Polkadot (DOT) broke out from a descending trendline on Monday, marking a 1.5% increase to $6.42 on Tuesday.
Polkadot price breaks out of the descending trendline on Monday and trades 1.5% higher at $6.42 on Tuesday. Sideline buyers looking for opportunities can accumulate DOT between $5.41 and $5.72. A daily candlestick close below $5.41 would invalidate the bullish thesis. Polkadot broke out from a descending trendline on Monday, marking a 1.5% increase to $6.42 on Tuesday. Potential buyers on the sidelines eyeing opportunities can consider accumulating DOT between $5.41 and $5.
86, drawn from a swing high in late May to a swing low in late June. The Relative Strength Index on the daily chart is above the neutral value of 50. However, the Awesome Oscillator indicator is still below the neutral zero level. If bulls are indeed making a comeback, then both momentum indicators must maintain their positions above their respective neutrality levels. This development would provide additional momentum to the ongoing recovery rally. If DOT closes above $6.
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