- Polkadot is eyeing a 12% surge if it can break the key $4.62 resistance level, signaling a potential short-term bullish trend.
- Polkadot faces strong resistance ahead, but its recent higher lows and improving volume suggest a possible breakout toward $5.25.
Polkadot (DOT) is flashing bullish signals, but its short-term rally hinges on breaking a critical resistance. The altcoin has erased most of its gains since November, yet a key technical level could determine whether DOT rebounds 12% or stalls.
Can DOT Bulls Push Past $4.62?
Polkadot’s daily price chart indicates that the bears remain in control, with the market structure still leaning bearish. The crucial resistance level at $4.62 stands as the immediate hurdle for buyers to overcome. If DOT successfully moves past this barrier, a rally toward $5.25 is in play.
On the momentum front, the MACD has formed a bullish crossover, but it remains below the zero line, signaling that bearish pressure still lingers. However, the A/D (Accumulation/Distribution) indicator has been forming higher lows since February, suggesting that selling volume is not as aggressive as before. This could offer some hope for a potential breakout.
Higher Timeframe Resistance Could Stall Further Gains
Despite the short-term optimism, long-term holders may not have much to celebrate just yet. Many Polkadot buyers from previous rallies are still facing losses, and they might look to exit at breakeven levels, creating additional resistance. The next key hurdles above $5.25 are $5.38 and $6.72—both of which could prove difficult to breach without strong buying momentum.
4-Hour Chart Shows Encouraging Signs
On the lower timeframe, things are looking slightly more promising for bulls. Over the past five days, DOT has formed higher lows, signaling a shift in sentiment. The key level to watch remains $4.62—breaking above this point could flip the short-term trend bullish. If momentum sustains, DOT could climb by 13% to test the $5.25 resistance zone.
Breakout or Fakeout?
While the 4-hour chart hints at a bullish move, traders should remain cautious. DOT must decisively break above $4.62 to validate the bullish thesis. Without significant volume backing the move, any rally could be short-lived. Keep an eye on price action in the coming days, as this key resistance level will likely dictate the next big move for Polkadot.
