Polkadot (DOT) achieved a +9% rise after breaking through the descending channel as expected.
The price is now facing a key horizontal resistance zone.
A successful breakout and retest above this resistance will confirm the continuation of the upward trend, while rejection at this level could lead to a short-term correction.
Monitoring the daily close above the current resistance area is crucial to determine the next direction. Do not rush into entering until the outlook becomes clearer.
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Elaouzi Analysis of $DOT Price Movement:
Polkadot (DOT) achieved a +9% rise after breaking through the descending channel as expected.
The price is now facing a key horizontal resistance zone.
A successful breakout and retest above this resistance will confirm the continuation of the upward trend,
while rejection at this level could lead to a short-term correction.
Monitoring the daily close above the current resistance area is crucial to determine the next direction. Do not rush into entering until the outlook becomes clearer.
$DOT
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