Is Polkadot eyeing $100 next? DOT price jumps 25%, triggering classic bullish chart pattern By Cointelegraph

Nov 2, 2021



Polkadot’s native DOT token appears poised to rally towards $100 within the coming periods because it triggers a basic bullish reversal setup.

Dubbed “inverse head and shoulders” (IH&S), the technical construction seems when an instrument varieties three troughs in a row, with the center one — referred to as the pinnacle — being the bottom and the opposite two — generally known as the fitting and left shoulders — of virtually equal heights.

DOT/USDT day by day value chart that includes IH&S sample. Supply: TradingView
KSM provide devoted to its first 5 crowdloans as of Aug. 6. Supply: Subscan, Messari
KSM/USDT day by day value chart. Supply: TradingView