$DOT
Testing Resistance – Is a Breakout Coming?
Polkadot ($DOT) is showing signs of strength, currently trading around $4.96 with a +3.72% gain. It’s now eyeing the 24-hour high of $4.977 as momentum builds.
On the 15-minute chart, DOT is consistently forming higher lows with strong bullish candles — a classic sign that buyers are stepping in with conviction. The bounce from the $4.612 support zone has clearly shifted the short-term trend in favor of the bulls.
Now, all eyes are on the psychological resistance at $5.00. A clean breakout above this level could open the door to further upside in the near term.
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Trade Setup:
Entry: $4.95–$4.97
Target 1 (TP1): $5.05
Target 2 (TP2): $5.18
Target 3 (TP3): $5.35
Stop Loss (SL): $4.88
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