- DOT reclaims $4.60 after breaking trendline, with $8 and $12 as potential breakout targets.
- RSI at 55.92 and MACD above the signal line show room for continued bullish momentum.
- On-chain data shows accumulation, while long/short ratio at 1.06 reflects cautious bullish sentiment.
Polkadot (DOT) is consolidating near the $4.60 mark, a resistance zone that has rejected price action for months. The asset has gained over 32% in the last 10 days, supported by protocol upgrades and increased market activity. At the time of writing, DOT traded at $4.60 with a market cap of $6.66 billion.
DOT Breaks Trendline as Bulls Target Higher Levels
Based on recent chart observations by Crypto Patel, DOT has flipped a long-term descending trendline and reclaimed horizontal resistance near $4.60. This level has historically capped upward movement since early 2025.
A daily close above $4.60 could confirm a breakout, with potential price targets set at $8 and $12, if volume and momentum sustain. Technical indicators are mixed but show strength. DOT trades above its 20-day and 50-day moving averages, though still below the 200-day.
The RSI sits in neutral territory at 55.92, suggesting there is room for further upside. The MACD remains above the signal line, and the asset is holding above its pivot level of $4.15. According to AlphaCryptoSignal, “DOT has broken the resistance and is now holding above it, showing bullish strength on the chart.”
Network Upgrades and On-Chain Activity Boost Outlook
Polkadot’s recent upgrades, including Elastic Scaling and the upcoming JAM protocol, have driven attention back to the network. These updates are designed to enhance throughput and decentralization.
Founder Gavin Wood introduced a Proof-of-Personhood concept at the Berlin Web3 Summit, reinforcing long-term development focus. On-chain data also shows rising wallet activity and steady exchange outflows, suggesting accumulation.
According to CoinGlass, the DOT long/short ratio stands at 1.06, reflecting a cautiously bullish outlook among traders. If DOT holds above $4.60, traders will be watching for a push toward $5.00, with $3.30–$2.60 acting as the next demand zone if rejected.
