Polkadot (DOT) Locked in a 5-Year Price Range — Is a Breakout Finally Near?
Polkadot (DOT) has been stuck in a long-term price range, but that could be about to change. According to a recent analysis shared by crypto strategist Çağnur Cessur on X (formerly Twitter), DOT has spent nearly five years bouncing between key horizontal support and resistance levels, forming a large channel on the monthly timeframe.
This range — defined between a lower boundary near $4 and an upper ceiling close to $12 — has acted as a tight box, trapping Polkadot’s price action since its early days. A breakout beyond this well-respected range, particularly if backed by strong volume, could signal the beginning of a major trend shift — whether that means a bullish breakout or a move toward deeper support.
A Closer Look at the Price Structure
Cessur highlights that DOT has also been following a larger green descending channel, which has served as a macro downtrend for nearly four years. This channel has capped most bullish attempts, acting as dynamic resistance and guiding the broader bearish structure.
However, a key technical development has recently taken place: on the weekly chart, DOT has broken out of a smaller red falling channel to the upside. This breakout, while still early, is being seen as a sign of bullish momentum brewing under the surface.
What This Could Mean for DOT
If Polkadot can maintain momentum and push above the upper boundary of its long-term channel — especially with increasing volume — it may finally escape its multi-year consolidation phase. That could open the door to a new bullish cycle.
Final Thoughts
While it’s too early to declare a confirmed breakout, recent price action suggests DOT could be gearing up for a significant move. With a strong breakout from the falling weekly channel already in place and the long-term range nearing its limits, Polkadot is one altcoin to keep a close eye on in the coming months.