DOT Price: $4.305 | Change: +2.06%
DOTUSDT Perpetual: $4.30 | Change: +1.99%
Technical Breakdown:
Polkadot (DOT) is showing a consistent long-term technical pattern that suggests a breakout may be on the horizon. On the weekly timeframe, DOTUSDT is displaying a multi-phase triangular structure, anchored around a key support level at $3.565.
Key Technical Insights:
Strong Support at $3.565
This price level has historically attracted strong buying interest, having been tested four times:
October 16, 2023
November 4, 2024
April 7, 2025
Most recently in late April 2025 (with a brief dip below triggering buy-side liquidity).
Triangular Channel Formation
DOT has formed triangular consolidation patterns after each bounce:
Triangle 1: Oct 2023 – Mar 2024
Triangle 2: Nov 2024 – Feb 2025
Triangle 3 (Current): Now unfolding, mirroring prior structures
Resistance Target: $11.705
This level acted as a price ceiling during previous cycles and is the likely target if the current pattern resolves bullishly.
Trade Outlook:
Entry Zone: Around $4.326 (near current levels and confirmed support)
Stop Loss: $3.293 (just under the support to avoid fakeouts)
Take Profit: $11.705 (historical resistance)
Risk/Reward Summary:
Potential Upside: +140.57%
Downside Risk: -23.88%
Risk/Reward Ratio: ~1:6
This makes it a compelling swing trade setup for traders with medium-term outlooks.
Final Thoughts by NoriFtm:
The historical resilience of the $3.565 level combined with a repeating triangle pattern makes the current DOT setup especially promising. With bullish momentum rebuilding, traders watching Polkadot may soon see a breakout targeting the $11.70 region.
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