Polkadot Price Analysis: DOT Poised to Shatter Major Resistance, Targeting $7.00 Surge
Polkadot's DOT isn't just knocking on the door—it's trying to kick it down. The multi-chain protocol's native asset is testing a critical technical barrier, with traders eyeing a decisive move toward the $7.00 mark.
The Resistance Wall
All eyes are on that stubborn price ceiling. It's the line in the sand that separates a consolidation phase from a full-blown breakout. Every test weakens its foundation, and the next push could be the one that sends it crumbling.
Momentum Builds
Buying pressure is accumulating, not with a roar but a steady, determined hum. The charts suggest a coiled spring, with volume patterns hinting that larger players are positioning for a potential leg up. It's the quiet before the storm—or another lesson in patience for overeager bulls.
The $7.00 Horizon
That's the prize. A clean break above the current resistance transforms it into future support, opening a clear path toward the next psychological milestone. It's a classic technical play, the kind that gets chartists out of bed in the morning and leaves traditional finance pundits muttering about 'unproductive assets.'
Success hinges on sustained momentum. A failure here could mean a frustrating slide back into the trading range. But if DOT gathers enough force for a clean breakout, the journey to $7.00 becomes a very real near-term narrative. Just remember, in crypto, every 'imminent breakout' is one whale sell order away from becoming a 'healthy retest.'
Polkadot Holds Support as Analysts Identify Upside Targets
Analyst Jonathan Carter highlighted that DOT is trading above the bottom of a falling wedge in the two-week chart. The trend has not actually changed during the recent consolidation period, and the price has been responding to the same support zone repeatedly.
The analyst pointed out that momentum began to increase at this point. The recovery built up with growing engagement rather than decreased activity. He has described several levels of upside linked to the wedge structure, such as $3.00, $4.30, $7.00, $10.50, and $24.00.
Another analyst, Crypto King, mentioned DOT among a few altcoins underperforming in comparison with the overall market. He explained that the Polkadot ecosystem has continued to develop despite poor price performance. He also remarked that the high and unrestricted supply of DOT has continued to be a determinant in valuation.
After the massive liquidation in October, DOT established a local low of about $1.50. It was the lowest point of the recent downturn. The price movement has since turned into stabilization, with the pressure to sell also calming down in the process.
Recent charts indicate that DOT is currently positioned above its declining trendline. crypto King has marked a possible near-term technical point as the $3.50 region. The analysis relied on price structure instead of future anticipations.
Dot Trading Volume Rises as Open Interest Falls
CoinGlass data shows that trading volume increased by 31.13% and reached $343.30 million. The update reflected a noticeable rise in activity during the period. The figures captured the latest shift in market participation.
Open Interest declined by 2.17% to $225.23 million. The decrease showed reduced positioning across the market. The OI-weighted funding rate remained steady at 0.0050%.
Polkadot still trades in a recovery structure that is developing. The growth in volume and enhanced technical positioning indicate fresh market activity. Traders are also keeping track of whether the price can continue to push higher up beyond key support areas.
