🎯 DOT Price Prediction: Will Bulls Push It to $12 Next? 🚀

$DOT Polkadot (DOT) is currently trading at approximately $5.055. The chart indicates that DOT is approaching a significant support zone within a falling wedge pattern. If this support holds, there's potential for a bounce towards $7.988, $10.060, and $12.327.

🔑Key Support Levels:

$4.427 (Pivot)

$4.174 (S1)

$3.958 (S2)

🔑Key Resistance Levels:

$5.083 (R1)

$5.112 (R3)

$5.328 (R4)

The recent push to $5.083 indicates strong buying interest, suggesting that bulls are eyeing higher levels. If DOT manages to break above the $5.083 resistance, it could target $5.328 and beyond. Conversely, if it falls below the $4.427 support, a dip towards $4.174 is possible.

In the short term, a potential long entry could be considered at $6.271 (above the flagpole), with a target of $6.350 and a stop loss at $5.560. The overall market sentiment appears bullish due to the flag pattern formation and strong upward momentum.

*Please note that this analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.*

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