Polkadot (DOT) Reclaims $4.60, Suggesting Possible Targets Near $8 and $12 Amid Bullish Momentum
Main Idea
Polkadot (DOT) has reclaimed the $4.60 resistance level, with potential breakout targets at $8 and $12, supported by technical indicators and network upgrades.
Key Points
1. Polkadot (DOT) broke a significant descending trendline and reclaimed the $4.60 resistance level, a key barrier since early 2025.
2. Technical indicators like RSI at 55.92 and MACD above the signal line suggest room for further bullish momentum.
3. Recent network upgrades, including Elastic Scaling and the upcoming JAM protocol, have boosted DOT's outlook.
4. On-chain data shows rising wallet activity and a long/short ratio of 1.06, indicating cautious bullish sentiment among traders.
5. Key price targets for DOT are $8 and $12 if the asset sustains momentum above $4.60.
Description
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