Polkadot price could be setting up for its next major reversal after weeks of ranging, according to popular analyst Crypto Patel. In his latest chart, he highlighted a potential 43% upside move if DOT confirms a clean breakout above the key $3.39 zone, the level he calls the “CISD breakout.”
Patel’s analysis shows that DOT price has already completed an external liquidity sweep, clearing out weak hands below $3.00. The move flushed out sellers and created the conditions for a reversal. Price now sits just under the critical $3.39 level, which he marks as the area to watch for confirmation.
His plan remains disciplined: enter near $3.399, place a stop-loss at $2.900, and aim for two profit targets, $4.40 and $4.88, representing gains of roughly 29% and 43% from the entry. Patel notes that the structure “respects the levels,” meaning the chart is still following his predefined setup.
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What DOT Chart Is Showing
The daily chart shared by Patel shows DOT price consolidating tightly around $3.00–$3.40 after bottoming out earlier in October. This pattern signals market indecision but also hints at coiled momentum ready to unwind.
If DOT can post a decisive daily close above $3.39, Patel expects a swift leg higher toward the liquidity zone at $4.80, his “draw on liquidity” target.
The move could take less than a week once confirmed, based on his six-bar projection. Technical indicators such as RSI are already curling upward, and buyers have defended the $3.00 level multiple times in recent sessions.
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Patience Over FOMO
Patel’s message to traders is clear: wait for confirmation. “Don’t front-run the setup,” he said, reminding that a false breakout could trap impatient longs. His strategy focuses on entering after a confirmed reclaim of $3.39, not before.
That approach gives a favorable risk-to-reward ratio (R:R), limited downside below $3.00 versus the potential 40%+ upside. The structure also fits Polkadot’s historical tendency to rally sharply after liquidity sweeps.
Polkadot’s short-term momentum is shifting. The recent washout cleared liquidity, and if buyers reclaim the $3.39 zone with conviction, DOT price could flip bullish again for the first time in weeks. The setup is clean, the structure is defined, and all eyes are now on confirmation.
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