The DOT breakout is not isolated. Bitcoin has stabilized above key demand, Ethereum is rebounding after a leverage reset, and several mid-cap tokens are posting double-digit gains. This suggests a short squeeze across altcoins, capital rotating into oversold legacy names and risk appetite improving.
However, true bullish regime confirmation would require major assets reclaiming macro resistance levels and derivative open interest expanding sustainably.
If the Polkadot price holds above $1.5 and clears the resistance at $1.99, then the token may head towards the upside targets at $2.54 and later at $2.99. On the other hand, if it fails to hold and breaks back into the previous channel, then the breakout risks turning into a false move, with support at $1.13 becoming extremely critical. Besides, with more than a 23% rise in action, the profit-taking may also rise.
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