World

Polkadot

<p>Polkadot is showing strong signs of recovery following its extended downtrend. Prominent analyst World of Charts shared insights on X (formerly Twitter) about the cryptocurrency’s price movements, highlighting its recent correction after a rally and projecting further upside potential. According to the analysis, <a href="https://captainaltcoin.com/polkadot-dot-price-to-resume-2x-rally-when-price-reclaims-this-level-again/" target="_blank" rel="noopener noreferrer nofollow">DOT’s price</a> may be preparing for another stable rally, potentially pushing it toward the $30 mark.</p>
<p>The analysis follows Polkadot’s successful breakout from a multi-year bearish trend and a subsequent retest, signaling a bullish setup.</p>
<h2 class="wp-block-heading" id="dot-chart-analysis-breakout-from-multi-year-downtrend">DOT Chart Analysis: Breakout From Multi-Year Downtrend</h2>
<p>Polkadot’s price peaked in late 2021, reaching all-time highs near $55 before entering a prolonged bearish phase. A descending trendline formed, containing DOT’s price within a steady downtrend for nearly two years. During this period, the asset repeatedly tested lower support zones, eventually bottoming out around the $4–5 range by mid-2023.</p>
<p>From this bottom, <a href="https://captainaltcoin.com/analyst-says-polkadot-is-growing-fast-predicts-dot-price-surge-to-50/" target="_blank" rel="noopener noreferrer nofollow">Polkadot’s price</a> rallied over 150%, breaking through the descending channel. This breakout indicates a potential shift in market sentiment. The price recently retested this breakout zone, a critical step that often confirms the strength of bullish momentum. Analysts view this retest as a sign of stability before further upward movement.</p>
<h2 class="wp-block-heading" id="key-support-and-resistance-levels">Key Support and Resistance Levels</h2>
<p>The chart identifies a robust support zone in the $4–5 range, where DOT established its price floor. This level served as a strong accumulation area during the downtrend. On the upside, resistance currently lies in the $7–9 range, where the price is consolidating after its sharp recovery.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="581" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-746-1024x581.png" alt="" class="wp-image-600620" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-746-1024x581.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-746-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-746-767x435.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-746-1536x871.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-746-2048x1161.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-746-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-746-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-746-617x350.png 617w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-746-788x446.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-746.png 679w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/WorldOfCharts1/status/1868569343526891880" target="_blank" rel="noopener noreferrer nofollow">X/WorldOfCharts</a></em></strong>
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<p>A breakout above this resistance zone could trigger further gains, with intermediate targets in the $12–14 range. Analysts believe this zone aligns with historical price reactions and may provide insight into Polkadot’s next move. If momentum continues, Polkadot could reach $30, as forecasted in the tweet.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/pepe-unchained-crashes-70-these-2-meme-coins-are-a-better-buy-for-2025/" target="_blank" rel="noopener noreferrer nofollow">Pepe Unchained Crashes 70% – These 2 Meme Coins Are a Better Buy For 2025</a></em></strong></p>
<h2 class="wp-block-heading" id="bullish-momentum-and-market-outlook">Bullish Momentum and Market Outlook</h2>
<p>The chart analysis also reveals a curved trendline, suggesting that Polkadot’s price may be entering a parabolic uptrend. This pattern often indicates accelerating bullish momentum, aligning with the analyst’s $30 projection. While the price is currently correcting within a stable range, a decisive move above the $9 mark would confirm renewed buying interest and initiate the next rally phase.</p>
<p>Market watchers remain focused on whether <a href="https://coinmarketcap.com/currencies/polkadot-new/" target="_blank" rel="noopener noreferrer nofollow">Polkadot’s price</a> can sustain this momentum and build on its recent breakout. The successful retest and bullish price action could provide a foundation for the next major rally, as suggested by World of Charts.</p>
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<p>The post <a href="https://captainaltcoin.com/market-analyst-eyes-30-as-the-next-target-for-polkadot-dot-price-after-successful-retest-heres-why/" rel="noopener noreferrer nofollow">Market Analyst Eyes $30 as the Next Target for Polkadot (DOT) Price After Successful Retest – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Market Analyst Eyes $30 as the Next Target for Polkadot (DOT) Price After Successful Retest – Here’s Why

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