$DOT

Analysis: DOT USDT

The price of $DOT is approaching a major support level, indicating a potential breakout. The four-hour chart shows a forming bullish trend that could spark a strong rise. This consolidation phase may be the calm before an upward movement if it gains enough momentum.

Price Targets:

If the Polkadot price gains momentum, watch for an initial target around $4.00. If the upward momentum continues, the next target could be $5.60, indicating a potential increase of 50% from current levels. Keep an eye on these areas for any potential movements!