Polkadot News Today: Polkadot Surges 32% on Protocol Upgrades Breaks $4.60 Resistance Eyes $8-$12 Targets

Polkadot (DOT) has reasserted control over the $4.60 resistance level, a critical threshold that had constrained price action since early 2025, sparking speculation about potential upward targets. The asset’s recent 32% surge over 10 days, driven by protocol upgrades like Elastic Scaling and the upcoming JAM protocol, has intensified bullish sentiment. Technical indicators and on-chain data suggest sustained momentum, with price projections now eyeing $8 and $12 as key resistance levels.

The breakout above $4.60, confirmed by a daily close above the level, has been labeled a “pivotal moment” by analysts. The Relative Strength Index (RSI) at 55.92 and Moving Average Convergence Divergence (MACD) above its signal line indicate positive momentum. While DOT remains below its 200-day moving average, its position above 20-day and 50-day averages signals short-term strength. On-chain activity further supports optimism: rising wallet activity and steady exchange outflows point to accumulation, while a long/short ratio of 1.06 reflects cautious bullish positioning among traders [1].

Network developments have played a critical role in the rally. Founder Gavin Wood’s introduction of the Proof-of-Personhood concept at the Berlin Web3 Summit has reinforced long-term development expectations. Meanwhile, Elastic Scaling and JAM protocol upgrades aim to enhance scalability and decentralization, attracting renewed investor interest. AlphaCryptoSignal noted that “DOT has broken the resistance and is now holding above it, showing bullish strength on the chart,” emphasizing the significance of the $4.60 level as a psychological and technical milestone [2].

Analysts project that sustained volume and momentum above $4.60 could propel DOT toward $8 and $12, though these remain speculative targets. CoinGlass highlighted that a push toward $5.00 is the next immediate focus, with $3.30–$2.60 acting as potential demand zones if the current rally falters. The market’s cautious optimism is underscored by the 1.06 long/short ratio, which balances bullish bets with risk management strategies [3].

The price surge has also coincided with broader on-chain metrics. Increased wallet activity and steady exchange outflows suggest investors are accumulating DOT rather than selling. This behavior aligns with the technical narrative of a potential breakout, as accumulation often precedes significant price movements. However, traders remain vigilant about the 200-day moving average as a long-term benchmark, which has historically acted as a barrier for upward progression.

Key factors influencing the current trajectory include protocol upgrades, market sentiment, and technical analysis. While the $4.60 level has been a recurring obstacle, its recent breach has shifted the narrative from consolidation to potential expansion. The challenge for bulls lies in maintaining volume and momentum to validate the breakout. Failure to hold above $4.60 could trigger a retest of the level, with $3.30–$2.60 serving as a critical support range.

As the market digests these developments, traders are advised to monitor key price levels and on-chain metrics for confirmation of further bullish momentum. The interplay between technical strength and network upgrades will likely dictate DOT’s next move, with $8 and $12 representing aspirational targets contingent on sustained buying pressure.

Source:

[1] [Polkadot (DOT) Reclaims $4.60, Suggesting Possible Targets Near $8 and $12 Amid Bullish Momentum July 28, 2025] [https://en.coinotag.com/polkadot-dot-reclaims-4-60-suggesting-possible-targets-near-8-and-12-amid-bullish-momentum/]

[2] [AlphaCryptoSignal (X)] [https://en.coinotag.com/polkadot-dot-reclaims-4-60-suggesting-possible-targets-near-8-and-12-amid-bullish-momentum/]

[3] [CoinGlass] [https://en.coinotag.com/polkadot-dot-reclaims-4-60-suggesting-possible-targets-near-8-and-12-amid-bullish-momentum/]