🚀 DOT is about to explode as BTC dominance falls.
Bitcoin dominance has started to decline from its peak of 65% and is now around 61.6%, a clear sign that capital is beginning to rotate towards altcoins. This phenomenon often marks the beginning of an altseason, and Polkadot (DOT) is showing technical signs that it could be one of the major players.
🔍 Current price of DOT: ~$4.46
📈 24h Change: +6.9%
📊 Intraday Range: $4.10 – $4.61
🔧 Daily Technical Analysis (1D)
DOT is in a consolidation zone between $4.10 and $4.70. This lateral structure has contained the price for several days, and is now very close to the bullish breakout point.
📌 Key levels:
Support: $4.10 – $4.20
Critical Resistance: $4.70
First Target: $5.20 – $5.50
Medium Target: $6.00 – $7.00
📈 RSI: Neutral zone (50–55), with room to rise
📈 MACD: About to cross bullish
📈 Volume: Increasing, indicates accumulation
With a daily close above $4.70 and increasing volume, DOT could initiate an explosive move towards the $5.50 zone and even further if the altseason accelerates.
🔁 DOT has already shown strength in previous cycles. If BTC dominance continues to fall, DOT has the fundamentals and technical structure to capitalize on this rotation.
Conclusion: DOT is set to break its consolidation. Keep a close eye on the $4.70 zone. The moment for altcoins may be starting... and DOT wants to lead.
⚠️ This is not financial advice. Do your own research.