The Polkadot (DOT) price has been gaining strength recently, catching the attention of traders and experts alike. With signs of strength against key levels, momentum is building, leading to discussions about potential breakout patterns on both short and long-term DOT crypto charts.
Currently, the DOT price is hovering around $3.77, with a market cap of $6.10 billion and a daily trading volume of $307.28 million. An analysis of the 4-hour Polkadot price chart has revealed a bullish setup, with the token breaking above a falling trendline, indicating a near-term rally. This could potentially lead to a target of $4.40 in the short term, representing a 19% gain if momentum continues.
On the daily chart, the DOT crypto is forming a symmetrical triangle pattern, further fueling speculation about a potential upside breakout. With rising trading volume supporting this theory, some analysts believe that the DOT/USD could climb to $5.50 in September, with a broader price prediction targeting $10 by the end of 2025.
Looking beyond short-term moves, the long-term potential of Polkadot is also drawing interest. An analyst highlighted that despite trading much lower than its previous cycle peak of $54 in late 2021, DOT remains undervalued considering its strong fundamentals and use case. With continued accumulation, some traders believe that an all-time high (ATH) retest could be on the table by the first half of 2026.
In conclusion, the DOT price is showing signs of strength and potential for significant growth in the coming months and years. With bullish patterns emerging on both short and long-term charts, traders and investors are keeping a close eye on Polkadot as it continues to solidify its position in the crypto market.