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Is Polkadot eyeing $100 next? DOT price jumps 25%, triggering classic bullish chart pattern -Breaking

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Polkadot’s native DOT token looks Expect a rally to $100In the coming sessions, it will cause a classic bullish reverse setup.

Dubbed “inverse head and shoulders” (IH&S), the technical structure appears when an instrument forms three troughs in a row, with the middle one — called the head — being the lowest and the other two — known as the right and left shoulders — of almost equal heights.

DOT/USDT daily price chart featuring IH&S pattern. TradingView
KSM Supply dedicated to five of its initial crowdloans by Aug. 6 Source: Subscan. Messari
Daily price chart for KSM/USDT Source: TradingView