Polkadot (DOT), one of the well -established Altcoin projects, may gain momentum for a strong rise movement. In the last week, DOT tended to rise with an increase of 12.13 %. During the spelling, Altcoin was traded for $ 5,13 and experienced little losses in the last 24 hours. However, according to analyzes, this humiliating decrease may be part of a larger rally. Because the general ascension structure is still intact.

A small decline is expected before the large rally in the price of altcoin

Currently, Polkadot is traded in a prone to rise formation known as the Ascending Triangle. This model is based on a horizontal resistance line and the rising support line.

This formation usually leads to a strong rise with the price of the price ($ 5,293). However, according to the current market structure, DOT may have a short -term decrease in the support level of $ 5,085 before the next few days.

This decrease is part of the momentum collection phase required for the price to make a strong output. When this process is completed, DOT is expected to reach $ 6.47 with an increase of 27.14 %.

The process of accumulation in the Altcoin market continues

The Bull Bear Power (BBP) indicator indicates whether the buyers or sellers are dominant in the market. It is now seen that buyers hold control.

The graph shows that the rise is dominant in green and above the zero line. The BBP indicator is currently at the level of 0.010, which indicates that the recipient in the market continues.

In addition, when the metropy of accumulation/distribution (A/D) is examined, it is seen that it remains constant at 54.83 million. The positive A/D metropy shows that investors continue to make purchases at low prices.

When the accumulation process is completed, the price is expected to move upward.

Futures Trade Traders open a long position

In the futures market, investors began to turn to long positions. Funding RATE (Funding Rate) and Open Position Weighted Funding Rate (OI-Weight Funding Rate) has moved to the positive area.

Currently, the funding rate is 0.00 %, that is, buyers pay additional premiums to maintain their positions. This shows the trust of investors in the rise of DOT.

Similarly, OI-Weight Funding Rate has increased to 0.0021 %. The fact that this metrical is positive shows that buyers are dominant in the market and that the price movement will probably continue upward.

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