Polkadot has begun to show bullish momentum as the MACD histogram turns positive, signaling a potential breakout. The price has broken above the Bollinger upper band resistance, reinforcing upside pressure. DOT has reclaimed the 50-day SMA at $2.13, signaling developing bullish momentum.
Analysts project a near-term target of about $2.30-$2.40 within the next week, followed by a medium-term target of $2.75-$3.30 in the coming weeks. A break above the immediate resistance at $2.22 is viewed as a key trigger for the continuation of the rally, with further resistance around $2.95 and $3.30.
Bearish risks include failing to hold above $2.13, which could expose DOT to tests near the $1.85 level where the 20-day SMA provides support. Other risk factors include broader crypto market weakness or regulatory concerns affecting parachain projects.
From a tactical standpoint, the report suggests a cautious entry near current levels with a stop-loss below $1.95 to limit downside risk and maintain a favorable risk-reward. Traders were advised to allocate about 2-3% of total portfolio value to this setup.
Polkadot is showing early bullish momentum as the MACD histogram turns positive and price breaks above the Bollinger upper band, underscoring upside pressure. The breakout adds credibility to the ongoing rally and highlights the strength behind DOT’s recent price action.
DOT has reclaimed the 50-day SMA at $2.13, signaling developing bullish momentum. Analysts project near-term targets around $2.30-$2.40 in the next week, followed by a medium-term target of $2.75-$3.30 in the coming weeks. A break above the immediate resistance at $2.22 is viewed as a key trigger for the continuation of the rally, with further resistance around $2.95 and $3.30.
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