🚀 $DOT on a Bullish Breakout: Key Levels to Watch

Polkadot ($DOT ) has broken out of a key triangle pattern on the weekly chart, signaling a potential bullish move. Currently, the price is retesting this breakout zone, while maintaining a position above the critical weekly MA50, a significant indicator of strength. If the retest confirms a bounce, this could set the stage for a remarkable rally toward higher targets.

🎯 Potential Price Targets:

Should the momentum sustain, here are the key levels to monitor:

$8.719 – Initial resistance for a confirmed breakout.

$10.113 – A psychological barrier signaling growing bullish traction.

$11.889 – A strong mid-term target for traders.

$15.723 – A pivotal point marking long-term strength.

$23.246 – Significant growth in market sentiment.

$29.326 – A peak-level target in extended bullish scenarios.

📈 Strategic Insights:

At the current price of $6.67 (+0.92%), Polkadot shows promising momentum, and traders should keep an eye on how the retest unfolds. A successful bounce above the MA50 and breakout zone would likely fuel further upside. However, maintaining caution and proper risk management is key as the market remains dynamic.

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