Does the course soon increase over $ 10?

Does the course soon increase over $ 10?


Polkadot (DOT), the interoperable blockchain protocol, again attracts the attention of the cryptoma market after it has broken out from a ward pattern that was directed downwards. This movement, which is carried by strong technical momentum and multiple breaks in trend lines, has analysts speculated on a course of $ 10. It is even expected that the course could exceed this goal to achieve the next important price level.

Polkadot breaks out of falling wedge, support is tested again

Dot was in a bears of the bear for months. The falling wedge pattern, known for its potential for a bullish trend reversal, has formed since the end of 2024 and rejected every bullish movement with lower highs.

This situation has now changed. DOT has broken out for the first time over the upper line of resistance of the wedge. This development led to upward moment that catapulted the course on the psychological brand of $ 4.00. After a short horizontal support tests near $ 3.80, the token is now breaking through another long-established downward-down line.

This breaking out draws attention to the historical potential of this structure. Falling wedges, especially if they are confirmed by volume and trendlile convergence, often lead to rallies that can increase up to 50% or more. The chart analysis indicates a forecast movement of over 58%, which could bring Dot's course close to the $ 6.50 mark.

10 US dollar target: hope or technical reality?

The price target of $ 10 is not just speculation. It is a prior level of support and resistance that many dealers regarded as a way to another price increase. Based on the current price of around $ 4.25, this would correspond to growth of over 130%.

Momentum indicators underpin this perspective. The RSI has left the oversold areaand the volume increases because bulls are increasingly active. At the same time, macroeconomic developments such as improvements in parachain and the possibility of an ETF create a stronger fundamental basis for DOT.

Another important point is that Polkadot currently exceeds many old coins in terms of technical clarity. While others still remain in sideways movements, Dot clearly broke several downward trends. It could be the pioneer in an early phase of an old coin season.

While the initial outbreak is promising, traders consider the next few days to be decisive. Sustainable maintenance of $ 4.20–4.30 in connection with increasing volume will be essential to test the resistance near $ 5.00. A breakthrough would pave the way for a quick increase to $ 6.50, followed by technical magnetons at $ 8.00 and $ 10.00.

However, if it is not possible to stay above the current level, Polkadot could return to support areas, especially by $ 3.80. Even in this scenario, the technical structure for another bullish thrust in the coming weeks would remain intact.

The outbreak from the falling wedge and the strong trend lines of the Polkadot course indicate that Dot could finally break out of his long consolidation. The $ 10-goal appears increasingly realistic because the volume increases and the mood changes.

Read more: Bitcoin Cash climbs over $ 410: reasons for the climb and outlook



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Jayd Johnson

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