Polkadot Maintains Support at $3.74, Potential Breakout at $3.87 Could Pave Way for $0.45 Reach

In the world of cryptocurrency, Polkadot (DOT) has been a point of interest for many investors recently, with the digital asset repeatedly testing the resistance at $3.87. This resistance level has established a horizontal barrier, limiting gains for Polkadot but also providing a solid foundation for further growth.

At the time of writing, DOT is trading at 0.00003522 BTC and 0.0008576 ETH. Despite the consolidation over the past 24 hours, the focus remains on the breakdown of this resistance as the key driver of further momentum.

The long-term support for Polkadot is at $3.74, and underpinning stability at this level ensures that pullbacks remain in check. This solid foundation could potentially lead to a sharp move higher, with a successful breakout of the $3.87 resistance potentially targeting $0.45.

However, concerns about market manipulation persist in the Polkadot market. While there is no public information naming a specific person or organization responsible for the highest volume of manipulation in recent days, regulatory bodies like the SEC remain cautious due to risks of manipulation in crypto products involving Polkadot. No confirmed manipulations by specific entities have been documented recently.

The three-day candlestick patterns indicate a tight range for Polkadot, suggesting traders are accumulating. Observers are closely monitoring whether DOT can surpass the resistance at $3.87. If it does, we can expect to observe a series of higher highs supported by the consolidation base.

Traders are also keeping an eye on volume and price movements to confirm the extension of the trend. The consolidation ahead of a potential upward move suggests accumulation in the Polkadot market, and if DOT breaks the resistance, it could potentially rally toward $0.45 in the USDT pairing.

It's important to note that DOT's strength primarily lies in the USDT market, with no gains from the BTC and ETH pairs. Continual observation of the 24-hour trading range and resistance activity will continue to be essential to understanding market dynamics. The coming days are set to be exciting for Polkadot investors, as the focus shifts to the breakdown of resistance as the key driver of further momentum.

Polkadot Maintains Support at $3.74, Potential Breakout at $3.87 Could Pave Way for $0.45 Reach