TradeDog-Research

DOT-USDT (Breakout)

Long
BINANCE:DOTUSDT   DOT / TetherUS
Polkadot is currently in the Parachain Rollout (Final) phase of its Blockchain development. As parachains get tested and optimized on parachain testnet and Kusama, Polkadot governance can rollout parachain slot lease auctions. As the parachains get live on the network, Polkadot will be officially launched.

Polkadot has been conducting various webinars to spread awareness about Web 3.0- a step to educate its community about the potential entrapped in its technology. With the Smart Contract platforms gaining enormously, DOT is also exhibiting signs of strength in its price action.

On the Daily Time Frame, DOT has given a Breakout from the level of $28. The breakout signifies a prominent move to the upside that may unfold in the coming days.

The support to the lower side is present at $28.2 while it may face resistance at the level of $38 followed by $42
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