- Polkadot trades near $5.20 with growing bullish momentum as traders eye a breakout above its long-standing $10 resistance level.
- DOT has consolidated between $3.3 and $10 since 2023, with a breakout likely to spark a rapid move toward the historical $20 zone.
- A reclaim of $10 could confirm trend reversal and attract strong interest, mirroring past impulsive surges in Polkadot’s price action.
Polkadot (DOT) is gaining renewed attention as market chatter intensifies around its ongoing Kaito campaign. The asset currently trades at $5.203, posting a marginal 0.15% dip on the day. Despite minimal short-term volatility, long-term technical indicators suggest growing momentum. Traders are eyeing a potential breakout above the long-standing $10 resistance zone. This level, identified as the “Base Range Resistance,” has capped multiple rally attempts since 2022.
The price action remains confined within a broad accumulation range. Since early 2023, DOT has oscillated between $3.3 and $10. Each rally has stalled at the upper boundary of this channel. However, market sentiment has started shifting in 2025 as broader crypto optimism builds. A breakout above $10 could trigger an impulsive move toward the $20 mark, in line with historical trading behavior.
Historical Peaks Offer Context for Current Setup
DOT first broke above $5 in early 2021, riding bullish momentum to a high of $42 by mid-year. The subsequent correction found support near $28 before the asset surged again. By early 2022, Polkadot formed its all-time high near $50.
Source: KALEO
However, the market reversed sharply after that. Prices slipped below $20 by mid-2022, initiating a prolonged downtrend. From late 2022 through 2024, DOT traded within a fixed range. Repeated attempts to break $10 failed, reinforcing its status as a key resistance. Additionally, trading volume has remained moderate, with recent daily levels around 20.72K. Buy and sell orders are tightly matched at $5.203 and $5.202, reflecting balance.
Current Outlook and Technical Implications
Moreover, DOT’s current position near $5.20 suggests another potential cycle low. The white projection line indicates bullish potential extending into late 2025. Hence, a successful move above $10 could confirm a trend reversal. This would likely draw increased trader interest and liquidity.
The data highlights a magnet-shaped target of around $20. This aligns with a major historical resistance zone from early 2022. Consequently, traders anticipate accelerated price movement once DOT reclaims the $10 threshold. The setup mirrors prior impulsive rallies during breakout cycles.
