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Polkadot Analysis – Price shape reverse pattern. When will growth be confirmed?

by Margharet Tess
April 5, 2025
in Analysis
Reading Time: 3 mins read

Polkadot, like many other highcaps, managed to end the declining flag, and the latter period is heading more sideway. This structure can be long-term reverse zone, but has not been confirmed yet. In the short term, however, the price continues its upward trend, encountering resistance point of control.

In the picture below we see potential 123 bottom formation pattern, which will be valid only when the price exceeds point 2 on the surface $ 33.00. At that moment, the growing trend will be confirmed. Meanwhile, the price continues in the sideway structure between resistance $ 33.00 a support $ 23.00. It will come as no surprise that the next short-term maximum will be declining.

Polkadot forms a reverse patternSource: TradingView

Polkadot continues sideway

Of course, no one knows how long the price will take to get above the $ 33.00 level. For that sideway structure may continue for a long time. It also depends on the overall in the cryptocurrency market. It is essential that the price maintains the mentioned support. However, if fails to do so, we will look for additional support in the area around $ 20.50.

In the short term, point of control can cause a short-term peak in the market price at the time of writing. However, in terms of monitoring trends, this movement is insignificant, so we will monitor it first and foremost validation potential reverse pattern 123 bottom.

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Margharet Tess
Margharet Tess
Editor, Developer at Cryptheory Labs
I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com
Margharet Tess
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