Polkadot Price Drops 14%, Poised for Major Breakout

Polkadot (DOT) recently dropped over 14%, hitting $4.04, amid rising geopolitical tensions. Despite the dip, Polkadot's on-chain activity shows positive signs, with daily active users up 25% and larger volumes being transferred.

Analysts suggest DOT may be nearing a breakout from its accumulation phase, with key resistance levels at $11.83 and higher. Some even predict DOT could reach $200 by 2025, drawing comparisons to Ethereum Classic's price cycle.

While this long-term target may be ambitious, Polkadot's strong fundamentals keep it on the radar for future growth.

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