Polkadot (DOT) has risen by +9% after breaking out of the descending channel, as expected. The price is now facing a key horizontal resistance zone. A break above this resistance with a successful retest will confirm the continuation of the upward trend. Conversely, rejection at this level could lead to a short-term correction. Monitoring the daily close above the current resistance zone is crucial to determining the next direction. Do not rush into entering until the picture becomes clearer.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$DOT
Polkadot (DOT) has risen by +9% after breaking out of the descending channel, as expected.
The price is now facing a key horizontal resistance zone.
A break above this resistance with a successful retest will confirm the continuation of the upward trend.
Conversely, rejection at this level could lead to a short-term correction.
Monitoring the daily close above the current resistance zone is crucial to determining the next direction. Do not rush into entering until the picture becomes clearer.