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.
6 parachains have been deployed on Kusama to battle test the coding vulnerabilities. Thus, Polkadot is at the cusp of transitioning into a Future Proof of Scalable Blockchain network.
On the Daily Time Frame, since July 30, Polkadot has been trading in an Ascending Channel while it has formed a strong bullish candle yesterday and has given a close above the channel. Thus, 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 $26.3 while it may face resistance at the level of $30 followed by $35.
6 parachains have been deployed on Kusama to battle test the coding vulnerabilities. Thus, Polkadot is at the cusp of transitioning into a Future Proof of Scalable Blockchain network.
On the Daily Time Frame, since July 30, Polkadot has been trading in an Ascending Channel while it has formed a strong bullish candle yesterday and has given a close above the channel. Thus, 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 $26.3 while it may face resistance at the level of $30 followed by $35.