#Polkadot (DOT) is gaining strong upward momentum on the daily chart, with recent price action signaling a potential breakout above key resistance levels. After steadily climbing from below $4.00 to over $5.00, DOT has now established a bullish structure supported by upward-sloping 9-day and 20-day exponential moving averages. These indicators confirm that short-term and medium-term trends are aligned in favor of buyers.

Momentum is further reinforced by a sharp MACD crossover, with the histogram expanding in the positive territory — a classic signal of increasing bullish strength. Meanwhile, the RSI has entered overbought territory, suggesting that buying pressure is intense, though traders may want to watch for signs of short-term exhaustion or minor pullbacks.

$DOT is currently testing resistance around $5.205–$5.227. A confirmed breakout could pave the way toward the next key level at $5.71. On the flip side, if the rally cools off, strong support is likely to be found at $4.769, with deeper cushions at $4.49 and $4.416.

For long traders, entries above $5.23 with confirmed volume may offer a high-reward opportunity, while short traders could watch for a rejection at resistance zones to play a retracement toward the lower support areas. With trend indicators pointing upward, #DOT appears poised for continuation — but traders should stay alert for volatility near major breakout levels.

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Read the full analysis: www.ecoinimist.com/2025/05/10/polkadot-build-bullish-momentum