Breakouts and key bullish indicators may determine DOT's performance in the short term.

Polkadot's breakthrough and technical indicators suggest a possible rebound to $24

The constantly rising development activities and the dominant social status highlight the market's increasing interest in altcoins.

Polkadot [DOT] has caught the attention of the market with its recent price trend, breaking significantly from a downward channel pattern. At the time of writing, the price of the cryptocurrency is $7.72, up 6.54%, showing some encouraging momentum on the chart.

Undoubtedly, the continuous activities and indicators around Polkadot have aroused people's curiosity about its potential direction in early 2025.

DOT breaks through key resistance level with strong setup:

The breakthrough of Polkadot's downward channel has laid the foundation for a potential rebound, and the token will restore its bullish structure and form higher highs.

The direct resistance level of $11.77 is still a key level to watch, and a successful breakthrough may pave the way for the $24 mark. These levels suggest a potential upside of over 100% at the time of writing, highlighting the bullish trajectory of DOT.

In addition, the consolidation after the breakthrough is very strong, which makes traders confident in its long-term strength. In short, Polkadot's technical prospects continue to align with the market's expectation of sustained growth.