Polkadot’s price recently broke out of a descending channel pattern, gaining significant momentum. Currently valued at 7.72 USD, reflecting a 6.54% rise, DOT targets 11.77 USD as the next resistance. Successful surpass of this point could see prices aiming for 24 USD, highlighting over 100% growth potential.

Technical indicators such as moving averages and RSI show bullish signals for Polkadot. The weekly MA cross emphasizes a positive trend, while the RSI’s position at 56.26 suggests room for further price appreciation. These factors align with market expectations for sustainable DOT growth.

Community interest in Polkadot remains HIGH, as indicated by increased social dominance and development activities. The rise from 0.432% to 0.551% in social engagement underscores strong community support. Additionally, development activity suggests a robust network, appealing to long-term growth and adoption prospects for DOT.