Polkadot's native token, DOT, is trading at $1.31, hugging the upper rim of its Bollinger Band — a technical pattern that often signals continued upward momentum. Analysts tracking the chart say the token could push to $1.40 within two weeks if buying pressure holds.
What's driving the move
The current rally isn't just retail hot money. Data shows heavy long positioning from both individual traders and so-called whales — large holders who can move markets. That combination of broad-based bullish sentiment has pushed DOT to a level where technical traders are watching closely.
The upper Bollinger Band, a volatility indicator, currently sits just above $1.31. When an asset rides that line, it's considered overextended, but in strong trends the price can ride it higher. DOT's last similar setup in November led to a 9% gain over two weeks.
Key level to watch
The $1.40 target is within easy reach if the buying continues. A break above that would put DOT at a three-month high. But with the price already stretched, any stall in momentum could trigger a pullback toward the middle band near $1.20.
Whales have been accumulating since early March, and retail interest picked up after DOT bounced off $1.10 support. The question now is whether the current pace can be sustained. Volume data over the next few sessions will be the tell.
