Polkadot’s price has rebounded significantly after being stagnant for years. DOT has surged, breaking out of a two-year falling wedge, a well-known reversal pattern suggesting traders see long-term potential in this cryptocurrency.

Recent analysis from 99Bitcoins highlights that DOT has regained crucial resistance levels at $3.40 and $3.45, now serving as support. Trading volume is increasing, exceeding $159 million in the last 24 hours, leading the market to observe whether this momentum holds.

“Could be the start of the uptrend we’ve waited way too long for,” commented Crypto Winkle, a seasoned DOT trader.

Polkadot Crypto: Technical Signals Suggest More Upside

Despite being lower than its October 2023 low, Polkadot’s momentum is clearly on the upswing. Trading volumes have increased sharply, and DOT’s price structure has flipped bullish for the first time in months. Analysts forecast $10 as a potential medium-term target, implying over 150% upside from current levels.

This isn’t merely conjecture; the breakout aligns with broader market trends and precedes an imminent major upgrade to Polkadot’s infrastructure slated for 2025.

Meet JAM: Polkadot’s 2025 Protocol Overhaul

Unlike many blockchain projects focused on price spikes, Polkadot aims to lay the groundwork for Web3. It’s not about competing with Ethereum or Bitcoin, but about connecting them.

The next leap involves a significant redesign called JAM (Joint Accumulate Machine), transforming Polkadot into a decentralized supercomputer that can run complex applications with greater efficiency.

Polkadot Crypto Eyes $10 As Fundamentals Align

With the breaking of the falling wedge and a return to momentum, DOT is in a pivotal phase. Traders and developers alike should keep a close eye on Polkadot’s progress.

Despite its poor price action over the last five years, this may be the dawn of a significant opportunity.