Will Polkadot Break Out to Hit $50? Traders Eyeing Key Resistance

Polkadot (DOT) is trading near its recent high of $4.52, with traders eyeing a breakout above the crucial resistance level of $4.61. Strong volume and a steady increase in staking activity are fueling optimism for potential price surges, while analysts believe a break above this level could lead to the long-term target of $50. The article explores DOT’s recent performance, focusing on trading indicators, ecosystem growth, and upcoming developments.