Polkadot (DOT) has successfully completed a Wyckoff accumulation pattern, signaling potential bullish momentum as it forms a Spring and early Last Point of Support (LPS) near its long-term support levels. This technical development suggests a possible upward trend for the cryptocurrency.
In parallel, Polkadot's governance is witnessing robust participation, with 65.5% of high-weight stakeholders casting 'Aye' votes in a current referendum. Despite these positive signals, technical indicators reveal that DOT is in a cooling phase, indicating mild undervaluation at present.
Polkadot Completes Wyckoff Accumulation Amid Strong Governance Support
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