Polkadot s Price Pattern Signals Bull Revival
Polkadot jumped 14% last week, forming an inverted hammer candlestick pattern.
Author:
Polkadot jumped 14% last week, forming an inverted hammer candlestick pattern.
Polkadot (DOT), the native token of the Polkadot blockchain, looks poised to turn higher, having put in an inverted bullish hammer candle last week.
The inverted hammer comprises a small real body, an extended upper wick, and little or no lower wick. The extended upper wick results from bulls trying to push prices higher. For instance, DOT opened last week at $17.92 and rose as high as $26 in a sign of bargain hunters stepping in following a sharp sell-off from $49 to nearly $13 in the preceding two weeks, according to data provided by TradingView. ....