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Gate ELSA Futures Trading Challenge is Now Live!
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🏆 Trade to share 160,000 USDT！
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Announcement link: https://www.gate.com/announcements/article/49432
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#CryptoMarketPrediction Polkadot ($DOT) has delivered a +9% move, confirming the breakout from its descending channel exactly as anticipated. Momentum is shifting, but the market has now entere a make-or-break phase.
🔑 Key Market Structure Update
• Breakout confirmed from the bearish channel
• Price is currently testing a major horizontal resistance zone
• Volatility is expected to increase near this level
🔍 What Happens Next?
✅ Bullish Scenario
A clean daily close above resistance, followed by a successful retest, would validate trend continuation and open the path for further upside expansion.
⚠️ Cautious Scenario
Failure to break and hold above this zone may trigger a short-term pullback or consolidation, offering better-defined entries later.
⏳ Trader’s Note
Patience is key. Avoid rushing into positions until the daily structure confirms direction. Let the market show its hand first.
📌 Focus Level: Daily close above resistance
📈 Bias: Neutral → Bullish (confirmation pending)
$DOT
#Elaouzi #CryptoMarketPrediction #Polkadot #MarketStructure