[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
DavidBrain @IamDavidBrain on x 3196 followers
Created: 2025-07-17 05:59:18 UTC
Bullish! $DOT's price eyes $XXX after bullish reversal.
@Polkadot has broken out of a multi week resistance with a bullish engulfing candle, sparking speculation of a cultural shift.
However, the breakout remains in progress, and confirmation hinges on $DOT holding $4.2, a zone of high technical confluence.
After several weeks of compression, after a historical resistance, Polkadot has finally breached the key ceiling with strong momentum.
The breakout is developing on a weekly time frame, adding to its potential significance.
Support Reclaimed: the $XXXX level, which was previously a ceiling, now holds support.
Weekly engulfing candle: A decisive bullish pattern breaking past multi week resistance.
The next major resistance is $X.
From a technical perspective, the breakout is promising but remains incomplete until the weekly candle closes and subsequent candles confirm strength above $XXX.
The current structure shows a sign of a bullish engulfing pattern, which often leads to continued buying
I'll be analysing @peaq next. 💫
XXXXX engagements
Related Topics dot candle multi reversal $dots $dot coins layer 1 coins made in usa