Polkadot Eyes Bullish Break Amid Resistance Challenges

Polkadot (DOT) appears positioned for a potential upward move as technical indicators show bullish signs on lower timeframe charts, suggesting it may soon overcome key resistance around the $4.2 level. However, despite a series of higher highs and higher lows over the past two weeks, the 1-day chart reveals a persistent bearish swing structure and weak buying pressure, as highlighted by the Awesome Oscillator and flattened A/D indicator. The liquidations observed around the $4-$4.18 and $4.3-$4.4 zones indicate that while traders see some promise, there is also a risk of a bearish reversal if these resistance levels hold. Meanwhile, Bitcoin (BTC) trading above the $92k mark continues to bolster bullish sentiment across altcoins, offering supportive market conditions for DOT despite its immediate technical challenges. The overall analysis reflects a cautious stance among market participants who remain alert to both the upward potential and the possibility of a price pullback in Polkadot. No specific deferred events were mentioned that might further impact these assets in the near future.