Will Polkadot See Bullish Breakout Above $4.85 Despite Current Lows?
By: cryptosheadlines|2025/05/04 21:45:01
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Polkadot (DOT) has had a good week, trading in the green and reaching beyond $4.33. The coin was trading within a range and is now approaching a key resistance level near $4.85. This comes as optimism increases across the cryptocurrency market following rising odds of a spot crypto ETF approval in 2025.Polkadot Moves Within a Clear Range as Bulls Watch $4.85 LevelMarket analyst AltCryptoTalk states that DOT maintains steady trading between $4 and $10. The current market charts display the important breakout point at $4.85 with a highlighted red color. The market signal for a bearish trend to shift toward bullish would appear when prices surpass $4.85.Source| XThe current market value of DOT stands at $3.97, still below the key breakout level of $4.85. The Polkadot has not reached $4.85 yet, but technical analyzes point toward developing bullish market sentiment. Strong trading volumes combined with price breaks above $4.85 would signal the start of an upward trend shift. Support exists around $4.0,0, while its resistance point stands at $10.00 on its price chart.Falling Wedge Breakout Hints at a Possible Trend ReversalThe falling wedge pattern developed between late January and mid-April 2025 eventually broke upward during mid-April. Market participants view this pattern as bullish reversal indicator when accompanied by successful price breakouts. DOT rose above $4.00 after breaking out before it entered a consolidation stage. That said, the coin broke support and was trading slightly below at $3.97 Technical indicators show that DOT is holding above $4.00 with a potential target of $6 if the current bullish momentum holds.1-day DOT Trading Chart: Source| Trading ViewThe Money Flow Index (MFI) measures 73.05, indicating that momentary buying momentum is present in the market. The Relative Strength Index (RSI) is above the 50 level, indicating a moderate bullish move, pointing to a potential surge if momentum holds. Meanwhile, the CVD data indicates emerging buying pressure as momentum continues to shift.ETF Optimism Has Contributed to General Market OptimismSpot crypto ETF approval odds that are increasing in the United States have generated positive market sentiment across the board. Industry trackers show approval odds have reached over 75%, as their data indicates. Many investors view the altcoin DOT as one of several good candidates to receive increased institutional interest because of growing market support.Source| XConsolidated benefits from ETFs will reach DOT and other main cryptocurrencies, including LTC, SOL, XRP, DOGE, ADA, HBAR, and AVAX, by opening new entry points to wholesale investors. Experts in the market predict investors will start showing their position based on these projections within the upcoming weeks. The prospect of ETF approval leads market analysts to believe that DOT has a chance to rise to $4.85, even though it has not yet achieved confirmation of this trend. The price has better potential for upward movement when it stays above its breakout points and attracts the projected rise in trading volume.Polkadot Marketing Push Shows Growth in Reach and EngagementIn April, Polkadot spent marketing budget of 400,000 DOT. The April marketing expenditure doubled the amount spent in March, with its established value. The planned reduction of May budget expenditures by 50 % did not interrupt the growing sentiment or increased visibility.Source| XData from the network engagement shows sentiment levels went from -1.4 in July 2024 to +3.1 during recent weeks. The popularity of Polkadot surged through increased mentions of over 430% and engagements by 117%, and smart engagements reaching 190%.The Kaito campaign also received its initial launch in mid-February because it distributes 100,000 DOT each month throughout the next six months.The Kaito campaign sustains ongoing visibility through its system for recognizing ecosystem support and its initiative to share educational information.Source link
You may also like

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.

The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.

The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."

$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years

Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?

Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27

Bloomberg: A Romanian Presidential Election Intervened by Crypto Traders
The puzzle of the Romanian elections under digital manipulation.

Founders Fund, Pantera, and Franklin Templeton join Sentient's "Arena" to stress test enterprise-level AI agents
Sentient is gathering builders and supporters from around the world (including Founders Fund, Pantera, Franklin Templeton, alphaXiv, Fireworks, OpenRouter, etc.) to jointly address the reasoning capability gap in enterprise AI.

Why Retail Is Shifting From Crypto to Equities: Will They Return?
Retail traders are exiting the crypto market and gravitating towards equities. Bitcoin saw a notable reduction in spot…

Canton Crypto Network vs. XRP: Understanding DTCC’s Strategic Approach to Infrastructure and Liquidity
Key Takeaways Canton Network and XRP serve distinct roles in blockchain technology: Canton for asset tokenization and atomic…
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply