Mapping Polkadot’s future: Is DOT following Fantom’s path?

Polkadot has surged by 6.36% on weekly charts . An analysts eyes a historical surge citing Fantom's historical pattern

An analyst eyed a historical surge, citing Fantom’s historical pattern.has made a strong back over the past week. Since hitting a low of $3.9, DOT has seen a strong upsurge, hiking by 12.82%.At the time of writing, DOT was trading at $4.37. This marked a 3.63% increase over the past day, with an extension to this bullish trend by 6.36% on weekly charts.However, the markets have shown strength over the past day with increased demand for the altcoin. Thus, DOT’s trading volume has surged by 12.

In context, Fantom experienced an exponential surge based on this pattern hiking by 192.31% from a local low of $0.26 to $0.76.What DOT charts says Additionally, Polkadot’s DyDx exchange Funding Rate has remained positive over the past week. This suggests that more investors are taking long positions compared to those going short.Finally, this demand for long positions is further supported by declining liquidation for long positions. Over the past two weeks, liquidation for longs has declined from $2.1 million to $2.36k at press time.

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