Polkadot's Make-or-Break Moment: Can DOT Close Above $1.22?
Polkadot is coiling at $1.18, with smart money running 69.8% long and every major moving average flipped to support.
The token has been making a comeback after a prolonged grind below $1.10, and the recovery above the SMA 50 and SMA 200 is a significant development.
The momentum, however, is lying flat, with a dead flat reading on the MACD line and a mid-range RSI of 56.
The Bollinger Band picture is clean, with DOT sitting at 59% of the band width, and the upper band at $1.31 has not been tagged, leaving room to run without triggering a mean-reversion signal.
Whales are 70% long, and aggressive buyers are winning the tape right now, with a 2.31 long/short ratio and a taker buy/sell ratio of 1.16.
The next seven to thirty days will resolve around a single variable: can DOT close a daily candle above $1.22 with volume conviction?