Polkadot price has decreased to a major level: Can 225 % rise? star-news.press/wp

The price of Polkadot was shattered to the level of decisive support, pointing to a possible recovery – perhaps to the highest point in 2024.

The price of Polkadot (Dot) has decreased to $ 3.50, which is the main support level that failed to collapse less than three times since November 2023.

The recovery of point prices indicates a recovery

The three -day graph shows that Bolkadot has decreased to $ 3.50, a decrease of 70 % from December 2023. This level previously was a launch platform in October 2023, when the price recovered by 230 % to $ 11.85. A similar pattern occurred in November 2023, with a recovery of 220 % to $ 11.63. Recently, DOT fell for this support and returned to $ 5.33.

So Polkadot has formed a three -bottle pattern, with the neckline at $ 11.85. The triple bottom is one of the most reflection patterns in technical analysis.

Based on modern price actions, DOT also formed a smaller dual bottom with a neck line at $ 5.30. This indicates a possible recovery, which is likely to re -test the highest level in November 11.85 dollars, or about 225 % higher than the current levels.

However, the decisive decrease without supporting $ 3.50 would nullify the upscale thesis and can open the door to more negative, and perhaps less than $ 3.00.

Paulist incentives for Polkadot

Polkadot Price contains three major potential stimuli that can nourish a three -numbers gathering.

First, it is expected that the last stage of the upgrade of Polkadot 2.0 in the coming weeks or months. Flexible scaling, which allows single umbrellas to use multiple cores, is already a kusama.

This depends on previous upgrades, including Agile Coretime (which replaced umbrellas) and unequal support (which reduced the time of the mass to six seconds). Together, these improvements are designed to make Polkadot faster and more suitable for developers. Recently, the FIFA competitors, a famous game, have been launched on the network.

Second, the price of Polkadot may benefit from its exciting reward, which is one of the highest rates in this industry. Stakingrewards Data It shows that the distinctive points of the point produces 11.8 %, higher than Ethereum’s (ETH) 3 % and Solana’s (SOL) 7 %.

Finally, you can see an additional bullous Dot if Polkadot ETF fulfills approval from the Securities and Stock Exchange Committee later this year.