9% increase in the last week following the market’s performance.DOT jumped from the $4.32 support zone to the $4.53 mark before retracing, registering a 4.8% daily surge in the early hours of Tuesday.

The trader questioned DOT’s 24-hour trend, stating, "BTC stops pumping, DOT rises a few percent, while most things don’t rise, as soon as it gets going, the entire market falls and DOT immediately loses everything it had previously gained.” As of this writing, DOT is trading at $4.42, a 2.2% increase in the daily timeframe.

Market analyst CryptoBull360 stated that Polkadot is "getting ready for a massive breakout” from the bullish pattern after a long consolidation period.