DOT Eyes 170% Breakout as Nasdaq Sets to List Grayscale PolkadotPolkadot (DOT) is on the verge of a massive breakout as institutional interest in altcoin-based exchange-traded funds (ETFs) gains momentum. With Nasdaq officially submitting a filing to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale Polkadot Trust (DOT), the stage is set for DOT to witness significant capital inflows, potentially driving a 170% rally.
Nasdaq Files to List Grayscale Polkadot ETF
The cryptocurrency investment landscape is undergoing a major shift as traditional financial institutions increasingly embrace digital assets. In a recent filing, Nasdaq submitted Form 19b-4 to the SEC, requesting approval to list and trade shares of the Grayscale Polkadot Trust. If approved, this move will provide investors with a regulated and institutional-grade avenue to gain exposure to DOT.
Grayscale Investments, the asset management firm behind the proposed ETF, has been aggressively expanding its crypto product offerings. Alongside the Polkadot ETF, the firm has filed for a spot Cardano ETF and an XRP Trust conversion. Other potential digital asset ETFs, including those tracking Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC), are also being considered.
This filing follows a broader trend of growing institutional interest in crypto ETFs. In late January, asset manager 21Shares also applied for a spot Polkadot ETF, signaling heightened confidence in DOT’s long-term potential. The SEC now has 45 days to review Nasdaq’s application, after which it can approve, deny, or extend the decision-making process.
Technical Indicators Signal a 170% DOT Breakout
As of the time of writing, Polkadot is trading at $4.40, up 1.4% on the day. The technical outlook for DOT presents a highly bullish scenario, with the asset forming a textbook falling wedge pattern—a historically reliable setup that has preceded major upward price movements.
A closer examination of DOT’s price action reveals striking similarities to its March 2024 trading pattern, where the token surged 170% following a breakout from a similar wedge formation. Historically, DOT has exhibited a strong tendency to rally after breaking out of falling wedge patterns, making this a key inflection point for traders.
Momentum indicators further reinforce the bullish outlook. DOT’s Relative Strength Index (RSI) currently sits at 37, indicating that the asset remains in oversold territory with significant upside potential. With buyer accumulation increasing and selling pressure waning, DOT appears poised to capitalize on this dip before an explosive breakout takes place.
DOT
PolkaDot DOT Needs To Crash More Hello, Skyrexians!
As you know, globally we are very bullish on BINANCE:DOTUSDT and our previous analysis on the weekly time frame is still valid, but locally it still has not reached the bottom. Current value of fear and greed index is extreme fear and it will not allow DOT to drop immediately, some bounce is anticipated, but after that bears can take control again.
Let's take a look at the daily chart. We can suggest you this Elliott waves counting, may be it's not 100% correct, but the only one thing we need to know. The drop, which we have seen on February 3 was the wave 3 according to minimum Awesome Oscillator value. While it has not crossed zero line price is in wave 4. Yesterday we had a chance to finish this night mare, but price is pumping again and it looks like it's going to reach $5.50 max and then continue printing wave 5 to the final target $1.9-$3.2. The key points for reversal is the appearing of green dot on Bullihs/Bearish Reversal Bar Indicator and divergence on AO.
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Polkadot - Macro VisionAs you can see, we have a macro range in construction.
The new Higher was very little low from the previously, but the good think its the Lower its higher from the recent one, so about this we have good and bad signs.
In that case, we need to wait for mor clarification, 1st that we need its a new Higher High on 4h tf, until that, we can retest demand zone like in 4 november, ant thats not good at all beacause will be to much pressure for the buyers , they acctually stressed a lot because a lot of them, didnt sell what they'v accumulated in the first Low from last year so, they are kind of desperate now for the liquidity and a new low can activate them to sell in loss , also because under 3.5 , there is a chance to visit 1.8 , and that means another -50% for their bags.
Offcourse, this is the bearish scenario.
