After years stuck in reverse, the Polkadot crypto price just slammed the gearshift. DOT ▲4.26% has broken free from a two-year falling wedge, a textbook reversal pattern for traders who still believe in the long-term potential of this coin.
99Bitcoins analysts observed DOT reclaiming key resistance zones at $3.40 and $3.45, now acting as support. Volume is also ticking up, now over $159 million in the last 24 hours, and the market is watching to see if the move has real staying power.
“Could be the start of the uptrend we’ve waited way too long for,” said Crypto Winkle, a longtime DOT trader.
Polkadot Crypto: Technical Signals Suggest More Upside
Polkadot is lower than it was at the bottom of October 2023. Things were looking quite grim, but momentum is clearly rising.
Trading volumes have surged, and DOT’s price structure has flipped bullish for the first time in months. 99Bitcoins analysts now point to $10 as a potential medium-term target, representing more than 150% upside from current levels.
This isn’t pure speculation. The breakout aligns with broader market trends and precedes a major upgrade to Polkadot’s core infrastructure expected in 2025.
Meet JAM: Polkadot’s 2025 Protocol Overhaul
While most chains chase market pumps, Polkadot is digging in to become Web3’s foundation. It’s less about speculation, more about rewiring how data, value, and apps move across the internet.
Thanks to its parachains and cross-chain links, Polkadot isn’t trying to replace Ethereum or Bitcoin—it’s trying to connect them. And in a space still defined by fragmentation, that might be the most important role of all.
The next leap for Polkadot is JAM, short for Joint Accumulate Machine, and is a radical redesign of its core blockchain. JAM transforms Polkadot into a RISC-V-based virtual machine capable of running any software, effectively turning the network into a decentralized supercomputer.
Polkadot co-founder Gavin Wood has already demoed JAM by running vintage games on it. Once deployed at scale, JAM will allow developers to write complex apps with broader compatibility and power than ever before, making Polkadot a true operating system for Web3.
Polkadot Crypto Eyes $10 As Fundamentals and Tech Align
With the falling wedge now broken and momentum back on the rise, DOT is in a critical window. For traders and builders alike, Polkadot’s breakout is worth watching.
While DOT’s price action has been one of the worst over the last five years, this could finally be the start of something bigger.
EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways
- The next leap for Polkadot is JAM, short for Joint Accumulate Machine, and is a radical redesign of its core blockchain.
- While DOT’s price action has been one of the worst over the last five years, this could finally be the start of something bigger.
The post Polkadot Crypto Breaks Out of Two-Year Downtrend as Momentum Builds appeared first on 99Bitcoins.
