$DOT
$DOT/USDT – Polkadot: Gearing Up for a Move Above $4?
Current Price: $3.717 USD
24H Range: Low $3.69 – High $3.97
Market Cap: $5.82 Billion
24H Trading Volume: $135 Million
Category: Layer 0 Blockchain | Interoperability Platform
Market Structure:
Support Zone: $3.50 holding strong
Resistance Levels: $4.00 and $4.50 are key hurdles
Trend Analysis: Consolidation continues within a tight $3.60–$4.00 range, showing signs of potential breakout.
Price Action Insight:
DOT has seen a healthy retracement, currently trading near a crucial support area.
Sideways movement and volume drop suggest accumulation.
A push above $4.00 with strong volume could ignite bullish momentum.
Trade Setup:
Entry Zone: $3.65 – $3.75
Target 1: $4.00
Target 2: $4.50
Stop Loss: $3.45
Why This Setup Matters:
Polkadot remains a key project in the Web3 space. Its ability to connect multiple blockchains keeps long-term potential alive, and price compression near support could lead to explosive upside.
Pro Tip:
Watch for a decisive breakout above $4.00 with volume confirmation. Pair this with macro sentiment (especially Bitcoin’s trend) for better conviction.
Polkadot could be coiling for a move—are you ready?
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