Polkadot (DOT) Preparing to Surpass Resistance, Is it Time to Buy?

Updated

April 24, 2025

Gambar Polkadot (DOT) Preparing to Surpass Resistance, Is it Time to Buy?

Jakarta, Pintu News – Polkadot is currently showing bullish signs on the shorter time chart and seems to be preparing to break the local resistance level of $4.2. Bitcoin is also trading above the $92,000 level, which adds to the bullish confidence among altcoins. Recent analysis suggests that the $3.8 level is key to convert into support, and this has been successfully done by the DOT bulls.

Bearish structure persists, but hope is still there

The bearish swing structure on the Polkadot (DOT) 1-day chart is still visible, with the high at $4.76 to be crossed to turn the structure bullish. Meanwhile, the $4.18 and $4.44 levels are the crucial immediate resistances.

The flat A/D indicator over the last month shows that buying pressure is still weak, which could be an indication that the bulls are not ready to start an uptrend. The Extraordinary Oscillator is still below the zero line, signaling that momentum is not yet in bullish favor on this timeframe.

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Bullish Momentum is More Evident on Shorter Timeframes

On the shorter timeframe, Polka Dot (DOT)’s bullish momentum appears more evident. The price has set a series of higher highs and higher lows over the past two weeks, forming a bullish structure.

DMI also shows a strong uptrend is underway, with an increase in A/D indicating greater demand for Polka Dot (DOT). However, the liquidation map highlights the risks of entering long positions at the moment. The $4-$4.18 and $4.3-$4.4 areas are magnetic zones for prices that could pull DOT higher, but also potentially cause a bearish reversal.

Trading Strategy: Take Profit and Wait for Confirmation

With the 1-day structure not yet bullish, traders who have long positions may consider taking profits at the $4.18 and $4.44 resistance levels. A spike beyond these two levels, and a retest of $4.44 or $4.76 as support, could be used to enter long for the next upside move. This would provide further confirmation that Polkadot (DOT) is ready to resume its uptrend.

Buying Opportunities Amid Uncertainty

Although there is uncertainty in the current market structure, Polkadot (DOT) offers some attractive entry points for traders looking for opportunities in volatility. By monitoring technical indicators and market structure, investors can navigate this market with a more informed and potentially profitable strategy.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.