The gear price could be converted as Sola Development Activity

The price of Polkadot continued to consolidate at the crucial level of support, pointing to a potential strong leap because development activity grows.

Polkadot (Dot) The token traded $ 4, several points above crucial support to $ 3.63, where it did not break below 2023. Years.

According to the Santiment Data, the number of obligations in the network jumped at 53.6 on Wednesday, the highest level of 14. April. It marked a significant increase in this month low from 31.8. Meanwhile, seven-day development activities increased by 25.7% to 314.

Similarly, the activity in the houses (KSM), his canary network, also skipped over 25% in the same period. These numbers consist of polkadot and households some of the most active chains regarding GitHub activities after the Internet computer (ICP), FileCoin (Consoling) and Cardano (Ada).

This development in development is probably connected to the current switch to Polkadot 2.0. Two of the three main components have already been implemented: Turntable Cortime and asynchronous match. Agile Coretime Replaces the Parachain Auction System with a locking model on request, while asynchronous support reduces blocks of blocks for just six seconds.

The developers are now working on the third phase: elastic scaling, which introduces dynamic resource allocation, allowing passages to be on a scale based on demand.

Polkadot price of technical analysis

The daily shows that the price point is below 3.5 dollars, where it failed to fall from November 2023. years. He founded a chart pattern on a triple chart whose neckline was at $ 11.70, her highest momentum 2. December last year.

Polkadot fell on this level last time was in November, after which it increased by 187%. Prior to that, he refused almost 200% of his top 13. March 2023. years.

The two percentage of the percentage of the percentage of the percentage formed a Bilkarski Crossover. In addition, the relative strength index moved up.

Therefore, Outlook for Polkadot Billo, with a key goal of December to $ 11.63. This Bullish view remains intact until the point holds above the support level to $ 3.50.