Polkadot Isn’t Done Yet—Breakout Point To Bigger Gains Ahead

Polkadot (DOT) is showing bullish signals on its 4-hour chart, indicating building momentum. The cryptocurrency is currently pressing against a key resistance level. An increase in trading volume alongside price compression suggests an imminent breakout. The projected target for this breakout is $4.75, a 25% increase from current levels. For this bullish scenario to be confirmed, DOT needs to achieve a closing price above $3.80. A strong support level has been identified at $3.55, which is crucial for maintaining upward momentum. If this support holds, Polkadot is expected to move towards the $5 zone. The technical setup suggests DOT is preparing for a substantial breakout rather than just consolidating. The analyst believes DOT is poised for significant upside potential, moving beyond mere survival. As of the latest data, DOT is trading around $3.62.