- Polkadot breaks above $4.60 resistance, signaling bullish momentum and renewed breakout potential.
- DOT targets $6.40–$7.00, projecting 40–60% rally from current consolidation breakout levels.
- Rising trading volume and accumulation confirm strong support between $3.80 and $4.40.
Polkadot (DOT) is currently trading near $4.59 after breaking above horizontal trendline resistance on the daily timeframe. Rising trading volume and momentum now frame DOT as poised for a potential breakout move. Analysts are monitoring whether the token can sustain strength above key support and resistance levels for confirmation.
Breakout Structure and Technical Levels
CryptoBull_360, a well known crypto analysts noted that DOT is showing strength after breaching resistance formed since May. The price has established higher lows since July, creating an ascending structure that added support to the latest upward move.
Chart data shows that DOT consolidated between $3.80 and $4.40 for several months before breaking higher. The breakout candle moved above $4.60, confirming renewed bullish activity.
The Ichimoku cloud also reflects DOT holding above support, sustaining momentum. Volume analysis supports this view, as the profile displays strong accumulation between $3.80 and $4.40. Rising participation during the breakout suggests demand has expanded, while support levels at $4.40 and $4.20 remain key for maintaining momentum.
Price Projections and Market Context
According to an observation by CryptoRand, DOT advanced by 10.12% after breaching $4.20 resistance, reaching levels near $4.64. The token now faces additional resistance zones at $4.80, $6.00, $8.00, and $11.00, representing historical turning points. Projection targets are measured toward $6.40 and $7.00, representing potential gains of 40-60% from breakout levels.
This aligns with the measured move from the consolidation range. Analysts note that $3.60 remains a strong horizontal support level, where buyers consistently defended price during earlier trading phases. Polkadot’s trading activity has also been supported by broader liquidity.
Market data shows DOT’s 24-hour volume at $659.5 million, up 32.77% compared with the prior day. Circulating supply stands at 1.61 billion DOT, maintaining consistency with the total supply. With rising momentum, accumulation at lower levels, and sustained demand, DOT continues to position for a potential extended rally if confirmation levels hold.
