Today Bitcoin dragged the whole market down except for very few altcoins. DOT has lost almost 25% of its value during the past 4 days since the recent new ATH at $19.40. However this was not a problem to regain the loss and the token DOT was amongst the top gainers with massive 23% rallying from $14.80 to $18.20 in just 4 hours! The consolidation over the past days formed a falling wedge, which is very bullish formation during the uptrend. The breakout was massive supported by good volumes. I expect the retest of the wedge from outside (breakout confirmation) and then there are two targets, one short-term and one mid-term (see picture). Due to the fact that Polkadot is a much promising ecosystem and parachains begin to launch soon, there could start FOMO and both targets could be achieved quickly and without retest. Keep an eye on this rocket ;)
