📈 $DOT Eyeing $50: Here's the Technical Perspective

Polkadot (DOT/USDT) is building strong bullish momentum, with signals pointing towards a potential run-up to $50. Here’s why this rally might just be getting started:

🔍 Technical Analysis Highlights

1️⃣ Bollinger Bands:

Price is pushing the upper band, indicating strong momentum and a potential breakout.

2️⃣ MACD:

A bullish crossover has occurred, reflecting increasing buying pressure.

3️⃣ Volume Spike:

Rising trading volume supports sustained upward movement, reflecting strong investor confidence.

4️⃣ Support Levels:

Immediate support at $7.80 and a stronger base at $6.50, ensuring stability for further gains.

5️⃣ Historical Recovery:

DOT is rebounding from previous lows, showing the potential for a parabolic recovery in a bullish market environment.

📈 Key Levels to Watch

Resistance: $12, $20, $35

Target: $50 (mid-term)

💡 Why $50 Is Plausible:

DOT’s robust ecosystem and technical recovery align with its growing adoption in decentralized infrastructure, making $50 a realistic target in the coming bullish cycle.

📌 Disclaimer: This is not financial advice—please conduct your own research before investing. Always trade responsibly!