Polkadot is trading just under a key resistance at $4.60 — a level it’s failed to break several times in the past.
If it finally breaks above this, we could see a strong rally toward $8 and maybe even $12 in the coming weeks.
But if it gets rejected again, the price might drop back to the $3.30–$2.60 zone which has been a strong support area before and a good place to build long positions.
For now, DOT is still inside a long downtrend. A clean breakout above $4.60 could flip the whole structure bullish.
If it breaks — it could fly
If it fails — it’s a re-entry chance
Risk-takers can start slow accumulation from here because let’s be honest, no one can predict the exact bottom or top.
Not: NFA & DYOR
If it finally breaks above this, we could see a strong rally toward $8 and maybe even $12 in the coming weeks.
But if it gets rejected again, the price might drop back to the $3.30–$2.60 zone which has been a strong support area before and a good place to build long positions.
For now, DOT is still inside a long downtrend. A clean breakout above $4.60 could flip the whole structure bullish.
If it breaks — it could fly
If it fails — it’s a re-entry chance
Risk-takers can start slow accumulation from here because let’s be honest, no one can predict the exact bottom or top.
Not: NFA & DYOR
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Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.