фото показано с : zycrypto.com

Polkadot (DOT) has shown significant efforts to leave a descending channel that connects lower and lower highs.

This, coupled with bullish divergence, shows that the twentieth-largest cryptocurrency based on market cap might be gearing up for a surge towards the psychological price of $5.5 and above.

Since Polkadot is holding the $4 zone, this cements its quest to leave the descending channel since buyers continuously buy at this strong support level.

Polkadot is also trading above the 50-day moving average (MA), which is bullish.

Per CoinGecko’s data, DOT was up by 8.5% in the past two weeks to hit $4.12 at the time of writing.

Polkadot might be experiencing the calm before the storm as the altcoin seeks to exit its accumulation phase, which has taken a year.

Market analyst under the psydounym Lucky acknowledged, “DOT is approaching the end of its yearly accumulation phase and is poised to break out of a long-awaited descending triangle pattern. We’ve witnessed significant movements in large caps over the past few weeks. It’s only a matter of time before $DOT takes off.”

Based on this analysis, DOT might be building bullish momentum that will take it to highs of $12.

Meanwhile, Polkadot is eyeing a new era of enhanced scalability and efficiency thanks to its Agile Coretime upgrades, part of the ongoing Polkadot 2.0 upgrade.

Polkadot 2.0 will shift the network from a chain-based ecosystem to an application-based ecosystem, with the coretime marketplace anticipated to lower developers’ entry barriers.

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