The bullish one is that we have on daily a rejection from demand zone, this zone was bought very fast from buyers so , we need to see a recovery, a fast one to add optimism in market. Also , everyone , one month ago said that February its a bullish month , and this time looks different so, many of theese investors, now , are confused a lot. A bullish weekly close can activate them again , but until then, they will be very precaute.
My case: Im bullish bettwen 3.5 and actual price for accumulaton on SPOT.
On trading , i will not do nothing for now.
DOT - Time to buy again!The price has formed a Triangle on the 4h time frame, and if it breaks out, it can drive the price up to around $6 .
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Last Shakeout Has Happened For PolkaDot DOTHello, Skyrexians!
We have seen many negative reactions on our recent analysis on XRP where we pointed out that it it in the distribution zone. We don't understand the sense t hold such overbought asset. Even if growth continues the potential is very low. It's much better to take a look at assets which are still at the bottom, like $BINANCE:DOTUSDT.
On the weekly time frame we can see that DOT tested the support level again and formed the confirmed green dot on the Bullish/Bearish Reversal Bar Indicator . This is the strong signal for the corrective global wave 2 finish. The next target is 1.61 Fibonacci extension at $88 at least. The maximal target is much higher at 2.61.
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DOT Holding Strong – A Rally to $11 Incoming?DOT has been consolidating within a well-defined range between support zone Green a $3.499 - $3.852 and the resistance zone Blue at $10.203 - $11.090 for an extended period. Recently, the price rebounded from the lower boundary of this range, signaling potential upward momentum. If bullish strength persists, in the coming days, DOT is expected to move toward the upper resistance marked in Blue, provided the bullish momentum continues.
DOTUSD - Cup and handle filled with green candles tea ?Very simple trade idea ?
my average is around 4.5 and will leave next month probably
for now at very good support (0.236 fib + previous high)
can go more down to test that black trendline for example but at the end the target is 6.5 in a few days/weeks
stop loss depends if btc goes under 95.8
cheers
Be careful with DOT !!!The price has formed a bullish wedge on the 1h time frame, and if it breaks out, it can drive the price up to around $5.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Will Dot break the barrier of the inheritance channel?Hello everyone, let's look at the 1D Dot chart to USDT, in this situation we can see how the price moves in a local strong tendu inheritance channel.
However, let's start by defining goals for the near future the price must face:
T1 = = $ 5.31
T2 = = $ 6.14
Т3 = 6.70 $.
T4 = $ 7.63
Let's go to Stop-Loss now in case of further declines on the market:
SL1 = $ 4.47
However, we still have a very strong support zone that has repeatedly maintained the price from a further correction zone from $ 3.95 to $ 3.56.
Polkadot (DOT): Looking For Another 25-30% Drop / Be Careful!Polkadot has been trading inside a sideways channel where we had a decent rejection from the resistance zone and now price has fallen below the branch of EMAs.
We are looking now for another 25-30% decline to happen here as long as sellers maintain the dominance below the EMAs like they did after a similar situation on the 11th of April!
Swallow Team
We are so close!I love Polkadot and community of this coin. We all know BINANCE:DOTUSDT made huge impulse about a year ago and still consolidating around it. Checking 4.5 area is crucial for BINANCE:DOTUSDT , because that means it is triple bottom which is a huge reversal pattern. If we ever see candle below 3.5 that is the point we consider Long-term long position in either Spot or Futures. Also MACD and RSI making divergence in 1W timeframe.
I will be taking profits at 20, 24, 32, 55 ( ATH ).
My Insight on DOT came True! what's next?BINANCE:DOTUSDT
as I expected, Dot reached the support level I mentioned before!
Now I expect it ascend from here and reach around 6.3!
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#DOT/USDT#DOT
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it upwards strongly
We have a bounce from the lower limit of the descending channel, this support is at a price of 4.10
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 4.60
First target 5.40
Second target 6.02
Third target 6.80
DOT Nearing Key Support: Potential for Bullish Breakout..!At the moment, DOT is nearing its critical support level of $6, a price point that has historically acted as a significant resistance level in the past. It's essential to be patient and observe for a strong bullish signal or a bullish technical pattern, such as a breakout or a reversal formation, before making any decisions about entering a long position.
