Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Polkadot (DOT) is building momentum and pressing against key resistance, with bullish signals flashing on the 4-hour chart. Rising volume and a tightening range hint at an imminent breakout, with a $4.75 target in sight. DOT isn’t done yet—bigger gains could be just ahead. Breakout Confirmation Hinges on Key Closing Level
Polkadot could be gearing up for a significant breakout, according to a recent postfrom crypto analyst GodstarPL on the X (formerly Twitter) platform. The analyst emphasized that key bullish signals are now emerging on the 4-hour Heikin Ashi chart, hinting at a potential shift in momentum that could favor the bulls in the near term. Related Reading Polkadot (DOT) Nears Critical Zone: A Reversal Could Trigger 180% Surge 4 months ago
One of the most compelling signals comes from the price action itself, as DOT is currently pressing up against a major resistance level. This resistanceis being tested alongside a noticeable uptick in trading volume, suggesting that market participants are increasingly interested and possibly positioning for a larger move. The combination of volume growth and price compression typically indicates that a breakout could be imminent.
GodstarPL highlighted that the breakout target lies at $4.75, which would represent a 25% increase from current levels. For this move to gain traction, the analystnoted that confirmation is crucial. Specifically, DOT needs to secure a close above the $3.80 mark to validate the bullish breakout scenario and invite further buying pressure. DOT set for a breakout | Source: GodstarPL on X
On the downside, strong supporthas been identified around $3.55. This level is acting as a safety net for bulls, and a failure to hold above it could temporarily delay any upward movement. However, as long as this support holds, the setup remains favorable for an upsidebreakout.
In summary, Polkadot is in a tight squeeze between support and resistance, with bullish reversalsignals flashing on key timeframes. A breakout above $3.80 could pave the way for a strong rally toward $4.75, while the $3.55 level will be critical in maintaining bullish momentum. Thriving Not Surviving: Polkadot’s Breakout Potential Unfolds
GodstarPL concluded that if current support levels continue to hold, the price of Polkadot could be poised for a powerful move into the $5 zone in the near future. The technical setup suggests that DOT isn’t merely consolidating, it’s building strength for what could be a substantial breakout. Related Reading Polkadot Price Caught In A 5-Year Channel – Can It Finally Break Free? 3 months ago
In the analyst’s view, DOT is not just weathering market conditions; it’s positioning itself for significant upside. With bullishsignals aligning and momentum improving, DOT appears ready to shift from survival mode to a phase of growth and potentialoutperformance.
As of the time of writing, DOT is trading at around $3.62, with a market capitalization exceeding $5.8 billion and a 24-hour trading volume of over $382 million. DOT trading at $3.6 on the 1D chart | Source: DOTUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com