Polkadot ($DOT /USDT): Bulls Eye Next Target – $8.50!🔥💯
📊 Current Price: $7.58 (+13.16% in 24h)
The recent bullish breakout in DOT/USDT indicates strong upward momentum, with buyers pushing the price up by over 13% in the past day. After testing the $7.80 resistance zone, DOT is retracing slightly, presenting fresh opportunities for traders.
Key Levels to Watch
• Support Levels: $7.30 and $7.00 (Strong accumulation zones)
• Resistance Levels: $7.80 (minor) and $8.50 (next key target)
Trading Strategy
For Longs:
• Entry: $7.50–$7.60
• Target: $8.00 and $8.50
• Stop Loss: $7.30
For Shorts:
• Entry: $8.00–$8.20
• Target: $7.50
• Stop Loss: $8.60
Next Move
DOT is currently consolidating near $7.60, building momentum for its next leg up. If the price sustains above $7.50, expect a breakout toward $8.50. However, failure to hold this level could trigger a correction to $7.00.
💡 Pro Tip: Secure partial profits as DOT approaches $8.00 and trail your stop loss to lock in gains.