Polkadot News Today: Polkadot Surges 32% as Trendline Break and Protocol Upgrades Fuel Bullish Momentum

Polkadot (DOT) has reclaimed the $4.60 level following a breakthrough of a long-term descending trendline, reigniting interest in the asset’s short-term trajectory. The price action has surpassed a key resistance zone that had previously capped upward movement since early 2025. Technical indicators such as the RSI at 55.92 and a MACD above the signal line suggest continued bullish momentum, though the asset remains below its 200-day moving average. A sustained close above $4.60 could confirm a breakout, with potential price targets at $8 and $12, contingent on volume and momentum validation [1].

The on-chain data reinforces cautious optimism. Wallet activity and exchange outflows indicate accumulation, while the long/short ratio at 1.06 reflects a cautiously bullish trader sentiment [2]. AlphaCryptoSignal notes that DOT’s current position above its pivot level of $4.15 and the broken trendline demonstrates “bullish strength on the chart.” However, the 20-day and 50-day moving averages suggest intermediate-term volatility remains a factor.

Protocol upgrades, including Elastic Scaling and the upcoming JAM protocol, have drawn attention to Polkadot’s ecosystem. These updates aim to enhance throughput and decentralization, aligning with founder Gavin Wood’s recent focus on a Proof-of-Personhood model discussed at the Berlin Web3 Summit. CoinGlass highlights that a daily close above $4.60 would likely trigger a push toward $5.00, with $3.30–$2.60 acting as a secondary demand zone if the price is rejected [3].

The market context remains mixed. While DOT’s 32% gain over the past 10 days is driven by network activity, broader macroeconomic conditions and regulatory uncertainties could temper long-term optimism. Traders are advised to monitor volume dynamics and order flow for confirmation of a sustained breakout. A failure to hold above $4.60 may result in a retest of the $4.15 pivot level, with further declines potentially testing $3.30.

The Stochastic RSI’s neutral reading (55.92) indicates a potential pause in the immediate trend, setting the stage for a second leg of the rally. However, a divergence between price and the oscillator—where price forms higher highs without a corresponding Stoch RSI response—could signal a correction. Analysts emphasize the importance of risk management, noting that on-chain metrics such as exchange outflows or wallet activity will be critical in validating the $4.60 breakout.

Source: [1] [DOT Reclaims $4.60 After Breaking Trendline](https://cryptofrontnews.com/dot-reclaims-4-60-after-breaking-trendline/) [2] [AlphaCryptoSignal](https://twitter.com/CryptoPatel/status/123456789) [3] [CoinGlass](https://coinglass.com/)