Polkadot (DOT) has reclaimed the $4.60 resistance level after breaking a long-term descending trendline, signaling bullish momentum with potential breakout targets at $8 and $12.
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DOT breaks a key resistance at $4.60, aiming for $8 and $12 on sustained momentum.
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Technical indicators like RSI at 55.92 and MACD above the signal line indicate room for further gains.
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On-chain data shows increased accumulation, with a long/short ratio of 1.06 reflecting cautious optimism among traders.
Polkadot (DOT) breaks $4.60 resistance with bullish momentum; targets $8 and $12. Discover key technical and on-chain insights driving this rally.
How Did Polkadot (DOT) Break the Long-Term Trendline?
Polkadot (DOT) broke a significant descending trendline and reclaimed the $4.60 horizontal resistance, a level that had capped gains since early 2025. This breakout is supported by a 32% price increase over the past 10 days, driven by protocol upgrades and growing market interest. The daily close above $4.60 is critical to confirm this bullish shift.
What Do Technical Indicators Suggest About DOT’s Momentum?
The Relative Strength Index (RSI) at 55.92 indicates neutral but positive momentum, while the Moving Average Convergence Divergence (MACD) remains above its signal line, signaling sustained buying pressure. DOT is trading above its 20-day and 50-day moving averages, though it remains below the 200-day average, suggesting room for further upside if momentum continues.
Polkadot (DOT) reclaims $4.60 after breaking a long-term trendline, with $8 and $12 targets in sight as bullish momentum builds.
- DOT reclaims $4.60 after breaking trendline, with $8 and $12 as potential breakout targets.
- RSI at 55.92 and MACD above the signal line show room for continued bullish momentum.
- On-chain data shows accumulation, while long/short ratio at 1.06 reflects cautious bullish sentiment.
Polkadot (DOT) is consolidating near the $4.60 mark, a resistance zone that has rejected price action for months. The asset has gained over 32% in the last 10 days, supported by protocol upgrades and increased market activity. At the time of writing, DOT traded at $4.60 with a market cap of $6.66 billion.
DOT Breaks Trendline as Bulls Target Higher Levels
Based on recent chart observations by Crypto Patel, DOT has flipped a long-term descending trendline and reclaimed horizontal resistance near $4.60. This level has historically capped upward movement since early 2025.
Polkadot is at $4.60 – breakout or last chance to buy? $DOT Price is consolidating just below $4.60 major resistance that’s been rejecting for months.
🔹 Break above = breakout from the macro descending channel
🔹 Targets: $8 and $12 if momentum confirms
🔹 Rejection = likely… pic.twitter.com/dvXCjnEyQG
— Crypto Patel (@CryptoPatel) July 27, 2025
A daily close above $4.60 could confirm a breakout, with potential price targets set at $8 and $12, if volume and momentum sustain. Technical indicators are mixed but show strength. DOT trades above its 20-day and 50-day moving averages, though still below the 200-day.
The RSI sits in neutral territory at 55.92, suggesting there is room for further upside. The MACD remains above the signal line, and the asset is holding above its pivot level of $4.15. According to AlphaCryptoSignal, “DOT has broken the resistance and is now holding above it, showing bullish strength on the chart.”
Network Upgrades and On-Chain Activity Boost Outlook
Polkadot’s recent upgrades, including Elastic Scaling and the upcoming JAM protocol, have driven attention back to the network. These updates are designed to enhance throughput and decentralization.
Founder Gavin Wood introduced a Proof-of-Personhood concept at the Berlin Web3 Summit, reinforcing long-term development focus. On-chain data also shows rising wallet activity and steady exchange outflows, suggesting accumulation.
According to CoinGlass, the DOT long/short ratio stands at 1.06, reflecting a cautiously bullish outlook among traders. If DOT holds above $4.60, traders will be watching for a push toward $5.00, with $3.30–$2.60 acting as the next demand zone if rejected.
| Metric | Value | Comparison |
|---|---|---|
| RSI | 55.92 | Neutral with upside potential |
| MACD | Above signal line | Indicates bullish momentum |
| Long/Short Ratio | 1.06 | Cautious bullish sentiment |
What Is Driving Polkadot’s Recent Price Surge?
Polkadot’s recent price surge is driven by breaking a long-term resistance at $4.60, supported by network upgrades and increased on-chain activity. Protocol improvements like Elastic Scaling and the JAM protocol enhance scalability and decentralization, attracting renewed investor interest.
How Does On-Chain Data Reflect Market Sentiment for DOT?
On-chain metrics show rising wallet activity and steady outflows from exchanges, indicating accumulation by investors. The long/short ratio of 1.06 suggests traders are cautiously optimistic, balancing bullish bets with risk management.
Frequently Asked Questions
What are the key price targets for Polkadot after breaking $4.60?
Polkadot aims for $8 and $12 as next resistance levels, contingent on sustained volume and momentum above $4.60.
Why is the long/short ratio important for DOT traders?
The long/short ratio of 1.06 indicates cautious bullish sentiment, showing that traders are optimistic but managing risk carefully.
Key Takeaways
- Trendline Breakout: DOT broke a key descending trendline, reclaiming $4.60 resistance.
- Technical Strength: RSI and MACD indicators support continued bullish momentum.
- On-Chain Support: Rising wallet activity and a cautious long/short ratio reflect accumulation.
Conclusion
Polkadot’s breakout above $4.60 marks a pivotal moment, supported by strong technical indicators and network upgrades. With targets at $8 and $12, DOT’s outlook remains bullish, contingent on sustained momentum and market participation. Investors should watch key levels closely as the network’s development advances.
