Polkadot (DOT) is gaining bullish traction as it approaches a key resistance level, with crypto analyst GodstarPL pointing to a possible breakout that could see the token climb toward $4.75. The analysis, shared via the X platform (formerly Twitter), highlights bullish signals forming on the 4-hour Heikin Ashi chart, raising expectations for a notable price move.
According to the analyst, DOT’s price is tightening within a narrowing range while trading volume continues to rise, a classic setup that often precedes a significant breakout. The current momentum appears to favor the bulls, but confirmation will depend on the asset closing above the $3.80 level
Support and Resistance in Focus
The bullish narrative is further supported by the identification of $3.55 as a strong support level. This level acts as a safety net for bulls. If DOT maintains this support, it could provide the base needed for a rally. However, a drop below $3.55 may temporarily delay bullish momentum and lead to sideways consolidation.
From Consolidation to Growth
GodstarPL emphasized that Polkadot isn’t merely consolidating; it’s showing signs of strength and preparing for a larger upside move. “DOT is not just surviving the market—it’s building for expansion,” the analyst added, pointing to improving momentum and bullish technical alignment.
What’s Next for DOT?
Market participants will closely watch how Polkadot performs near the critical $3.80 level in the coming sessions. A confirmed close above this line could attract more buyers and confirm the beginning of a new rally.
While risks remain, including possible pullbacks if $3.55 fails to hold, the overall setup remains favorable for bullish continuation. The combination of strong support, rising volume, and a tight price range is all ingredients typically associated with breakout scenarios.
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