- Polkadot’s capability to remain above the $5.30 zone may open the door for a transfer again to $8.
- Extra merchants betting on lengthy, suggesting buyers have been nonetheless believing in additional upward potential.
Polkadot [DOT] rose virtually 10% alongside a greater than 19% surge in each day buying and selling quantity as per CoinMarketCap. At press time, DOT traded at $5.07, aiming to reclaim the vital $5.30 degree.
Naturally, a sustained shut above $5.30 may open the door to the $8.00 resistance. A profitable flip of that zone could even clear the trail to $11.67.
However, a rejection round $5.30 may offset a course correction again to $4.70 and even retest the $4.30-$4.00 accumulation vary.
The MACD modified to mirror bullish momentum. This was after the MACD line crossed over the sign line, with the elevated histogram bars indicating the rising upside stress.
Supply: TradingView
The $5.30 showdown begins
The breakout on the construction from the extended base accumulation zone confirmed the upside situation. However failure to carry $5.30 may very well be a fakeout, particularly if coincided with a declining quantity.
![Top Crypto to Buy in 2025: Analysing BlockDAG, DOT, ATOM & XMR in Q2 [ Expert Opinion]](https://cryptonews100.com/wp-content/uploads/2025/05/image-339-120x86.png)
Subsequently, the $5.30 degree turned out to be a vital turning level. Holding above this might affirm continuation. A rejection, nevertheless, could set off a deeper pullback.
DOT liquidation heatmap
The Liquidation Map showed massive lengthy leverage positions between $4.54 and $5.09.
DOT had extra lengthy stability than the brief stability, with 25x and 50x leverage, therefore displaying that the merchants have been aggressive as they entered anticipating an upward momentum.
The worth of $5.14 was virtually under the important thing resistance zone at $5.30, the place vital lengthy positions may very well be closed.
This was because of the periphery of the development was maybe holding regular on the perceived earnings’ degree of commerce.
The quantity of brief liquidations may safe an upward, delicate motion from $5.16 to $5.30. Nonetheless comparatively decrease positions, it alerts that bears could not but pull closely on the draw back.
Supply: CoinGlass
Break above or breakdown under—choose a aspect
A breakthrough above $5.30 may trigger brief liquidations and generate upward strain that may discover its technique to $5.50 – $5.75 space.
Then again, if the worth dropped to $5.09 or decrease, the tightly grouped excessive-leverage longs may be liquidated.
That may speed up a drop in the direction of $4.80 or under. Regardless of the technical setup and bullish sentiment, DOT’s Energetic Addresses fell to 62.1K at press time.
That decline suggests community exercise stays subdued, doubtlessly weakening on-chain help for a breakout.
![Top Crypto to Buy in 2025: Analysing BlockDAG, DOT, ATOM & XMR in Q2 [ Expert Opinion]](https://cryptonews100.com/wp-content/uploads/2025/05/image-339-350x250.png)
