Polkadot Price Soars 15% In One Day — Here’s Why $7.5 Might Be The Next Target

Quick Summary:

The rationale behind this bullish projection is the formation of a bull flag pattern on the four-hour timeframe of the Polkadot price chart.

The bull flag is a technical analysis pattern marked by a period of steep upward movement (the flagpole) typically followed by slight sideways price action.

However, the Polkadot price broke out of the consolidation period early, forging a bull flag out of what initially seemed like a pennant pattern.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: United KingdomOman

Topics: Ali Martinez Polkadot DOTUSDT DOT Polkadot Polkadot Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 11:30:32 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 406 words

Reading Time: 3 minutes read

Sentences: 66 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23631081

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About NewsBTC

Main Topics: Crypto

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