🚀 Polkadot's on a roll, folks! It's zoomed towards a key resistance zone, right at the $6.4 mark. But, hold your horses! 🐎 This area might be packed with supply, possibly pausing our rocket's upward journey.

📈 Polkadot's daily chart shows a significant price jump from the $5.5 support, likely fueled by aggressive long positions. This hike has pushed the price towards a major resistance zone. A successful breakout here could mean a big shift in market sentiment.

🔍 The 4-hour chart gives us more clues. After hitting support near $5.5, Polkadot started a strong uptrend, forming higher highs and lows - a bullish sign. But, it's now reached a critical range. A breakout from this range will set the course for the next major trend.

📊 Sentiment analysis shows Polkadot has seen a surge in demand, leading to a significant rise. But for a sustained bullish trend, we need a big increase in Open Interest and funding rates.

So, what do you think? Will Polkadot break through the resistance or will we see a consolidation phase? Let's chat in the comments! 👇 #Polkadot #DeFi