Polkadot ($DOT) is currently at a critical juncture as it hovers near a crucial support level after facing resistance. Analyst CryptoCapo highlights the importance of this support, as its sustainability could pave the way for upward movement towards resistance zones at $10-$11 and possibly $15-$17. These resistance levels carry significant weight in determining the future trajectory of the cryptocurrency.

The price history of Polkadot has been tumultuous yet promising, starting with a rapid surge in September 2020 that peaked in mid-2021. Subsequently, it entered a corrective phase marked by lower highs and lows, indicating a downtrend. However, stability was achieved around mid-2022, signaling the commencement of a recovery phase that persists to date.