โจ ๐ฃ๐ผ๐น๐ธ๐ฎ๐ฑ๐ผ๐ ๐๐ถ๐ป๐ฎ๐น๐น๐ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ โ ๐ช๐ต๐ฎ๐โ๐ ๐ก๐ฒ๐ ๐ ๐๐ณ๐๐ฒ๐ฟ ๐ฅ๐ฒ๐ฐ๐น๐ฎ๐ถ๐บ๐ถ๐ป๐ด $๐ฐ?
โ Polkadotโs fresh move above $4
Polkadot (DOT) just broke a stubborn descending trendline, jumping to $4.18 today โ up over 6% in 24 hours. Daily trading volume also climbed to $342 million, showing real trader interest behind the move.
๐ฉ Why $4 matters
$4 isnโt just a number: itโs acted as a historical turning point for DOT since early 2023. Each time price pressed down to this green trendline, it bounced back with multi-week rallies. DOTโs market cap and fully diluted valuation (FDV) remain nearly equal at around $6.6 billion, which shows circulating supply isnโt being inflated fast a bullish signal for stability.
๐ Technical pattern:
DOT has formed a โdescending wedgeโ โ a pattern that often ends with a breakout upwards. Price tested and held above the $4 zone. Volume spiked, confirming traders believe in the move. โ As long as price closes weekly above $4, bulls stay in control.
๐ Whatโs next? Key levels to watch
If DOT keeps momentum:
Immediate target: $5.50 (near-term resistance)
Longer-term recovery points: $7.00, $10.60, and $11.20
If DOT fails and closes below the trendline:
Support to watch: around $3.80โ$4.00
๐ง In summary :
DOT broke above a big trendline โ bullish sign. Volume confirms itโs not a fake move. Staying above $4 weekly keeps the upside bias alive. โ Next big test: $5.50 zone.