bullish

Movement

Polkadot

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Ethena

<p>Crypto analyst Ali Charts maintains a bullish stance on <a href="https://captainaltcoin.com/polkadot-dot-price-could-rally-to-an-all-time-high-if-this-important-support-holds/" target="_blank" rel="noopener noreferrer nofollow">Polkadot (DOT)</a> as the token breaks above $10. The analyst’s technical analysis suggests DOT could reach $11 before a temporary pullback, setting the stage for a larger upward move to $22.&nbsp;</p>
<p>DOT has gained over 22% in the past week, trading at $10.29 as at publication.</p>
<h2 class="wp-block-heading" id="strong-dot-s-analysis-shows-strong-breakout-strong"><strong>DOT’s Analysis Shows Strong Breakout</strong></h2>
<p>The latest chart analysis from Ali Charts reveals DOT’s emergence from a prolonged downtrend that began in 2022.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="751" src="https://captainaltcoin.com/wp-content/uploads/2024/12/Gd01nzuXcAAFLcs-1024x751.jpeg" alt="" class="wp-image-591835" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/Gd01nzuXcAAFLcs-1024x751.jpeg 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd01nzuXcAAFLcs-300x220.jpeg 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd01nzuXcAAFLcs-768x563.jpeg 768w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd01nzuXcAAFLcs-1536x1126.jpeg 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd01nzuXcAAFLcs-2048x1502.jpeg 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd01nzuXcAAFLcs-205x150.jpeg 205w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd01nzuXcAAFLcs-100x73.jpeg 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd01nzuXcAAFLcs-477x350.jpeg 477w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd01nzuXcAAFLcs-788x577.jpeg 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd01nzuXcAAFLcs.jpeg 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Source: </em></strong><a href="https://x.com/ali_charts/status/1863804856701747231" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Ali Charts</em></strong></a>
 </figcaption>
</figure>
<p>The token has formed a solid base above the $3.5-$4 range, which served as major support through late 2023. DOT’s price action shows a clean break above the $8.5-$9.5 resistance zone, marking the first breach of 2023’s peak levels.</p>
<p>Multiple support levels have established around $6-$6.5 during the recovery phase. These levels could act as buffers against any sharp declines. The breakout above $9.5 validates the shift in market structure, suggesting sustained buying pressure.</p>
<h2 class="wp-block-heading" id="strong-trading-volume-confirms-upward-movement-strong"><strong>Trading Volume Confirms Upward Movement</strong></h2>
<p>Data from CoinGecko shows DOT’s 24-hour<a href="https://www.coingecko.com/en/coins/polkadot" target="_blank" rel="noopener noreferrer nofollow"> trading volume has reached $2.3 billion</a>. The substantial volume accompanies a 13.84% price increase over the past day.&nbsp;</p>
<p>Moreover, this surge in trading activity backs the technical breakout observed on the charts.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/is-ena-set-to-climb-higher-ethena-price-analysis-revealed/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Is ENA Set to Climb Higher? Ethena Price Analysis Revealed</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-three-phase-movement-projected-strong"><strong>Three-Phase Movement Projected</strong></h2>
<p>Ali Charts outlines a three-phase movement for <a href="https://www.binance.com/fr-AF/square/post/17050004749321" target="_blank" rel="noopener noreferrer nofollow">DOT’s price trajectory</a>. The first phase targets the $10-$11 range, which DOT has now entered. A retracement to $7.5 marks the second phase, potentially offering buyers another entry point.&nbsp;</p>
<p>The final phase projects a move toward $22, aligning with mid-2022 resistance levels.</p>
<p>The TD Sequential indicator on the chart displays completion signals, suggesting a potential consolidation period before the next directional move. These technical patterns support the analyst’s projected path for DOT’s price development.</p>
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<p>The post <a href="https://captainaltcoin.com/experts-polkadot-dot-price-prediction-remains-intact-charts-path-beyond-11/" rel="noopener noreferrer nofollow">Expert’s Polkadot (DOT) Price Prediction Remains Intact, Charts Path Beyond $11</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert’s Polkadot (DOT) Price Prediction Remains Intact, Charts Path Beyond $11

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