DOTUSD – Emergency Update to Channel with Battling Arcs
Polkadot / U. S. Dollar KRAKEN:DOTUSD
The market just woke up and DOT has definitively broken out of the red arc it had been following down for months.
I redrew the arcs to see what it looks like if we’ve already seen the local bottom.
If the green arc back up to the channel top plays out, we will see DOT in the $65 range in early summer.
If that is the case, smaller DOT ecosystem tokens like GLMR, PDEX , and ACA should see even bigger gains.
This is in line with what I see as the macro picture unfolding. The world is waking up to the need for crypto.
Enjoy.
