Polkadot (DOT) has recently broken through a multi-week resistance level, marked by a bullish engulfing candle on the price chart. This technical development suggests a potential trend reversal for the cryptocurrency. The key level to watch is $3.75; if DOT can maintain its position above this price point, it could signal a bullish momentum targeting $7.00. This price movement indicates a significant shift in market sentiment, as DOT has historically struggled to surpass this resistance level. The breakout, if sustained, could attract more buyers and potentially drive the price towards the $7.00 target.
After several weeks of compression under a historical resistance, Polkadot (DOT) has finally breached the key ceiling with strong momentum. The breakout is developing on the weekly timeframe, adding to its potential significance. At the core of this move is the $3.75 level, a crucial zone that previously acted as resistance and is now…
