$DOT Bulls Target $9 Resistance – Could Polkadot Reach New Heights?

Polkadot’s #DOT shows strong signs of bullish activity on the 1-hour chart, as reflected by consistent price advances and supportive moving average alignment. The 9 EMA remains above the 20 EMA, signaling a short-term bullish bias. However, the MACD reveals a slight decline in momentum, suggesting that traders should prepare for potential consolidation.

The RSI hovers in bullish territory but remains below extreme overbought conditions, indicating that the uptrend still has room to grow. Resistance at $9.02 will likely act as a critical barrier; a breakout here could confirm further bullish momentum. On the downside, support levels at $8.716 and $8.658 should be monitored for any signs of reversal.

For long trades, a confirmed breakout above $9.02 could present an attractive entry, targeting higher levels. Short traders may consider opportunities near resistance if bearish rejection patterns form, with the goal of capturing downside moves toward support. Risk management is essential, with stop-losses placed near key levels to protect positions.