The price of Polkado continued to consolidate at a critical level of support, pointing to a potential strong rebound as it grows.
The Polkadot (DOT) token is traded at $ 4, which is several points higher than the most important support – $ 3.63, where he could not break since 2023.
According to Santiment, the number of commits on the network jumped to 53.6 on Wednesday, the highest level from April 14. This increased significantly compared to the minimum of this month 31.8. Meanwhile, seven -day development activities increased by 25.7% to 314.
Similarly, activity in Kusam (KSM), its Canary network, also jumped by more than 25% for the same period. These numbers make a regional card and kusama one of the most active chains in terms of github activity after the Internet compound (ICP), Filecoin (Fil) and Cardano (ADA).
This growth in development is probably associated with the ongoing transition to Po -Rapado 2.0. Two of the three main components have already been implemented: Agile Coretime and asynchronous support. Agile Coretime replaces the Parachain Slot auction system with a block model on demand, while asynchronous support reduces the block time to six seconds.
The developers are currently working at the third stage: elastic scaling, which introduces a dynamic distribution of resources, allowing parachino scale based on demand.
Poralkado. Technical price analysis
The daily schedule shows that since November 2023, he has formed the price of a point price of about $ 3.5, where he has not fallen since November 2023. He formed a scheme with a triple bottom, whose cutouts for 11.70 dollars. The USA is a high swing on December 2 last year.
The last time Polkado fell to this level in November, after which it grew by 187%. Before that, he restored almost 200% before his peak on March 13, 2023.
Two lines of percentage price generator formed a bull crossover. In addition, the relative force index was up.
Consequently, the prospects for Polkado are optimistic, the key goal is the December maximum of 11.63 dollars. This bull -type remains untouched while DOT holds above the support level of $ 3.50.
