3 reasons why Polkadot is en-route to a new ATH even after a 256% rally

The recent 256% Polkadot (DOT) recovery over the past 56 days has been nothing short of spectacular. Although the price is 23% below its $49.80 all-time high from four months ago, the altcoin’s $39 billion market capitalization has outperformed the Ether (ETH) by 66% over the past thirty days.

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SubQuery Raises $9M for Polkadot and Kusama Data Aggregator – BeInCrypto

Decentralized data aggregation protocol SubQuery has become the latest to announce a big funding round from venture capital giants.
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SubQuery announced that it had completed a strategic funding round for $9 million on Sept 8.

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Polkadot (DOT) Breaks Out, Reaches Highest Price Since May – BeInCrypto

On Aug 30, Polkadot (DOT) broke out from the $29 resistance area with considerable volume.
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If DOT is successful in holding on above this level, the next resistance target would be found at $41.35.
Parabolic increase
Polkadot has been increasing since July 20.

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BTC, ETH, XRP, ZEC, DOT, SOL, ALGO — Technical Analysis Aug 25 – BeInCrypto

Bitcoin (BTC) has created an evening star pattern.
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Ethereum (ETH) has created a double top pattern.
XRP (XRP) has moved above the $1.05 level.
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Zcash (ZEC) and Polkadot (DOT) are increasing alongside ascending support lines.

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Polkadot (DOT) price rallies 100% and derivatives data points to more upside

Polkadot (DOT) is a blockchain project designed to interconnect sub-chains called parachains or parallel chains. Each application-specific chain built within Polkadot uses the Substrate modular framework, and this is meant to ease the development process.

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Polkadot (DOT) Moves Above $20 After Strong Rebound – BeInCrypto

Polkadot (DOT) has been moving upwards since July 20 and has reclaimed the $17.10 horizontal support area.
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DOT is increasing alongside an ascending support line, and the bullish trend remains intact as long as it continues to do so.

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Polkadot (DOT) Attempts to Reclaim Crucial Resistance Level – BeInCrypto

Polkadot (DOT) made an unsuccessful attempt at reclaiming the $15 resistance level on July 26.
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However, DOT appears to be trading inside a bullish pattern, from which a breakout is expected. This could cause a reclamation of the aforementioned $15 resistance area.

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Polkadot (DOT) Struggles to Hold Support After Breakdown – BeInCrypto

Polkadot (DOT) is attempting to hold on above a long-term support area at $19.
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There are currently no bullish reversal signs in place. In addition, DOT has broken down from its short-term pattern, further adding to the bearish sentiment.

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