Polkadot eyes breakout to $75 after DOT price rally sets up classic bullish reversal By Cointelegraph


(DOT) chart technicals suggest it may rally to a new record high near $75 if DOT can manage to close above its $41–$43 range decisively.

That’s according to a classic bullish reversal setup known as an inverse head and shoulders (H&S) that forms when the price undergoes three selloffs during a period of market consolidation.

Inverse head and shoulders pattern illustration. Source: ThinkMarkets
weekly price chart featuring inverse head and shoulders setup. Source: TradingView