Polkadot ($DOT ) has shown fresh strength, crossing the $4 psychological level with a +2.30% intraday gain. The 30-minute chart reflects growing momentum as DOT bounced from a low of $3.893 and tested a local high at $4.037.
🔑 Key Observations from the Chart:
1. Short-Term Strength:
DOT is trading at $4.011, slightly above its 25 MA ($3.973) and 99 MA ($3.945).
This shows a bullish crossover, suggesting buyers are regaining control.
2. Volume Confirmation:
The recent breakout was backed by increased trading volume, giving strength to the uptrend.
3. Support & Resistance Levels:
Support: $3.95 – $3.89 zone (buyers defended this range earlier).
Resistance: Immediate hurdle lies near $4.05 – $4.10. A clean breakout could push DOT towards $4.20 – $4.30.
4. Trend Outlook:
If DOT maintains above the 7-day MA ($4.015), bullish momentum may extend.
A failure to hold $4.00 could trigger a retest of $3.95 support.
⚡ Market Sentiment:
Polkadot’s recovery above $4 signals renewed confidence among traders. With Layer 1 projects gaining fresh attention in the crypto space, DOT could be setting up for a short-term rally—especially if Bitcoin maintains stability.
👉 Traders should watch $4.05 resistance closely. A breakout could unlock the next leg higher, while rejection may bring consolidation back toward $3.95.
