Polkadot Price Caught In A 5-Year Channel – Can It Finally Break Free?

According to Çağnur Cessur in a recent post on X, Polkadot (DOT) has been consistently trading within a clearly defined black channel on the monthly chart. This channel is formed by well-established horizontal support and resistance levels, which have been tested numerous times over the past 4 to 5 years. The range, spanning from $4 on the lower end to around $12 at the top, has effectively boxed in DOT’s price action, shaping a long-term sideways market structure. A clear move beyond this 5-year range, especially on strong volume, could mark the beginning of a new trend, either into price discovery or deeper support levels source: https://www.newsbtc.com/news/polkadot-dot/polkadot-in-a-5-year-channel/