Polkadot (DOT) Holds Key Support Zone With Potential for Breakout Toward $30+ If Structure Maintains

Key Points

1. Polkadot (DOT) is trading at $3.83, maintaining a critical multi-year support zone between $3.00 and $4.00.

2. Analysts identify this range as a strong accumulation area, with potential for a breakout toward $30+ if the support holds.

3. Technical analysis shows a Wyckoff Accumulation pattern, suggesting institutional investors are accumulating DOT.

4. Key resistance levels to watch are $9.24, $16.67, and $40.85, derived from historical swing highs and Fibonacci retracement zones.

5. Analyst Crypto Patel projects a realistic target of $30+ for DOT, with $50 as a bonus target, contingent on maintaining support above $3.00.