In a recent market update, CryptonautX pointed out that Polkadot (DOT) is gaining notable bullish momentum as the new week begins. The analyst emphasized that DOT is not only showing strength in its price action but is also forming a well-defined breakout structure, signaling the potential for further upside. With momentum building and technical indicators aligning, DOT appears to be positioning for a strong move in the days ahead.
Polkadot Gears Up For Potential Continuation Rally
According to CryptonautX, Polkadot has broken out of its recent consolidation phase with a powerful upward push. This breakout reflects renewed market confidence and strength, as DOT gains momentum and challenges previous resistance levels that once halted its progress.
In addition, the market structure is steadily shifting in favor of the bulls, highlighted by a series of higher lows and solid daily candle formations. These technical signals suggest that buying pressure is steadily building, laying the groundwork for sustained upside movement if key levels are breached.
As the new week unfolds, Polkadot is set to retest critical zones that could serve as launch points for continued bullish action. A successful hold or break above these areas may confirm the strength of the current trend and pave the way for higher targets in the near term.
CryptonautX also noted that the rejection zones that previously capped DOT’s price are now being tested again, and this time with increased volume and greater conviction from buyers. This shift in sentiment and market activity indicates that bulls are gaining control, and DOT may be preparing for a strong continuation rally.
DOT On Watch: Will Momentum Drive The Next Big Move?
Furthermore, CryptonautX has declared that, if the current momentum holds, Polkadot could enter a fresh phase of accumulation followed by a strong expansion. The recent price action suggests that DOT is building the foundation for a more sustained rally, provided buyers maintain control in the coming sessions.
Adding to this bullish outlook is the continued strength of Polkadot’s ecosystem. CryptonautX highlighted that growing developer activity and fundamental progress within the network are reinforcing the technical setup, offering solid backing for a potential upward move.
With both technical and fundamental factors aligning, the analyst urged traders to keep a close eye on DOT this week. A sharp and unexpected move to the upside could be on the horizon, potentially catching the market off guard.
At the time of writing, DOT is trading at $3.62, with a market capitalization exceeding $5.8 billion and a 24-hour trading volume of over $185.4 million. DOT’s price has increased by 1.82% within the same time frame.
