Polkadot Price Breaks Descending Trendline After Four Failed Attempts

Polkadot's price has finally broken above a descending trendline that had rejected it four times in a row, sending a strong signal to traders.

The trendline break is significant because it shows sellers lost control and buyers stepped back in. This is a stronger signal than just a brief poke above the line.

According to Polkadot's 4-hour chart on Binance via TradingView, DOT broke through the descending trendline at $0.7950, which has held since its fifth test. The price has been holding higher since and is now testing the $0.9090 resistance level.

The analysis also highlights that shorts have taken the bulk of liquidations across various time windows, including the 1h, 4h, and 24h windows. This suggests that short positions are being heavily liquidated, which could contribute to further price gains for Polkadot.