Breaking Crypto News: Polkadot Price Hit $4—Can DOT Rocket to $6 Soon?

The Polkadot price surge narrative is heating up again, as DOT edges closer to a key resistance level that could define its next major move. After weeks of consolidation and dipping to crucial support levels, the asset is forming a bullish technical structure that traders often associate with explosive breakouts.

Polkadot’s price behavior is building momentum within a well-defined falling wedge pattern, a structure commonly linked to bullish reversals. The prices of DOT reached $4, and with repeated tests of the $3.80 resistance zone, the market appears primed for a decisive breakout. If the bulls take control, the next stop could be $6, a full 100% surge from current levels.

What Is Supporting DOT’s Current Structure?

A strong technical foundation is quietly building under Polkadot. The asset is trading along a rising trendline that has consistently held during pullbacks, signaling firm support for DOT even in turbulent market conditions.

One critical factor backing this potential Polkadot price surge is the confluence of Fibonacci retracement levels. DOT is currently bouncing around the 0.382 Fibonacci level, a zone that has historically triggered upward reversals. The convergence of this retracement level and the ascending support trendline gives extra strength to the bullish setup.

Chart 1- DOT/USDT Live Price, published on Binance, April 23, 2025.

Market analyst TheCryptoProfes has also flagged this confluence zone as a major turning point. Now that DOT has broken above $4 with volume, it could activate a larger rally and confirm the bullish trend reversal that the chart has been teasing.

What’s Next Now That DOT Hit $4?

At the moment, DOT has just broken above the $4 level, a resistance that has repeatedly rejected bullish momentum. The asset remains trapped in a falling wedge pattern, often a precursor to significant price gains. As DOT narrows toward the wedge’s apex, the pressure builds for a directional move. Historically, such patterns resolve to the upside, and traders are anticipating that DOT will follow suit.

The RSI (Relative Strength Index) currently sits at 44.60, indicating that DOT is in neutral territory. This leaves room for a move higher, especially as price action creeps toward the upper boundary of the wedge pattern. The RSI, in combination with the wedge formation, adds fuel to the narrative of an upcoming breakout.

Low Selling Pressure Signals Possible Breakout

Volume indicators are also leaning bullish. Cumulative Volume Delta (CVD) analysis shows weak selling pressure and low volatility, both signals that often precede strong upward moves. As sellers fade and buyers prepare to step in, the stage is being set for a sharp move higher.

These indicators suggest that once DOT establishes a clean close above $4, a fresh wave of buying could propel the token rapidly toward the $6 mark. That would represent a 100% return from the current price above $4. The DOT bullish chart structure supports this outlook. The falling wedge, RSI behavior, and CVD pattern align with a broader trend reversal and surge.

Can the Rally Sustain? Sentiment & Risk Factors

Despite all the technical momentum, market sentiment remains lukewarm. The Fear & Greed Index currently sits at 47, signaling neutrality among traders and investors. This hesitation means that while the foundation for a rally exists, follow-through depends heavily on volume and confirmation above resistance.

If DOT fails to stay above $4, the price could fall back into consolidation or even retest lower supports. But with buyers circling and the DOT price resistance repeatedly tested, bulls seem ready to make their move. The broader crypto environment also plays a role. As liquidity returns and altcoins regain strength, DOT is well-positioned to ride the next wave, especially if sentiment flips bullish.

Polkadot Could Be Ready to Explode

The Polkadot price surge is not guaranteed, but the stars are aligning. A breakout above $4 would confirm a textbook bullish reversal from a falling wedge and open the door to a $6 target. With weak selling pressure, a neutral RSI, and a strong technical base, DOT is gearing up for a potentially explosive rally.

If you’re tracking the DOT price today, keep your eyes on the breakout above $4. These are the levels that could shift sentiment fast and mark the start of a new uptrend. As always, risk remains, but this setup is one traders don’t want to miss.