Top Highlights

• Polkadot’s (DOT) price rally in the past week has caused it to break out of the falling wedge pattern within which it has trended since March.
• A falling wedge pattern is formed when an asset’s price trends between two downward-sloping trend lines. The upper trend line acts as a resistance level, while the lower trend line serves as support.
• breaks out of the upper trendline of the falling wedge, it’s generally considered a bullish signal.
• Polkadot broke out of this upper line on July 13 and has since maintained its uptrend.
• (RSI) is in an uptrend at 57.81, confirming the surge in buying pressure over selling activity.

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