Polkadot (DOT) is showing signs of renewed bullish momentum on the 1-hour chart. The price has been forming higher lows, while the Supertrend indicator remains in buy mode, suggesting that buyers are still in control.

DOT is also trading around its key moving averages, indicating improving short-term market strength. The major level to watch is $0.860. A strong breakout above this resistance, supported by higher trading volume, could open the door for further upside.

However, traders should avoid buying based on hype or FOMO alone. It's always better to wait for confirmation, such as a candle closing above resistance with strong volume, before making a trading decision.

As always, cryptocurrency markets are highly volatile. Do your own research (DYOR), manage your risk carefully, and never invest more than you can afford to lose.

This article is for educational purposes only and is not financial advice.