The post Polkadot Is Pumping: Can DOT Hit $5 Soon? appeared on BitcoinEthereumNews.com.
Polkadot (DOT) price is staging a strong recovery after months of subdued price action, with the daily chart flashing signs of renewed bullish interest. As of now, DOT is trading at $4.516, having gained +1.40% in the latest session. The rally has pushed prices to the highest level in weeks and is drawing attention to the critical $5 resistance level. With momentum building and technical indicators heating up, the big question is whether Polkadot price can sustain this upward move—or if it’s heading toward exhaustion. Polkadot Price Prediction: What’s Driving the DOT Price Rally? DOT/USD Daily Chart- TradingView Polkadot price recovery began from the $3.50 support level earlier this month and has since formed a nearly vertical climb on the Heikin Ashi daily chart. The last 10 candles have been mostly green, showing minimal bearish pressure and confirming a strong bullish trend. The chart also reveals a break above previous resistance at $4.30, now turning into support. This breakout aligns with broader altcoin market strength and upcoming development milestones for the Polkadot ecosystem, particularly around parachain auctions and interoperability upgrades. RSI Is Overheated — But Is It a Warning or a Green Light? The Relative Strength Index (RSI) is now at 76.90, which is above the standard overbought threshold of 70. This could raise caution flags for some traders, but in strong uptrends, such RSI levels often reflect bullish continuation rather than an immediate reversal. Let’s look at recent history: In April, when DOT price last crossed RSI 75, the price surged another +12% before pulling back. If the same percentage is applied now from $4.516: $4.516 × 1.12 = $5.06 This projects a near-term target of $5.06, right above the key psychological resistance of $5. Fibonacci Zones and Resistance Mapping Fibonacci retracement and extension levels also support the case…