For those investors with a long-term perspective, this price level could present an opportune moment to start accumulating DOT. Given the overall market trends and potential for recovery, a reasonable price target for DOT could be around $11. This target reflects the possibility of upward momentum as the market dynamics shift, providing a favorable outlook for long-term investment strategies.
Polkadot will hit a new ATH soon (2D)Before anything, pay attention to the analysis timeframe: it’s a 2-day timeframe and requires patience.
From the point where we placed the red arrow on the chart, it seems Polkadot's correction has begun.
This correction appears to be a triangle. We are currently in the middle of wave D.
Polkadot, by feeding on the demand orders marked on the chart, can move toward the red box to complete wave D.
After completing waves D and E, it can move toward the historical peak and create a new ATH.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Polkadot Accumulation ZoneThe concept of an "accumulation zone" in cryptocurrency, like with Polkadot (DOT), refers to a price range where a significant amount of buying is occurring, often by long-term investors or "whales" who believe the asset is undervalued or poised for an upward price movement. Here's how it relates to Polkadot based on available information:
Seems CRYPTOCAP:DOT is holding up in the accumulation zone with a bullish RSI getting ready for a move in the coming week. The Green Zon is the RSI Low using an RSI 7-period respecting the low zone Accumulation might be occurring here. Most Crypto assets have similar zones happening. Just looking at the bar patterns it's hard to see but with the RSI indicator, it looks positive to me.
DOT/USDT 4H Interval ChartHello everyone, let's look at the 4H DOT to USDT chart, in this situation we can see how the price is bouncing off the local downtrend line, only when it breaks out of it upwards will it be able to move towards the next two trend lines.
Let's start by defining the targets for the near future that the price has to face:
T1 = 6.67 USD
T2 = 7.05 USD
Т3 = 7.32 USD
Т4 = 7.65 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 6.22 USD
SL2 = 5.99 USD
SL3 = 5.56 USD
Considering the STOCH indicator we can see how we are again going below the lower boundary, which could potentially indicate an upcoming attempt to change the price direction.
Support and Resistance Zone: 5.907-6.920
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(DOTUSDT 1M chart)
From a trend perspective, in order to start an uptrend, the price must be maintained above the MS-Signal (M-Signal on the 1M chart) indicator.
However, since the volume profile zone is formed around 9.262, the full-scale uptrend is expected to start when it rises above 9.262.
Currently, the HA-High indicator is formed at 26.351.
Therefore, if it continues to rise like this, it is possible that it will touch around 26.351.
However, since it is rare for a 183% increase to rise without a downward wave, there is a possibility that the HA-High indicator will fall and be newly created during the rise.
Therefore, if you confirmed the support near 9.262 and bought, the target point will be until it meets the HA-High indicator on the 1M chart.
Since a strong volume profile section has been formed near 19.370, the point to watch is whether it can break through this section upward.
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(1D chart)
From a trend perspective, the 5.907-6.920 section is an important support and resistance section.
If it is supported and rises in this section,
1st: 7.480
2nd: 8.468-4.704
3rd: 9.262
4th: 10.131-10.392
You need to create a response strategy depending on whether it is supported or not in the 1st-4th section above.
If it falls below 5.907 and shows resistance, it is likely to fall to around 4.136-4.495.
If the HA-Low indicator is newly created during the decline, whether there is support in that area is important.
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A volume profile section is formed around 9.262, but a volume profile section is also formed around 10.131.
Therefore, it is expected that a full-scale uptrend will begin only when the 9.262-10.131 section is broken upward.
If you want to trade short term, you can buy when it shows support near 6.920 and respond according to the section I mentioned earlier.
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Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, it is expected that prices below 44K-48K will not be seen in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to this.
If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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