Crypto analyst Khazez has identified a critical price level for Polkadot, suggesting DOT could see explosive upside momentum once it reclaims $10.373. His analysis points to this specific level as a major trigger point for the next leg up in DOT’s market structure.
The analyst’s chart shows DOT’s journey from its peak of around $55 in late 2021 through its subsequent correction. The prolonged consolidation between $4-$10 from mid-2022 to 2024 appears to have built a solid foundation for the next major move. This extended accumulation phase typically precedes significant price appreciation in crypto markets.
The Critical Level on Polkadot Price Chart
Khazez emphasizes the $10.373 mark as the key level to watch. This price point previously served as crucial support during DOT’s earlier uptrend. The recent breach above this threshold suggests mounting bullish pressure, with the potential for sustained momentum once firmly reclaimed.
Read Also: How Much Will 25,000 Stellar (XLM) Tokens Be Worth at Peak of the Bull Run?
Based on the technical structure, the analysis points to the $30 zone as a significant resistance area that could serve as the next major target. This level represents a previous consolidation zone during DOT’s descent. Beyond that, the all-time high of $55 remains the ultimate target in a macro-bullish scenario.
Khazez’s analysis suggests that maintaining a position above $10.373 could trigger a 2x move toward the $30 resistance zone. Any successful retest of $10.373 as support would further validate the bullish outlook, potentially setting up DOT for its next major rally phase.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
