Polkadot’s DOT Breaks Out: Rally Fuels Bullish Momentum as Upgrade Nears

Polkadot’s native token DOT surges past resistance—riding the broader crypto rally while eyeing a pivotal network upgrade. Traders pile in as technicals flip bullish, but skeptics whisper ’buy the rumor, sell the news’ behind their lattes.

The ’milestone’ upgrade promises scalability fixes—because what’s a blockchain without at least three rebranded solutions to the same problem? Meanwhile, DOT’s 24-hour volume spikes 40% as the crowd chases the next altcoin pump.

Will Polkadot’s tech finally overshadow its marketing? The charts say maybe. The fundamentals say ask again later. Hedge funds are already long—or shorting the inevitable pullback.

Polkadot price analysis

The three-day chart shows that the DOT price found strong support at $3.60, a level it has failed to move below since November 2023. It has formed a triple-bottom pattern, a popular bullish reversal pattern whose neckline is at $11.56. 

Polkadot price has formed a small inverse head and shoulders pattern. Also, its top oscillators, like the Relative Strength Index and the MACD indicators, have pointed upwards, a sign that it is gaining momentum.

Therefore, the DOT price will likely continue rising as bulls target the next key resistance level at $11.5, up by 126% from the current level. A drop below the support at $3.60 will invalidate the bullish outlook.