Polkadot cryptocurrency can be expected to rise further to the next resistance level 1.300 (former resistance level from May and the target price for the completion of the active intermediate impulse wave (c)).
- Polkadot broke resistance zone
- Likely to rise to resistance level 1.300
Polkadot cryptocurrency continues to rise sharply after the price broke through the resistance zone lying at the intersection of the resistance level 1.025 (which has been reversing the price from June, stopping earlier sharp upward corrections iv and a, as can be seen from the daily Polkadot chart below) and the 50% Fibonacci correction of the downward impulse wave 1 from the middle of May. The breakout of this resistance zone accelerated the active minor impulse wave c of the medium-term ABC correction 2 from the middle of August.
Given the predominantly bullish sentiment seen across the crypto markets today, Polkadot cryptocurrency can be expected to rise further to the next resistance level 1.300 (former resistance level from May and the target price for the completion of the active intermediate impulse wave (c)).