- DOT trades at $3.83, holding above a key multi-year trendline and accumulation zone.
- Analysts identify $3.00–$4.00 as critical support with $30+ targets if structure holds.
- Weekly Wyckoff pattern forms on DOT, signaling possible breakout after prolonged consolidation.
Polkadot (DOT) is consolidating between $3.00 and $4.00, a zone identified by analysts as a key long-term support area. The token recently retested a multi-year trendline breakout and continues to hold above it. At the time of writing, DOT was trading at $3.83.
Accumulation Zone Holding Above Multi-Year Trendline
DOT’s current price action suggests a potential macro reversal, according to analysis prepared by Crypto Patel. The $3.00 to $4.00 range is seen as a long-term accumulation zone. This area aligns with a multi-year descending trendline breakout, which price has now retested and held.
Traders consider this level to be a major support zone. Multiple retests over the past weeks have shown buying interest around this range. If buyers continue to defend the $3.00 level, it may lay the groundwork for a larger trend shift.
Analyst Crypto_TheBoss also noted that DOT’s structure on the weekly timeframe resembles a Wyckoff Accumulation pattern. This type of formation usually signals smart money building positions before a breakout, and DOT has been moving sideways for an extended period.
Resistance Levels and Long-Term Price Targets
If upward momentum develops, the first resistance is projected near $9.24. This was a key breakdown area during the last market cycle. The next levels to watch are $16.67 and $40.85, based on prior swing highs and Fibonacci retracement zones.
Crypto Patel also mentioned that $30 remains a realistic target if this zone holds and the broader trend resumes. He added, “Expecting $30+ this bull run, $50 is the bonus target.” These targets rely on DOT maintaining its structure and not closing below $3.00.
According to CoinGecko, DOT is currently trading at $3.83, with a daily trading volume of $320 million. While short-term volatility continues, many traders are watching this zone for signs of sustained accumulation and breakout potential.
