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#DOT Polkadot (DOT) has grown by 40% in the past seven days, showing positive market performance. Some analysts believe that as DOT has broken out of its unique downward pattern known as a falling wedge, it may double soon. DOT may break out of the falling wedge pattern, which could drive its price up by 100%, an important technical analysis factor. Currently, DOT is oscillating at the resistance level of $5, and once it breaks through, it could rise to $5.6.
Due to new developments in the network, such as the launch of Snowbridge, which supports fast trading between Polkadot and other blockchains, the use of DOT is increasing among developers, and it may be in a positive market cycle, with the potential for significant price growth.