Polkadot (DOT) is forming a solid base and is now approaching a key resistance zone around $3.98. A clean breakout above this level could mark the start of a bullish reversal.
🔍 Technical Setup:
DOT is consolidating near resistance after a prolonged downtrend.
Breakout above $3.98 signals strength, possibly confirming a trend shift.
Volume spike and higher lows suggest accumulation.
🎯 Bullish Targets Post-Breakout:
TP1: $5.00 (psychological + structural level)
TP2: $10.00 (mid-range consolidation zone)
TP3: $15.00 (macro resistance, potential long-term play)
🛡️ Support to watch on pullbacks: $3.50–$3.60 zone.
Bias: Bullish above $3.98
Invalidation: Close below $3.50 with volume
Keep an eye on the breakout confirmation with volume and candle structure. DOT might be gearing up for a larger move if the market sentiment aligns.