Polkadot (DOT) is showing bullish momentum as it approaches a key resistance level. Analyst GodstarPL predicts a potential price rise to $4.75 if the $3.80 level is maintained.
Support and Resistance in Focus
The bullish outlook is reinforced by the identification of $3.55 as a strong support level, which may serve as a foundation for a potential rally. However, dropping below $3.55 could temporarily slow bullish momentum.
From Consolidation to Growth
GodstarPL emphasizes that Polkadot is not merely consolidating; it shows signs of strength and is preparing for expansion. "DOT is not just surviving the market - it's building for expansion," the analyst added, pointing to improving momentum and bullish technical alignment.
What's Next for DOT?
Market participants will closely watch Polkadot's performance around the critical $3.80 level in the upcoming days. A confirmed close above this line could attract more buyers and signal the start of a new rally.
While risks remain, such as potential pullbacks if $3.55 fails to hold, the overall setup remains favorable for bullish continuation. The combination of strong support, rising volume, and tight price range are typical ingredients for breakout scenarios.
