Polkadot Near Resistance, Investors Watch for Breakout

Polkadot (DOT) is poised near its key resistance level of $3.76 as traders await a breakout signal. Despite remaining in a tight range between $3.65 and $3.76, analysts are closely watching for signs of a potential upward trend from the descending wedge pattern. While volume remains neutral, investors are cautiously optimistic about the token’s future. A successful break above this resistance level could potentially ignite bullish sentiment, but price consolidation might slow progress towards significant gains. DOT currently sits at #26 by market cap with a slight 1.3% rise in the last 24 hours.