Polkadot might rise to $40 as soon as it hits this trend line

Polkadot might rise to $40 as soon as it hits this trend line

Polkadot has had a few key breakouts last week, up 40% since March 24. The digital asset is heading towards its all-time high with just one key resistance level ahead.

On the daily chart, Polkadot has formed a descending parallel channel with the upper bound around DOT price at $37.5. Polkadot analysis is on the verge of breaking this point after forming a new daily uptrend

  • Polkadot price is inside a descending parallel channel on the daily chart.
  • DOT is facing a critical resistance level before a potential 20% breakout.
  • The DOT is only 10% off its all-time high of $42.2 while the entire market is turning green.

    Visits: 40