- DOT is bouncing from the $3.5–$4.5 accumulation zone, a range that previously triggered sharp rallies toward the $11.7 resistance level.
- A clean triple bottom formation on DOT’s chart suggests a bullish reversal, supported by breakout momentum and increasing buying pressure.
- If DOT breaks $11.7 with strong volume, analysts project potential short-term price targets at $15 and possibly $20 in coming weeks.
Polkadot (DOT) is exhibiting a familiar price structure that has historically preceded sharp upward moves. The altcoin is once again rebounding from its long-established accumulation range.
Historical Setup Repeats for Polkadot
CryptonautX, a well-followed market analyst, noted on X that DOT has consistently rallied after consolidating in the $3.5–$4.5 zone. The pattern has played out twice in the past, each time followed by a rapid climb toward the $11.7 resistance level. The current market setup is showing similar behavior, with DOT now bouncing from this accumulation zone.
The technical chart illustrates a clean triple bottom structure—often considered a classic bullish reversal pattern. DOT’s price is starting to break above the consolidation zone, suggesting growing buying interest. If this momentum is sustained, the analyst expects DOT to reach $5.4 and $7.8 in the near term.
Breakout Levels to Watch in August
With bullish sentiment rising across the broader crypto market, DOT may be well-positioned for continued gains. According to CryptonautX, if the price breaks through the $11.7 resistance with strong volume, the next potential targets could be $15 or even $20.
The $11.7 level has been a historical ceiling for DOT, acting as a major point of rejection in previous cycles. Closure above this level would decisively show the bullish movement is on. Current technical momentum suggests DOT may attempt this breakout before the end of August.
Fundamentals and Community Remain Strong
Polkadot continues to maintain active development and a committed community. Despite previous market corrections, the project has preserved its technical structure and investor interest. These factors have supported its long-term price foundation.
CryptonautX emphasized that the current structure is nearly identical to prior setups that resulted in major rallies. The pattern, supported by historical behavior and price action, makes a strong case for a sustained move toward higher resistance levels in the coming weeks. DOT’s technical and historical behavior is now aligning with improving market conditions.
