Polkadot price analysis: DOT breaks historical resistance, eyes run to $7.00
2025-07-11 13:03:34
Main Idea
Polkadot (DOT) has broken through a key resistance level at $3.75, signaling a potential bullish trend, but confirmation depends on maintaining this level.
Key Points
1. Polkadot (DOT) has breached the $3.75 resistance level with strong momentum, a historically significant zone.
2. The $3.75 level, previously a ceiling, now acts as crucial support for DOT's price action.
3. A bullish weekly engulfing candle pattern indicates a potential breakout from multi-week resistance.
4. The next major resistance target for DOT is the $7 high-timeframe level.
5. Failure to hold above $3.75 could invalidate the bullish breakout scenario.
Description
Polkadot has broken out of a multi-week resistance with a bullish engulfing candle, sparking speculation of a structural shift. However, the breakout remains in progress, and confirmation hinges on DOT holding above $3.75, a zone of high technical confluence. After several weeks of compression under a historical resistance, Polkadot ( DOT ) has finally breached the key ceiling with strong momentum. The breakout is developing on the weekly timeframe, adding to its potential significance. At the c...
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